Zvi Schreiber steps down from Freightos board

Zvi Schreiber will step down from the Freightos (NASDAQ: CRGO) Board of Directors effective February 28, 2026, marking a governance transition as the company continues its search for a permanent chief executive officer. His departure from the board follows his recent step-down as Chief Executive Officer, bringing to a close a 14-year tenure at the helm of the company he founded.

As reported earlier, CFO Pablo Pinillos will serve as interim chief executive.

The Barcelona-based company stated that the board remains fully constituted in line with governance requirements and that the process to appoint a permanent CEO is continuing as planned. The board and the company thanked Schreiber for his leadership and service and reiterated their commitment to the mission of digitalising global freight across carriers, freight forwarders, importers and exporters.

In a LinkedIn post, Schreiber noted, "As Freightos just announced, I have decided to leave the board of directors — 14 years after founding the company." Today's earnings release outlined the board's strategy and plans for the year ahead. That's the board's prerogative, but as our perspectives on the direction for the company have diverged, I prefer to step off the board at this time.

Freightos has been a wonderful journey. As a shareholder and friend of the company, I will continue to cheer on the wonderful team, many of whom I count as friends, as they continue to digitalise global shipping."

Schreiber, who founded Freightos and led it through its growth as a digital booking and payment platform for international freight, has been central to the company’s push to modernise freight procurement and pricing. His departure from the board comes at a time when digital platforms are increasingly shaping procurement, rate transparency and payment processes across the air and ocean freight sectors.

Freightos operates a vendor-neutral platform connecting airlines, ocean carriers, freight forwarders and importers and exporters. The company said its technology supports pricing, quoting, booking, shipment management and payments across international freight workflows.

Meanwhile, in their latest earnings release, Freightos reported fourth-quarter revenue growth of 12 per cent year over year and full-year revenue growth of 24 per cent for 2025, ending the year with $28 million in cash and remaining on track to reach breakeven by the end of 2026.

Pinillos said results were in line with guidance and noted that foreign exchange headwinds affected adjusted EBITDA from the second quarter onwards, but the company’s burn rate remained unchanged, and its cash position fully funds its plans.

He added that 2026 will be a transition year focused on solution adoption and embedding software into customer workflows to support stronger platform bookings and network effects, positioning the company for higher growth from 2027 onwards.