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Freightos Leadership Transition: CFO Pinillos Steps Into Acting Role as Schreiber Exits
Freightos Limited (CRGO) announced a significant executive reshuffle on Wednesday, with CEO Zvi Schreiber departing to pursue new business ventures. The company’s Chief Financial Officer, Pablo Pinillos, will temporarily take the helm as acting CEO while the board conducts a comprehensive search for a permanent successor.
Schreiber’s decision marks a notable shift in the cryptocurrency logistics platform’s leadership structure. The outgoing executive expressed his commitment to the company’s future, stating he would remain engaged as a board member to support Freightos’ continued development. He conveyed confidence in the team’s ability to drive the organization forward.
The board has wasted no time initiating its hunt for a new CEO, signaling continuity and strategic planning amidst the leadership change. Pinillos, transitioning from his CFO responsibilities to the interim chief executive position, brings financial expertise to the top role during this transition period.
Market reaction to the announcement has been measured. CRGO shares are currently trading at $2.98 on Nasdaq, reflecting a 2.48 percent decline. Investors are closely monitoring how the leadership transition unfolds and whether the company can maintain momentum during this interim period.
The shift comes as Freightos continues to navigate the evolving blockchain and logistics sector, with Pinillos now responsible for operational direction while the recruitment process determines the company’s next permanent leadership chapter.