Freightos Limited (CRGO) Announces CFO Transition

Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today announced that Ran Shalev, Chief Financial Officer, has decided to conclude his tenure effective December 31, 2024, to pursue another role. The company is in the process of a search for a successor. In order to ensure continuity, Mr. Shalev has agreed following his departure to actively assist with ongoing operations and with handover throughout Q1.

Mr. Shalev has served as Freightos' CFO since 2016, overseeing the company's financial operations during a transformative period that included its public listing on Nasdaq, the successful execution of multiple strategic acquisitions, and consistent growth in revenue and transaction volumes.

"Ran has been an essential part of Freightos' evolution from a small, innovative startup to a global leader in digital freight," said Zvi Schreiber, CEO of Freightos. "His leadership has been instrumental in driving financial discipline, achieving key milestones, including executing and integrating strategic acquisitions that have expanded our capabilities and market reach. On behalf of the board and the Freightos team, I want to thank Ran for his exceptional contributions and wish him success in his next chapter."

Reflecting on his tenure, Mr. Shalev said, "It has been a privilege to contribute to Freightos' mission of digitalizing global freight and to see the company's incredible progress over the years. With a strong Q3 behind us, I leave the company well-positioned for continued growth, and with the financial resources needed to reach breakeven. I have full confidence in the talented finance team and their ability to keep everything running smoothly, and to continue the timely and accurate financial reporting, as the company transitions to a new CFO. I look forward to supporting a smooth transition as the company continues its journey and to remaining a friend and shareholder of the company."

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