Freightos Announces CFO Transition
Freightos (NASDAQ: CRGO) announced that CFO Ran Shalev will step down effective December 31, 2024, to pursue another role. Shalev, who served as CFO since 2016, will assist with operations and handover throughout Q1. During his tenure, he oversaw the company's financial operations, including its Nasdaq listing, strategic acquisitions, and growth in revenue and transaction volumes. The company is currently searching for a successor, with Shalev confirming he will remain a shareholder and support a smooth transition.
Freightos (NASDAQ: CRGO) ha annunciato che il CFO Ran Shalev si dimetterà con effetto dal 31 dicembre 2024 per intraprendere un altro ruolo. Shalev, che è stato CFO dal 2016, assisterà nelle operazioni e nel passaggio di consegne durante il primo trimestre. Durante il suo mandato, ha supervisionato le operazioni finanziarie dell'azienda, inclusa la sua quotazione al Nasdaq, acquisizioni strategiche e la crescita dei ricavi e dei volumi di transazione. Attualmente, l'azienda sta cercando un successore, con Shalev che conferma di rimanere azionista e di supportare una transizione fluida.
Freightos (NASDAQ: CRGO) anunció que el CFO Ran Shalev renunciará efectivo el 31 de diciembre de 2024 para asumir otro cargo. Shalev, quien ha sido CFO desde 2016, ayudará con las operaciones y la entrega durante el primer trimestre. Durante su mandato, supervisó las operaciones financieras de la empresa, incluida su cotización en Nasdaq, adquisiciones estratégicas y el crecimiento en ingresos y volúmenes de transacciones. La empresa está actualmente buscando un sucesor, y Shalev ha confirmado que seguirá siendo accionista y apoyará una transición sin problemas.
Freightos (NASDAQ: CRGO)는 CFO Ran Shalev가 2024년 12월 31일자로 사임하고 다른 역할을 맡게 될 것이라고 발표했습니다. 2016년부터 CFO를 맡아온 Shalev는 1분기 동안 운영 및 인수인계를 도울 것입니다. 그의 재임 동안 그는 회사의 재무 운영을 감독했으며, 여기에는 Nasdaq 상장, 전략적 인수 및 수익 및 거래량 증가가 포함됩니다. 현재 회사는 후임자를 찾고 있으며, Shalev는 자신이 주주로 남아 원활한 전환을 지원할 것이라고 확인했습니다.
Freightos (NASDAQ: CRGO) a annoncé que le CFO Ran Shalev démissionnera à compter du 31 décembre 2024 pour poursuivre un autre rôle. Shalev, qui a été CFO depuis 2016, aidera aux opérations et à la transition tout au long du premier trimestre. Pendant son mandat, il a supervisé les opérations financières de l'entreprise, y compris son introduction en bourse sur Nasdaq, les acquisitions stratégiques et la croissance des revenus et des volumes de transactions. L'entreprise est actuellement à la recherche d'un successeur, et Shalev a confirmé qu'il restera actionnaire et soutiendra une transition en douceur.
Freightos (NASDAQ: CRGO) gab bekannt, dass CFO Ran Shalev zum 31. Dezember 2024 zurücktreten wird, um eine andere Rolle zu übernehmen. Shalev, der seit 2016 CFO war, wird im ersten Quartal bei den Betriebsabläufen und der Übergabe helfen. Während seiner Amtszeit überwachte er die finanziellen Abläufe des Unternehmens, einschließlich der Nasdaq-Notierung, strategischer Übernahmen und des Wachstums von Umsatz und Transaktionsvolumina. Das Unternehmen sucht derzeit nach einem Nachfolger, wobei Shalev bestätigte, dass er als Aktionär bleiben und einen reibungslosen Übergang unterstützen wird.
- Strong Q3 performance reported
- Company has sufficient financial resources to reach breakeven
- Orderly transition plan with CFO supporting Q1 handover
- Departure of long-term CFO who managed key financial milestones
- Potential operational disruption during leadership transition
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."
About Freightos
Freightos® (NASDAQ: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade faster, more efficient and more resilient.
The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for global businesses of all shapes and sizes. Products include the Freightos Marketplace, WebCargo, WebCargo for Airlines, Shipsta by Freightos, 7LFreight by WebCargo, and Clearit.
Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping.
More information is available at freightos.com/investors.
Media Contact:
Tali Aronsky
press@freightos.com
Investors:
Anat Earon-Heilborn
ir@freightos.com
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SOURCE Freightos
FAQ
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