Freight Technologies Announces Updates to its Board of Directors
Freight Technologies (FRGT) has announced changes to its Board of Directors effective February 14, 2025. The company appointed two new independent directors: Leilei Nie, a strategy and business project management professional with 17+ years in financial services and fintech, and Andres Gonzalez, current CEO of Futura Reserva with extensive experience in real estate development and investment management.
These appointments follow the resignations of Paul Freudenthaler and William Samuels, with Freudenthaler continuing to serve as Board secretary. The resignations were not due to any disputes with the company or Board. CEO Javier Selgas expressed confidence that the new directors will bring valuable expertise and perspectives to Fr8Tech's growth initiatives.
Freight Technologies (FRGT) ha annunciato cambiamenti nel suo Consiglio di Amministrazione a partire dal 14 febbraio 2025. L'azienda ha nominato due nuovi direttori indipendenti: Leilei Nie, un professionista della strategia e della gestione di progetti aziendali con oltre 17 anni di esperienza nei servizi finanziari e nel fintech, e Andres Gonzalez, attuale CEO di Futura Reserva con ampia esperienza nello sviluppo immobiliare e nella gestione degli investimenti.
Queste nomine seguono le dimissioni di Paul Freudenthaler e William Samuels, con Freudenthaler che continuerà a servire come segretario del Consiglio. Le dimissioni non sono state dovute a controversie con l'azienda o il Consiglio. Il CEO Javier Selgas ha espresso fiducia nel fatto che i nuovi direttori porteranno competenze e prospettive preziose alle iniziative di crescita di Fr8Tech.
Freight Technologies (FRGT) ha anunciado cambios en su Junta Directiva a partir del 14 de febrero de 2025. La empresa ha nombrado a dos nuevos directores independientes: Leilei Nie, un profesional en estrategia y gestión de proyectos comerciales con más de 17 años de experiencia en servicios financieros y fintech, y Andres Gonzalez, actual CEO de Futura Reserva con amplia experiencia en desarrollo inmobiliario y gestión de inversiones.
Estos nombramientos siguen a las renuncias de Paul Freudenthaler y William Samuels, con Freudenthaler continuando como secretario de la Junta. Las renuncias no se debieron a disputas con la empresa o la Junta. El CEO Javier Selgas expresó confianza en que los nuevos directores aportarán valiosa experiencia y perspectivas a las iniciativas de crecimiento de Fr8Tech.
Freight Technologies (FRGT)는 2025년 2월 14일부터 이사회를 변경한다고 발표했습니다. 이 회사는 두 명의 새로운 독립 이사를 임명했습니다: Leilei Nie, 금융 서비스 및 핀테크 분야에서 17년 이상의 경험을 가진 전략 및 비즈니스 프로젝트 관리 전문가, 그리고 Andres Gonzalez, 부동산 개발 및 투자 관리에 대한 폭넓은 경험을 가진 Futura Reserva의 현재 CEO입니다.
이러한 임명은 Paul Freudenthaler와 William Samuels의 사임에 따른 것으로, Freudenthaler는 계속해서 이사회 비서로 활동하게 됩니다. 사임은 회사나 이사회와의 분쟁 때문이 아니었습니다. CEO Javier Selgas는 새로운 이사들이 Fr8Tech의 성장 이니셔티브에 귀중한 전문성과 관점을 가져올 것이라고 확신한다고 밝혔습니다.
Freight Technologies (FRGT) a annoncé des changements au sein de son Conseil d'Administration à compter du 14 février 2025. L'entreprise a nommé deux nouveaux administrateurs indépendants : Leilei Nie, un professionnel de la stratégie et de la gestion de projets d'entreprise avec plus de 17 ans d'expérience dans les services financiers et le fintech, et Andres Gonzalez, actuel PDG de Futura Reserva avec une vaste expérience dans le développement immobilier et la gestion des investissements.
Ces nominations font suite aux démissions de Paul Freudenthaler et William Samuels, Freudenthaler continuant à servir en tant que secrétaire du Conseil. Les démissions n'étaient pas dues à des différends avec l'entreprise ou le Conseil. Le PDG Javier Selgas a exprimé sa confiance quant au fait que les nouveaux administrateurs apporteront une expertise et des perspectives précieuses aux initiatives de croissance de Fr8Tech.
Freight Technologies (FRGT) hat Änderungen in seinem Vorstand zum 14. Februar 2025 angekündigt. Das Unternehmen hat zwei neue unabhängige Direktoren ernannt: Leilei Nie, ein Fachmann für Strategie und Projektmanagement mit über 17 Jahren Erfahrung im Finanzdienstleistungs- und Fintech-Bereich, und Andres Gonzalez, der aktuelle CEO von Futura Reserva mit umfangreicher Erfahrung in der Immobilienentwicklung und im Investmentmanagement.
Diese Ernennungen folgen den Rücktritten von Paul Freudenthaler und William Samuels, wobei Freudenthaler weiterhin als Sekretär des Vorstands tätig sein wird. Die Rücktritte waren nicht auf Streitigkeiten mit dem Unternehmen oder dem Vorstand zurückzuführen. CEO Javier Selgas äußerte das Vertrauen, dass die neuen Direktoren wertvolle Expertise und Perspektiven für die Wachstumsinitiativen von Fr8Tech mitbringen werden.
- Addition of two experienced directors with diverse expertise in fintech and real estate development
- Smooth transition with no disputes in Board changes
- Retention of Paul Freudenthaler as Board secretary maintaining continuity
- None.
HOUSTON, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, announced today that its board of directors (the “Board”) has approved the appointment of two new independent Board directors, Leilei Nie and Andres Gonzalez, effective February 14, 2025. These appointments follow the resignations of Paul Freudenthaler and William Samuels who recently notified the Board of their intentions to resign. Their resignations were not the result of any dispute or disagreement with either the Company or the Board. Mr. Freudenthaler will continue to serve as secretary of the Board.
CEO Javier Selgas, stated, “I am very pleased to welcome these two experienced directors to the Board, and am looking forward to working closely with them as the Company continues to focus on its next chapter of growth. Both Andres and Leilei are unique talents who will bring expertise and perspectives to the dynamic work we are doing at Fr8Tech.”
Mr. Selgas added, “I want to express sincere gratitude to both William and Paul for their numerous contributions and years of dedicated service to the Company during their tenures as the Board members, and we are grateful that Paul will continue to be engaged with the Company by serving as secretary of the Board. We certainly wish them both well in their future endeavors.”
Leilei Nie
Ms. Nie is a Strategy and Business Project Management professional with over 17 years of experience in financial services and fintech. She has been leading project management at X Star Technology, a leading non-bank car financing institution in Singapore since January 2025. Previously, Ms. Nie was a Senior Project Manager at Fidelity Fund Management (China) from May 2022 to June 2024 and a Senior Manager at Accenture from July 2021 to April 2022, focusing on financial services in Greater China. From December 2016 to June 2021, she served as Deputy Director in the Strategy and CEO Office at OneConnect Financial Technology, the fintech arm of Ping An Group in China. Her earlier roles include Strategy Manager at Commonwealth Bank of Australia (China) from January 2014 to December 2016 and Senior Associate at Z-Ben Advisors from June 2012 to December 2013, advising global asset managers on China market entry. Ms. Nie began her career in marketing roles at iFast Financial and Prudential Asset Management in Singapore from June 2005 to July 2010. Ms. Nie earned an MBA from China Europe Business School in April 2012 and a Bachelor's degree in Computing from the National University of Singapore in May 2005. Ms. Nie is a Singaporean citizen.
Andres Gonzalez
Since 2024, Mr. Gonzalez has served as the Chief Executive Officer of Futura Reserva, an investment management company focused on the development and investment of residential, mixed-use, industrial, and hospitality real estate projects in Mexico. Prior to joining Futura Reserva, Mr. Gonzalez served as Executive Vice President and Managing Director of Capital Natural (now CREO) from October 2014 to May 2024. In this role, his responsibilities included leading the development of large-scale projects such as Arboleda, Distrito Tec, Siendo, and Sofía 440 in Monterrey, and supervising the planning & development of more than one million square meters of master-planned communities, commercial spaces, office buildings, and residential properties. Additionally, Mr. Gonzalez was responsible for the creation and management of multiple business units, including Property Management, CoBE, and Commercial Services. From February 2013 to October 2014, Mr. Gonzalez had held senior management positions at Grupo MRP and Promologistics, where he was responsible for the oversight of infrastructure, shopping center, and logistics projects at a national level, he led asset portfolios valued at over
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech") is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company’s portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide and Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operators. Together, each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Fr8Tech’s and Fr8App Inc.’s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech’s and Fr8App Inc.’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech’s ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.’s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under “Risk Factors,” to be filed in Fr8Tech other filings with the Securities Exchange Commission.
Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
FAQ
Who are the new Board Directors appointed to Freight Technologies (FRGT) in February 2025?
What is Leilei Nie's background and experience before joining FRGT's Board?
What is Andres Gonzalez's professional experience prior to joining FRGT's Board?
Why did the previous FRGT Board members resign in February 2025?
