Freightos Announces Transition of CFO During Company Growth Phase

Freightos Limited's CFO Transition

Freightos Limited, the renowned vendor-neutral digital booking and payment platform for international freight, has officially announced the impending departure of its Chief Financial Officer (CFO), Ran Shalev. Effective December 31, 2024, Shalev will step down from his position to pursue new career opportunities. As the company undergoes this significant transition, it is actively searching for a suitable successor to fill the role.

Ran Shalev has played a crucial role at Freightos since joining as CFO in 2016. His tenure has been marked by a transformative period for the company, one that includes a successful public listing on Nasdaq, the execution of various strategic acquisitions, and notable growth in both revenue and transactional volume. Under his financial leadership, Freightos has evolved from an innovative startup into a global leader in the digital freight space.

In a statement about his departure, Zvi Schreiber, CEO of Freightos, emphasized Shalev's remarkable contributions to the company. "Ran has been an essential part of Freightos' evolution from a small, innovative startup to a global leader in digital freight," Schreiber stated. "His leadership has been instrumental in driving financial discipline and achieving key milestones, including executing and integrating strategic acquisitions that have expanded our capabilities and market reach."

Reflecting on his time at Freightos, Shalev expressed gratitude for the opportunity to be part of a company dedicated to digitalizing global freight operations. He stated, "It has been a privilege to contribute to Freightos' mission and to see the company’s incredible progress. I leave the company well-positioned for continued growth, with the financial resources to reach breakeven."

In light of upcoming changes, Shalev confirmed his commitment to supporting the organization during the transition period. He will actively assist with ongoing operations and ensure a seamless handover throughout the first quarter of the next year. "I have full confidence in the talented finance team to maintain smooth operations and continue providing timely and accurate financial reporting," he added.

Freightos operates as a vital hub for global trade, connecting various players in the logistics industry, including airlines, ocean carriers, freight forwarders, and importers/exporters. The platform offers a range of comprehensive software solutions designed to streamline tasks related to pricing, booking, shipment management, and payment for businesses of all sizes. Freightos stands out in its provision of real-time industry data and various pricing indexes, thereby reinforcing its role at the forefront of the digital freight movement.

Freightos Limited’s trajectory has been impressive, with its digital platform now viewed as a flagship entity within the freight booking sector. As the company navigates this transition period, the focus will remain on leveraging its robust infrastructure to enhance service delivery and further establish its market presence.

Looking ahead, Freightos holds promising prospects as it continues this journey of digital transformation. The transition of its CFO marks not just an internal change but an emblematic moment for the firm as it prepares for the challenges of a rapidly evolving industry landscape. As Freightos reaffirms its commitment to innovation and customer service, the future remains bright for this key player in the global freight sector.

For more details on Freightos, its services, and ongoing developments, visit their official website at freightos.com/investors.