Freightos founder takes board fight to shareholder vote
Freightos’ board has agreed to put founder Zvi Schreiber’s proposals to a vote at its December annual meeting, escalating a dispute over the company’s focus on software over its booking platform. Schreiber, who resigned from the board in February, says the strategy is failing as AI threatens software products. The post Freightos founder takes board fight to shareholder vote appeared first on…
Zvi Schreiber, founder of Freightos, is challenging the company's leadership and proposing changes to its board structure for the upcoming shareholder vote at the annual general meeting in December. Schreiber has submitted three resolutions: to remove Chairman Udo Lange as a director, require annual director elections, and recommend appointing a chairman with experience in scaling technology companies.
Freightos, based in the Cayman Islands, currently has directors serving three-year terms with staggered elections. Schreiber argues that these changes are necessary to hold the board accountable for the company's underperformance, citing the gap between Freightos' share price and the broader market. He also believes that annual elections would make the board more accountable to shareholders.
Schreiber resigned as CEO in January 2026 but remains a roughly 6% shareholder. The dispute stems from contrasting financial performance between Freightos' digital freight-booking platform and its Solutions business, which sells software and data products. Schreiber advocates for focusing more on the platform, which he believes offers greater long-term potential, particularly in the face of AI advancements that could undermine traditional software products.
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