Freight Technologies, Inc. Announces Key Leadership Changes

Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech” and/or “Company”), a technology company whose custom developed Fr8App, an industry-leading, freight-matching platform powered by AI and machine-learning and offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, announces important changes to its executive team and board of directors.

Paul Freudenthaler, former Chief Financial Officer of Fr8Tech, has been appointed as a member of the board of directors of the Company effective January 19, 2024. This move reflects Fr8Tech’s commitment to promoting internal talent and recognizing the valuable contributions of its executives.

Fr8Tech expresses its gratitude for Mr. Freudenthaler’s exceptional leadership, dedication and strategic financial insights. The board of directors believes that his transition to being a member of the board will bring invaluable perspective and contribute to the continued success of Fr8Tech.

Simultaneously, Fr8Tech is thrilled to welcome Don Quinby as its new Chief Financial Officer. Mr. Quinby brings a wealth of experience and expertise in financial management, strategic planning and corporate finance. His proven track record in navigating dynamic business environments aligns seamlessly with Fr8Tech ‘s commitment to sustained growth and innovation. He most recently played key roles in FP&A and investor relations in the 2023 IPO of Nextracker, a leading company in the solar tracker industry.

Upon joining Fr8Tech, Mr. Quinby expressed his enthusiasm, stating, “I am very excited to be joining Fr8Tech. Javi and his team have built a world-class technology platform to optimize the supply chain process for brokers, carriers and shippers. I am honored and thrilled to be able to support the team through their future growth and success.”

Fr8Tech CEO Javier Selgas commented, “Don brings an excellent set of skills and insight relevant to the stage of growth of our company. I am very pleased with the new perspective we will get with Don and his incorporation into the executive team, from disciplined planning to sophisticated investor relations management.”

The entire Fr8Tech team looks forward to the positive impact these leadership changes will bring and is confident in the collective strength of the leadership team to guide the company through its next phase of growth.