Ferreira succeeds Motsick as CEO of Catapult

Former INTTRA and BCG xChange executive Virgil Ferreira has been named the new chief executive officer of freight rate management software provider Catapult International as part of a planned succession.    Freight rate management software provider Catapult International has named Virgil Ferreira as its new chief executive officer, the company said Friday.
   Ferreira has served as Catapult’s vice president of business development since joining the company in December. He replaces Matt Motsick in a planned succession, having worked closely with Motisck during that period.
   Motsick co-founded Kansas City-based Catapult in 2007 to help freight forwarders better manage the primarily manual rate and contract management processes that abounded a decade ago.
   In that time, Catapult has grown as a force in the rate management software market, capturing 30 percent of the top 20 global freight forwarder market with tools to help them quote more quickly and accurately.
   Catapult was acquired by Dubai-based Mercator in mid-2015, but has been given space by its parent company to run as a separate entity.
   Ferreira’s previous experience includes roles with the ocean freight booking platform INTTRA and BCG xChange, a container interchange solution.
   “He will bring a fresh perspective into Catapult from the industry knowledge he has absorbed for the last 15 years,” Motsick said in a statement.