
WiseTech founder Richard White steps down as chair
- WiseTech Global founder Richard White has stepped down as executive chairman following ongoing media allegations.
- The company's shares rose more than 4% to $36.83 in morning trade following the announcement.
- White will remain on the board as an executive director and chief innovation officer to focus on product development.
Richard White has stepped down as the executive chairman of WiseTech Global (ASX:WTC) after a series of personal media allegations.
White previously stepped down as chief executive in October 2024 before returning as executive chairman in February 2025 following a director exodus.
“Recent personal media attention is creating an unnecessary distraction from the strength of WiseTech’s business,” said WiseTech Global Executive Director Richard White.
Independent non-executive director Raelene Murphy assumed the role of chair with immediate effect, while White will remain on the board as an executive director and chief innovation officer.
Following the announcement, the WiseTech Global share price was up at $36.83.
The leadership change follows a prior board review that found White had made misleading representations about close personal relationships with two employees.
The company stated that the board and its advisers will continue to monitor and consider any further developments on matters reported in the media.