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Australia’s WiseTech co-founder Richard White steps down as executive chair
Raelene Murphy takes over as independent chair as the company seeks more board changes and succession planning after shares fell nearly 70% since late 2024.
- On Tuesday, WiseTech Global announced co-founder Richard White is stepping down as executive chair, effective immediately, with Independent Director Raelene Murphy appointed as the new independent chair.
- White cited media attention as an "unnecessary distraction from the strength of WiseTech's business," while continuing to "strenuously and unequivocally" deny recent allegations; shares remain about 66 per cent lower than 12 months ago.
- Despite leadership changes, the company reported strong 1H26 financials: revenue increased 76% to US$672 million, EBITDA rose 31% to US$252.1 million, although statutory net profit fell 36% to US$68.1 million.
- White will remain on the board as an executive director and Chief Innovation Officer, while WiseTech continues searching for an additional independent director to bring the total to 5.
- CEO Zubin Appoo, appointed in July 2025, continues leading the firm through a "deliberate AI transformation journey," though RBC Capital Markets analysts noted the market requires evidence the refreshed board operates independently.
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WiseTech co-founder Richard White steps down as chair, but keeps his board seat
Richard White, the billionaire co-founder of WiseTech Global, has stepped down as executive chair of the Australian logistics-software company, effective immediately, capping a fortnight of intensifying scrutiny. He is not, however, leaving the building. White will stay on the ASX-listed group’s board as an executive director and keep his role as chief innovation officer, WiseTech said in a statement to the […] This story continues at The Next W…
·Amsterdam, Netherlands (Kingdom of the)
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WiseTech Shares Jump After Billionaire White Steps Down as Chair
Billionaire Richard White has stepped down as chair of WiseTech Global Ltd., just weeks after denying he was involved in human trafficking amid reports he was being investigated by police over claims he used a woman’s immigration status for sex.
·New York, United States
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·New York, United States
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Coverage Details
Total News Sources23
Leaning Left6Leaning Right4Center6Last UpdatedBias Distribution38% Left, 37% Center
Bias Distribution
- 38% of the sources lean Left, 37% of the sources are Center
38% Left
L 38%
C 37%
R 25%
Factuality
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