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WiseTech Faces Leadership Crisis as Four Directors Resign Over Founder Richard White's Role

  • Four independent directors, including Chair Richard Dammery, resigned from WiseTech Global due to differing views on founder Richard White's behavior report, leading to uncertainty about his future with the company.
  • Richard White sold over $200 million in shares amid the turmoil, affecting WiseTech's share value, which plummeted 20% following the board exodus.
  • The Australian Securities and Investments Commission is investigating allegations against Richard White, including failure to disclose personal relationships at work.
  • Some investors have expressed support for Richard White, fearing pressure from the board and media influence.
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The Loadstar broke the news in on Thursday, February 20, 2025.
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