Richard White Quits WiseTech Chair as Police Investigation Claims Send Shares Up 8%
Updated
Updated · Bloomberg · Jul 7
Richard White Quits WiseTech Chair as Police Investigation Claims Send Shares Up 8%
2 articles · Updated · Bloomberg · Jul 7
Summary
WiseTech shares jumped as much as 8% in early Sydney trading after the company said Richard White had stepped down as chair.
White resigned weeks after denying reports that police were investigating claims he used a woman's immigration status for sex and was involved in human trafficking.
The market reaction suggested investors welcomed the leadership change at the Australian software company as it confronts scrutiny tied to its billionaire founder.