- Richard White steps down as CEO of WiseTech
- The announcement comes after a legal dispute with his lover.
Richard White will step down as global CEO of WiseTech.
The announcement comes after White settled her legal dispute with a beauty businessman who claimed the $13.1 million mansion he bought when they were lovers was intended for her.
WiseTech’s board said they had agreed for him to step down along with chief financial officer Andrew Cartledge to take on the role of interim chief executive.
White, who led the software company he founded for 30 years, will take on a new role as founder and founding CEO with a 10-year term and an option to extend for an additional five years.
“It has been a challenging time for me personally, my family and close friends, and for the company I have built and truly love,” Mr. White said.
“I want to reassure all those who have supported WiseTech, as customers, colleagues and shareholders, that I remain absolutely committed to seeing this incredible organization continue to thrive and grow in the years to come.”
Shares in White’s company, WiseTech Global, plummeted as he battled Linda Rogan in Federal Court, and $6 billion was wiped off the company’s market value on Monday over fears of lawsuits against it.
The adverse publicity about Mr. White led WiseTech’s board of directors to review “the full range of matters” in recent media reports, while “seeking more information and seeking outside advice.”
Richard White to step down as CEO of WiseTech
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