WiseTech founder Richard White to stand down as CEO of global tech company amid allegations

  • 📰 7NewsMelbourne
  • ⏱ Reading Time:
  • 25 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 59%

News News

Business,Technology,Business

7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.

Under-fire WiseTech Global chief executive Richard White has bowed to pressure and will stand down from the company he co-founded amid a flurry of allegations that have dragged the software technology company’s share price through the mud. In a statement to the Australian Securities Exchange late on Thursday afternoon simply tilted “Key Business Update”, WiseTech said the board had agreed — following Mr White’s request — that he will stand down as a director and as CEO with immediate effect.

Wisetech shares plunged more than 13 per cent on Monday as detailed media reports drew links between Mr White’s Federal Court legal battle with Sydney beautician Linda Rogan and another alleged affair that was subject to a WiseTech board probe in 2020. It was also alleged he had signed at least two non-disclosure agreements with former lovers. Ms Rogan applied last month to overturn a bankruptcy notice that Mr White served on her in August demanding she repay him $91,0000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 18. in BUSİNESS

Business Business Latest News, Business Business Headlines