WiseTech co-founder Richard White steps down as chair, but keeps his board seat

WiseTech Global co-founder Richard White has stepped down as executive chair effective immediately, amid an Australian Federal Police investigation into personal allegations. He retains his board seat as executive director and chief innovation officer. Raelene Murphy, previously lead independent director, takes over as independent chair. Shares rose as much as 10.6% on the news, with investors viewing the change as a governance improvement. This follows a pattern: White previously stepped down as CEO in late 2024 over separate misconduct allegations, then returned as executive chairman in early 2026. WiseTech's flagship CargoWise platform serves major logistics players including FedEx, UPS, and DHL.

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