WiseTech Founder Admits Failure to Fully Disclose Personal Relationship

Wed 19 Mar 25, 12:59 AM | Team Kalkine

Highlights

Richard White, founder and executive chair of WiseTech Global (ASX WTC), has acknowledged that he failed to fully disclose details of his personal relationship to the board. A review conducted by external legal firms found his statements to be inaccurate, incomplete, and misleading.

In response to the findings, White has accepted the board’s conclusions and expressed his support for a stricter code of conduct. WiseTech Global made the announcement in a statement on Wednesday.

White, the largest shareholder of the logistics software giant, stepped down as chief executive last year following media reports alleging misconduct, including financial payments to a former sexual partner. However, in a surprising move, he later returned as executive chair, despite ongoing scrutiny over corporate governance.

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