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The Guardian - AU
The Guardian - AU
National
Ben Doherty

WiseTech Global billionaire CEO Richard White steps down as company rocked by allegations of secret affairs

Richard White Wisetech Wisetech Global Fortune Nine Sydney
WiseTech Global CEO Richard White
WiseTech Global CEO Richard White has stood down after revelations about his private life emerged. Photograph: Bianca de Marchi/AAP

Richard White, the embattled founder, chief executive and major shareholder of Australian tech giant WiseTech, has stood down from the company “with immediate effect” after weeks of damaging revelations about his personal life hammering the company’s reputation and share price.

In a Thursday statement to the Australian Stock Exchange, WiseTech’s board said it agreed to White’s request to leave the company he founded in his basement in 1994 and turned into a $36bn global logistics software behemoth.

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