Chanticleer
WiseTech’s Richard White ‘fix’ just creates another problem
Given White still has CEO in his title, it’s hard not to be sceptical this fix provides the appearance of punishment for White, but shifts him into a role where his influence is just as great.
WiseTech founder Richard White and chairman Richard Dammery must be dizzy, because the amount of spin contained in the announcement of White’s decision to stand down as chief executive is breathtaking.
After weeks of salacious revelations about White’s relationships with women, Dammery announced late on Thursday that White would step down as a director and CEO, take a short break and transition to a role that will be called “founder and founding CEO”.
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