Four WiseTech Global directors including the logistics software company’s chairman have resigned citing intractable differences with the rest of the board about the continuing role of billionaire founder Richard White amid a review into his conduct that was set to be released this week.
Investors and brokers are split about the departures, including that of WiseTech chairman Richard Dammery. Some applauded the exit of directors they perceive are trying to push out the businessman who expanded the company into a global giant in freight management.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
