WiseTech Global’s big investors say they expect the software giant’s founder Richard White to make way for a new chief executive over a reasonable timeframe even as an independent shareholder sentiment survey revealed widespread support for the billionaire executive chairman.
The results of the investor discussions were made public at the same time as WiseTech said it would appoint its former chairman as its lead independent director to ensure the company was not in breach of ASX rules and to soothe concerns among shareholders about a lack of board oversight.
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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
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
