Richard White, the embattled chief executive of WiseTech Global, has resigned after a string of reporting by this masthead into alleged inappropriate behaviour.
White said in a statement that he would resign, effective immediately, and “transition to a new role” after a short period of leave.
“It has been a challenging time for me personally, my family and close friends, and for the company that I have built and truly love,” he told investors.
“I want to assure all those who have supported WiseTech, as customers, colleagues and shareholders, that I remain absolutely committed to seeing this incredible organisation continue to thrive and grow in the coming years.
“I strongly believe that now is the right time for me to make this transition, and the board agrees. This new role will allow me to focus on product and business growth, to create even greater value for shareholders and customers over the long term.”
White will continue to be paid $1 million a year, as per his current remuneration agreement.
More to come.