WiseTech Global founder Richard White is stepping down as the company’s executive chairman, multiple outlets report. White says the decision follows recent personal media attention and that allegations about his personal life are “unnecessary” and a distraction from the business. Several reports note that the announcement comes as WiseTech’s share price has been under pressure in recent weeks.
Bloomberg adds that the timing follows widespread reporting of serious allegations, including claims that White was involved in human trafficking and allegations that police were investigating reports involving use of a woman’s immigration status for sex. Other outlets reference repeated allegations about White’s personal life and say he “strenuously and unequivocally” denies them.
Despite stepping down from the chair role, outlets agree that White will remain involved with the company. The reporting is based on White’s statements and the company’s disclosures, with the allegations described as unproven claims in the media that he denies.
