WiseTech CEO Resigns Amid Scandal, Interim CEO Named

Richard White, CEO and founder of Australia's WiseTech Global, has resigned amid allegations of inappropriate behavior, including providing real estate to women he allegedly had affairs with. This decision follows a court settlement and a series of damaging media reports that have significantly impacted the company's reputation, leading to a 28% decline in share price over the month. White will transition to a long-term consulting role focused on product development, while CFO Andrew Cartledge will serve as interim CEO. The company's board has initiated an independent inquiry into the allegations, which have raised concerns about governance and corporate culture in the tech sector. Despite the scandal, WiseTech remains committed to its growth and development, with White expressing his dedication to the company. This situation highlights broader questions about accountability within the tech industry.