WiseTech’s scandal-plagued founder Richard White steps down as chair
Richard White says he ‘strenuously and unequivocally’ denies allegations against him as ‘personal attacks’ by the media, which are creating an unnecessary distraction for the business.
WiseTech Global’s scandal-plagued billionaire executive chairman Richard White has stepped down, saying he “strenuously and unequivocally” denies allegations against him aired in the media as “personal attacks”.
Mr White stepped down as WiseTech’s chief executive in October 2024 after lurid allegations about his private life emerged, But he retook the helm as executive chairman in February 2025 after a director exodus.
It was reported last month that he was being investigated by police over claims he coerced a Brazilian woman into sex as she sought an Australian visa.
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“Recent personal media attention is creating an unnecessary distraction from the strength of WiseTech’s business,” Mr White said.
“As I have stated previously, I strenuously and unequivocally deny the recent allegations in the media.
“Further, I am conscious that personal attacks on me in the media that are unconnected to the performance of the company nevertheless have the potential to encourage short selling activity.”
WiseTech shares were up more than 4 per cent at $36.83 in morning trade after sinking to $28.76 after the latest allegations emerged in June.
Mr White will remain on the board as an executive director and will continue in his key role as chief innovation officer, WiseTech told the market.
More to come...
