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WiseTech shares jump after CEO Richard White decision to step down post scandals

4 weeks ago

Less than a minute

2024.10.24 19:25

© Reuters. FILE PHOTO: Wisetech Global CEO Richard White speaks at the company's IPO launch in the Australian Stock Exchange in Sydney, April 11, 2016. REUTERS/Jason Reed/File Photo

(Reuters) – Shares of WiseTech Global sky-rocketed on Friday after its billionaire founder and CEO Richard White stepped down but decided to stay at the firm in a consulting role after a series of damaging allegations about his personal life.

The Australian tech firm’s stock gained as much as 22.1% to A$121.33, set for its strongest trading session since August 2021.

4 weeks ago

Less than a minute

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