Australia's WiseTech Global jumps on Richard White stepping down as chair
07/07/2026 01:45
BUZZ-Australia's WiseTech Global jumps on Richard White stepping down as chair ** Shares of WiseTech Global WTC.AX rise as much as 9.6% to A$38.75 in early trade, their highest since June 19
** Stock logs the largest intraday pct gain since June 24
** Logistics software maker says co-founder Richard White to step down from exec chairman position, also appoints lead independent director Raelene Murphy as independent chair
** Adds White remains on the board as an executive director, to continue as chief innovation officer
** Media articles in June reported White was being investigated over claims he exploited a woman's immigration status for sex and provided false information on a visa application
** Stock down 44% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)