Reported about 1 month ago
WiseTech Global Ltd.'s shares rose by 13% following CEO Richard White's transition to a new role amidst allegations regarding his conduct with women. This change aims to alleviate the company's recent market slump, with White moving to focus on product and business development while retaining his role as an important asset to the firm. Major investors, including AustralianSuper, expressed support for this decision, considering it a step towards addressing uncertainties surrounding the firm's leadership.
Source: YAHOO