Richard White

Richard White, the co-founder and executive chair of Australian logistics software giant WiseTech Global, is stepping down after allegations he exploited a woman's immigration status and financial insecurity for sex. Shares of WiseTech are mentioned in the context of his resignation.

WiseTech shares increased by nearly $1bn following Richard White's resignation as executive chair amid a police investigation into allegations of exploiting a worker. White remains as a board director and chief innovation officer, with Raelene Murphy appointed as the new chair.