Wisetech Global’s former CEO, Richard White, finally has a new job at the logistics software company he founded 30 years ago – executive chairman. The appointment follows the resignation of former chair Richard Dammery and three other non-executive directors, Lisa Brock, Michael Malone and Fiona Pak-Poy, on Monday in a battle for control of the… Read more »
Four independent non-executive directors (NED), on the WiseTech board, including chair Richard Dammery, have resigned and will depart from the company when its half-yearly results are released on Wednesday. The other NEDS stepping down are Lisa Brock, Michael Malone and Fiona Pak-Poy. Joining as a new director of the ASX-listed logistics software business is Shearwater… Read more »
WiseTech Global shares were placed in a trading halt on Thursday morning at the logistic company’s request amid undisclosed governance concerns. Trade is not expected to resume until at least Monday, February 24. An update on the review was expected when the company reports on Wednesday. “The trading halt is requested to enable the Company… Read more »
ASX-listed WiseTech Global’s billionaire founder Richard White has been subject to more two confidential complaints , from an employee and supplier, the company conceded on Monday following media reports of more allegations of inappropriate conduct. “These are being considered in the ongoing Board Review,” the logistics software company said in a statement to the market.… Read more »
Billionaire Richard White topped up his bank account in the December quarter, selling more than $440 million worth of shares in WiseTech, the logistics software company he founded 30 years ago. The sale represents less than 1.5% of his holding in WiseTech (ASX: WTC). White sold 3,564,742 shares across 31 days of on-market trading between… Read more »
WiseTech Global director and cofounder Maree Isaacs has sold her 8.17% stake in RealWise Holdings, the company that owns more than a third of ASX-listed logistics company (ASX: WTC), to the man she launched the business with 30 years ago, Richard White. White already owns the other 92% of RealWise Holdings, meaning he now owns… Read more »
WiseTech founder Richard White has stepped down as CEO of WiseTech Global, resigned from its board and also as a director of industry lobby group the TechCouncil of Australia. The billionaire fell on his sword late on Thursday afternoon following a fortnight of media reports about his private life, including legal action, settled on Monday,… Read more »
Multi-billionaire Richard White’s early career was famously rock n roll as a guitar technician for AC/DC, but over the past month his life story has become more Shakespearean, with a sprinkling of Streisand effect, that’s taken the WiseTech Global founder from the business section to front pages amid lurid details of his personal life. It… Read more »
Shares in logistics software company WiseTech Global are on a fresh tear today, setting new records following the company’s FY2024 annual results on Wednesday. Founder and CEO Richard White is already a billionaire thanks to the success of Sydney-based WiseTech, which the former AC/DC guitar technician launched in 1994 by writing code for Australian freight… Read more »
About this time four years ago, China-based analyst and short-seller J Capital took its third stab at ASX-listed WiseTech Global with a report headlined “WiseTech may be the first corporate death from Covid19”. This week the logistics software company (ASX:WTC) was very much alive and kicking with its share price hitting an all-time high, above $90,… Read more »
ASX-listed WiseTech Global is back in acquisitive mode, snapping up Melbourne shipping container marketplace MatchBox Exchange. While the cost of the acquisition was not disclosed WiseTech (ASX:WTC) announced it had issued 445,769 new shares, worth around $27.6 million, “to the vendors to part-fund the consideration in relation to the acquisition of MatchBox Exchange”. MatchBox Exchange… Read more »
ASX-listed WiseTech Global’s ongoing M&A spree continues with the US$414 million (A$602m) acquisition of US rail logistics company Blume Global. The deal comes just three weeks after Sydney-headquartered cargo software behemoth announced it was acquiring US logistics management software startup Envase for US$230 million (A$327m). WiseTech’s billionaire founder and CEO, Richard White, also snapped up… Read more »
ASX-listed shipping platform WiseTech Global has acquired yet another tech company, snapping up the US logistics management software startup Envase for US$230 million (A$327m). Founded in 2020, Envase Technologies supplies transport management system software for intermodal trucking and landside logistics in North America. The acquisition deal is with private investment firm Firmament, and several other… Read more »
ASX-listed logistics company WiseTech Global has pledged 1% of its annual pre-tax profit to tech education through Grok Academy as part of a five-year deal. The deal, which kicks off with an FY22 contribution of more than $2.5 million, will see K-12 students enhance their digital skill in the hope the experience will encourage more of… Read more »
Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »
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