FOUR board members have resigned from their roles at Australian logistics software firm WiseTech - owner of the CargoWise forwarding platform - over the future role of founder Richard White.
In a statement to the Australian Securities Exchange (ASX), the company confirmed that four of six board members had decided it was in the best interests of the company to stand aside.
This followed intractable differences in the board and differing views around the ongoing role of the founder and founding chief executive Richard White.
Their resignation took effect after the signing of the half-year financial report and release of half-year results to ASX on February 26.
The board members that have resigned are Lisa Brock, Richard Dammery, Michael Malone and Fiona Pak-Poy, according to London's Air Cargo News.
The company's share dropped more than 20 per cent following the announcement, although some commentators have suggested the decision will end board level differences and allow the company to focus on its future development.
Back in October when billionaire Mr White was chief executive, the company announced he would leave the role and move to a consultancy position following allegations about his work and personal life.
The company has already got to work on appointing new board members, with an announcement that Mike Gregg will be appointed to the board following background checks.
SeaNews Turkey
In a statement to the Australian Securities Exchange (ASX), the company confirmed that four of six board members had decided it was in the best interests of the company to stand aside.
This followed intractable differences in the board and differing views around the ongoing role of the founder and founding chief executive Richard White.
Their resignation took effect after the signing of the half-year financial report and release of half-year results to ASX on February 26.
The board members that have resigned are Lisa Brock, Richard Dammery, Michael Malone and Fiona Pak-Poy, according to London's Air Cargo News.
The company's share dropped more than 20 per cent following the announcement, although some commentators have suggested the decision will end board level differences and allow the company to focus on its future development.
Back in October when billionaire Mr White was chief executive, the company announced he would leave the role and move to a consultancy position following allegations about his work and personal life.
The company has already got to work on appointing new board members, with an announcement that Mike Gregg will be appointed to the board following background checks.
SeaNews Turkey
