Richard White steps down as WiseTech CEO after he was embroiled in a series of shocking sex scandal allegations

Richard White will step down as CEO of WiseTech Global.

The announcement comes after Mr White settled his legal dispute with a beauty entrepreneur who claimed the $13.1 million mansion he bought when they were lovers was meant for her.

WiseTech’s board said they had agreed for him to step down along with chief financial officer Andrew Cartledge to take on the role of interim CEO.

Mr. White, who headed the software company he founded for 30 years, will take on a new role as founder and founding CEO with a 10-year term and an option to extend for another five years with the same annual salary of $1 million.

“It has been a challenging time for me personally, my family and close friends, and for the business I have built and truly love,” Mr White said.

“I want to assure everyone who has supported WiseTech, as customers, colleagues and shareholders, that I remain absolutely committed to seeing this incredible organization continue to thrive and grow in the years to come.”

Shares in White’s company WiseTech Global plummeted as he battled Linda Rogan in the Federal Court, with $6 billion wiped off the company’s market value on Monday over fears of claims against him.

Negative publicity about Mr White prompted WiseTech’s board to review “the full range of matters” in recent media reports while “further information was sought and external advice sought.”

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