WiseTech Global (ASX:WTC) Announces Board Changes and Guidance Update
Board Changes
Four independent non-executive Directors, Lisa Brock, Richard Dammery, Michael Malone, and Fiona Pak-Poy, have resigned from the WiseTech Board due to differences over the role of Founder and CEO Richard White. Their resignations will take effect after the half-year financial report is signed and the results are released on 26 February 2025. Mike Gregg will join the Board on the same date, subject to customary background checks, and additional directors may be appointed in the future.
Update on Guidance
The Board expects revenue to be at the lower end of the previously announced range due to delays in the rollout of three breakthrough products. Conversely, the EBITDA margin is projected to be at the higher end of the range, driven by strong results from a company-wide efficiency program.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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