WiseTech Global Limited (ASX:WTC) Announces New Board Appointments
Board Composition
WiseTech Global Limited has appointed Richard White as Executive Chairman and Mike Gregg as Lead Independent Director. Richard White will oversee succession planning and lead the company’s product development and growth strategy. Mike Gregg will handle governance matters and lead the Board in the ongoing Board Review.
Committee Changes
The People & Remuneration Committee now comprises Charles Gibbon and Mike Gregg. Due to the resignation of four directors, the company does not currently meet ASX Listing Rules for the Audit and Risk Committee, which requires at least three non-executive directors. WiseTech Global plans to appoint additional independent directors within four weeks.
Future Plans
As part of the Board renewal process, WiseTech Global will commence a shareholder engagement process to determine the desired skillset for the future Board composition. An update on the Board Review report is expected in mid to late March.
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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