WiseTech Global (ASX:WTC) Updates Executive Chair Agreement and CEO Succession Plan
Founder and Executive Chair Agreement
WiseTech Global has entered into an employment agreement with Founder and Executive Chair Richard White. Mr White will serve as Executive Chair and Chief Innovation Officer for a 10-year term starting 26 February 2025, with an option to extend for five additional years. His annual compensation is set at $1 million AUD. A new role, Chief of Staff and Deputy Chief Innovation Officer, has been created to support Mr White in executing the company’s product development roadmap and growth opportunities.
Succession Planning and CEO Search Progress
The company is advancing its search for a permanent Chief Executive Officer, with several strong internal and external candidates identified. A shortlist is being finalized, and a CEO appointment is expected before the Annual General Meeting in November 2025. Interim CEO Andrew Cartledge may extend his role beyond his planned retirement at the end of 2025 to ensure a smooth transition.
Executive Comments
Founder and Executive Chair Richard White stated, “My return to employment at WiseTech as Executive Chair and Chief Innovation Officer reflects my long-term commitment to continuing WiseTech’s track record of delivering strong shareholder returns. I am focused on implementing WiseTech’s product-led innovation strategy and ensuring we have a strong succession plan in place to maintain our growth momentum. I am confident of WiseTech’s future growth prospects, our ability to execute our strategy and the strength of our high calibre senior leadership team.”
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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