--- title: "WiseTech co-founder Richard White steps down as chair, but keeps his board seat" url: https://daily.dev/posts/wisetech-co-founder-richard-white-steps-down-as-chair-but-keeps-his-board-seat-u0sd7jesy source_url: https://thenextweb.com/news/wisetech-richard-white-steps-down-chair type: article source: "The Next Web" published: 2026-07-07T10:52:40.641Z updated: 2026-07-07T10:52:57.991Z reading_time: 4 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # WiseTech co-founder Richard White steps down as chair, but keeps his board seat **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary WiseTech Global co-founder Richard White has stepped down as executive chair effective immediately, amid an Australian Federal Police investigation into personal allegations. He retains his board seat as executive director and chief innovation officer. Raelene Murphy, previously lead independent director, takes over as independent chair. Shares rose as much as 10.6% on the news, with investors viewing the change as a governance improvement. This follows a pattern: White previously stepped down as CEO in late 2024 over separate misconduct allegations, then returned as executive chairman in early 2026. WiseTech's flagship CargoWise platform serves major logistics players including FedEx, UPS, and DHL. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Wise debuts on Nasdaq as London fintech applies for US banking charter and Federal Reserve master account](https://daily.dev/posts/wise-debuts-on-nasdaq-as-london-fintech-applies-for-us-banking-charter-and-federal-reserve-master-ac-tbfvijv6f) · The Next Web · 0 upvotes · 0 comments - [Wise shares tumble after US regulator rejects its trust bank charter bid](https://daily.dev/posts/wise-shares-tumble-after-us-regulator-rejects-its-trust-bank-charter-bid-txqxlkyy9) · The Next Web · 0 upvotes · 0 comments - [Workday CEO Eschenbach departs, with co-founder Aneel Bhusri returning as CEO](https://daily.dev/posts/workday-ceo-eschenbach-departs-with-co-founder-aneel-bhusri-returning-as-ceo-dltzbsmsi) · TechCrunch · 1 upvotes · 0 comments - [Redwood Materials loses COO amid layoffs, restructuring](https://daily.dev/posts/redwood-materials-loses-coo-amid-layoffs-restructuring-oa3nvkxpb) · TechCrunch · 0 upvotes · 0 comments --- [View this post on daily.dev](https://daily.dev/posts/wisetech-co-founder-richard-white-steps-down-as-chair-but-keeps-his-board-seat-u0sd7jesy)