Pension fund AustralianSuper exits WiseTech Global as leadership transition disappoints
The fund no longer held an active shareholding in WiseTech, it said, having sold about A$580 million ($366.2 million) worth of stock to close its 1.9% position over the past couple of weeks. White, the biggest shareholder of the logistics software maker, had stepped down as its chief executive in October 2024 following media reports of allegations about his personal life, including payments to a past sexual partner. The firm's finance chief, Andrew Cartledge, was named interim CEO to replace White.