In effect, White has used his 37% stake in the company to muscle his way back into control.

WiseTech Global on Wednesday appointed its founder Richard White as executive chairman, enablign the tycoon to take back control of the Australian freight-software company four months after quitting as CEO.

Australian logistics software maker WiseTech Global appointed Richard White as its executive chairman on Wednesday, even as the firm's board and investors remain split over the billionaire founder's role following a flurry of controversies.

His appointment follows the resignation of former chair Richard Dammery and 3 other non-executive directors in a battle for boardroom control.

The disruption at the company, one of the country’s most successful technology groups, has sent the share price tumbling.

Australia's corporate regulator said on Wednesday it had initiated a probe into WiseTech Global amid a tumultuous week that saw a mass exodus of executives as well as the surprise return of founder Richard White as chairman.

Australian logistics software maker WiseTech Global appointed former CEO Richard White as its executive chairman on Wednesday, even as the firm's board and investors remain split over the billionaire founder's role following a flurry of controversies.

The software maker also reported underlying net profit after tax of $112.1 million in the first half of fiscal 2025, a 34% jump from a year earlier, helped by strong growth in its flagship software CargoWise.