Market Alert: Strong Breakout Setup Emerging in ASX 200 Utilities Sector
WiseTech Global Limited (ASX: WTC) has formalized a long-term employment agreement with its Founder and Executive Chair, Richard White, appointing him as Executive Chair and Chief Innovation Officer. The 10-year deal, effective from 26 February 2025, reinforces White’s commitment to driving the company’s product roadmap, innovation strategy, and long-term growth initiatives, with an optional five-year extension. His annual remuneration remains unchanged at AU$1 million, consistent since 2015. In this enhanced role, White will focus on product innovation, commercialization, M&A-driven growth, and succession planning. To support him, a Chief of Staff and Deputy Chief Innovation Officer role has been introduced to improve operational execution. WiseTech also confirmed progress in its CEO succession process with a shortlist of strong internal and external candidates. A permanent CEO appointment is expected before the November 2025 AGM.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.