Highlights
- WiseTech appoints two new independent directors.
- Long-serving members Gibbon and Gregg set to depart.
- Board renewal follows early 2024 leadership shifts.
WiseTech Global (ASX:WTC) is making notable changes to its boardroom structure as part of a broader renewal strategy that began earlier in 2024. The ASX200-listed software company, known for its logistics and supply chain solutions, has confirmed the appointment of two new non-executive directors while announcing the retirement of two long-standing board members.
Effective 1 July, Sandra Hook and Rob Castaneda will join the board as independent non-executive directors, pending standard background checks. Hook brings decades of leadership experience from Australia’s media and education sectors, having served with News Limited, Foxtel, and Fairfax. She currently holds board roles with NextEd Group, ICE Group, auDA, and End Food Waste CRC.
Castaneda is the founder and CEO of ServiceRocket, a US-based tech platform services company, and adds an international and entrepreneurial perspective to the board’s composition.
These appointments follow an intense phase of leadership changes for WiseTech, highlighted by a mass resignation of four board members in February. This reshuffling stemmed from concerns around the continued executive involvement of company founder Richard White. In response, White returned to the board as Executive Chairman and subsequently entered into a fresh 10-year employment agreement in April.
As part of the ongoing transition, Charles Gibbon will step down from his role as non-executive director on 30 June. Gibbon has been with WiseTech since 2006 and played a pivotal role in its growth, serving as Chair for more than a decade. Michael Gregg will also retire from the board ahead of the company’s AGM in November. Gregg, who rejoined the board earlier this year, was among the early investors and had served for nearly two decades before his prior departure in 2022.
In addition to the new appointments, WiseTech previously named Chris Charlton and Andrew Harrison as non-executive directors in March, demonstrating a strategic effort to strengthen governance and oversight. Charlton, a former UPS executive, and Harrison, a former chair, both add further depth to the restructured board.
WiseTech indicated that it continues to interview potential candidates and aims to bring in additional independent non-executive directors by year-end. The company remains a key player among ASX200 stocks and continues to attract market attention amid its evolving leadership narrative.
This ongoing transformation underscores WiseTech's focus on aligning its leadership with the company’s long-term strategic vision.