Wisetech's Chair Change is a Positive Step

Dow Jones

07/07

0138 GMT - WiseTech Global's replacement of Richard White as board chair is seen at RBC as no more than a step toward addressing alleged governance concerns at the logistics-software provider. Analyst Jackson Lee tells clients in a note that the elevation of Raelene Murphy to independent chair is positive, but warns that the market is likely to want ongoing evidence that the board, CEO Rubin Appoo and White are operating independently. Cofounder and major shareholder White is still an executive director and chief innovation officer. RBC has a last-published outperform rating on the stock and a target price of 70.00 Australian dollars. Shares are up 9.8% at A$38.83. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 06, 2026 21:38 ET (01:38 GMT)

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Analyst Jackson Lee tells clients in a note that the elevation of Raelene Murphy to independent chair is positive, but warns that the market is likely to want ongoing evidence that the board, CEO Rubin Appoo and White are operating independently. Cofounder and major shareholder White is still an executive director and chief innovation officer. RBC has a last-published outperform rating on the stock and a target price of 70.00 Australian dollars. Shares are up 9.8% at A$38.83. 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Analyst Jackson Lee tells clients in a note that the elevation of Raelene Murphy to independent chair is positive, but warns that the market is likely to want ongoing evidence that the board, CEO Rubin Appoo and White are operating independently. Cofounder and major shareholder White is still an executive director and chief innovation officer. RBC has a last-published outperform rating on the stock and a target price of 70.00 Australian dollars. Shares are up 9.8% at A$38.83. 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