Zubin Appoo: WiseTech announces new chief executive, replacing billionaire co-founder Richard White
WiseTech Global on Monday named Zubin Appoo as its next chief executive, succeeding interim boss Andrew Cartledge, who is retiring at the end of the year.
Mr Appoo was a senior executive at the cloud logistics platform from 2004 and 2018, and the company said he had a foundational role in its rapid growth during that time.
He returned to WiseTech in April as its chief of staff and deputy chief innovation officer, with his new role starting immediately.
WiseTech lead independent director Andrew Harrison said the board had sought to hire someone who could 'seamlessly partner' with co-founder and executive chairman Richard White, who owns a 36.3 per cent stake in the $40 billion company, while also operating independently and decisively as CEO.
Four members of WiseTech's board quit in February, citing 'intractable differences' about the ongoing role of Mr White in the company he founded three decades ago.
Mr White stepped down as WiseTech's CEO in October, as the board hired two law firms to review 'specific issues raised in recent media coverage', including about his personal life.
A company-ordered review cleared Mr White in November of various allegations including bullying, misuse of company funds and failing to disclose close personal relationships to the board.
Mr Appoo said he was looking forward to working with the board, WiseTech's senior leadership team including Mr White, and the wider WiseTech family.
'I am a strong believer in WiseTech, and have been a shareholder since 2005,' he said.
'I've been a part of, and witnessed, the immense impact WiseTech continues to have on the global logistics industry since its inception more than 30 years ago.'
WiseTech's cloud-based platform, CargoWise, is used by freight companies including DHL to manage shipments around the globe.
Mr Appoo will be paid a base annual salary of $700,000, with the opportunity to make up to $1.05 million more in bonuses in the form of share rights.
Since leaving WiseTech in 2018, Mr Appoo has been the chief technology officer at InLoop, Flexischools and HICAPS, and held the title of CEO at Find a Carer.
His LinkedIn profile describes him as a 'software geek' and 'passionate problem solver'.
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