WiseTech Global (ASX:WTC) said founder and Executive Chair Richard White entered into an employment agreement with the firm, setting out the terms of his employment as an executive chair and chief innovation officer, according to a Wednesday Australian bourse filing.
The term of White's appointment will be 10 years from Feb. 26, with an option to extend for a further five years by mutual agreement.
White advised the firm that the pre-programmed share trading plan he had in place for several years was paused before his return to the firm's board in February, and the trading plan will continue to be paused. Neither he nor his associated entities plan to trade in WiseTech shares until at least after the firm's full-year results are released in August.
In a separate bourse filing, the company said Zubin Appoo was appointed to the newly created role of chief of staff and deputy chief innovation officer, designed to facilitate more effective delegation and reporting pathways. Appoo will support White in his role and previously served as the chief executive at Find a Carer.
The firm said it progressed its search for a permanent CEO, and several candidates have been identified for the role.
WiseTech Global's shares rose almost 1% in recent trading on Wednesday.
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