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WiseTech Global (ASX:WTC) has crowned Zubin Appoo as its permanent chief executive after a lengthy internal and external search to find the company’s long-term helmsman throughout most of this year.
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Appoo replaces Andrew Cartledge, who has been running WiseTech in an interim role since Richard White became embroiled in lawsuits and controversy.
The company’s incoming CEO is a ‘back to the future’ type appointment; Appoo was previously at WiseTech between 2004 and 2018, most recently working as the head of innovation and technology before departing.
He was then at InLopp and more recently Find a Carer, but rejoined WiseTech in April.
White, who was in the role until stepping down in October, said this appointment was “imperative” as WiseTech steps into its next phase in the late 2020s. “It’s imperative we have a strong succession in place,” he said.
“The board, senior leadership team, and I personally look forward to working with Zubin to accelerate value creation for WiseTech holders, staff, and customers.”
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Bringing in a White ally for the top job makes sense: While Appoo will report directly to the board in his new role, White is still the executive chair and chief tech officer. He was handed those roles in February after originally being teed up for a more distant (though still full-time) consulting role post-drama.
WTC heads into Monday trade at $120.16 a share.
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