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Pension fund AustralianSuper exits WiseTech Global over leadership transition

Pension fund AustralianSuper exits WiseTech Global over leadership transition

FILE PHOTO: Wisetech Global CEO Richard White speaks at the company's IPO launch in the Australian Stock Exchange in Sydney, April 11, 2016. REUTERS/Jason Reed/File Photo

AustralianSuper has sold its stake in WiseTech Global as the logistics software giant’s recent handling of founder Richard White’s transition did not meet its expectations, the country’s largest pension fund said on Wednesday.

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