WiseTech Global on Wednesday appointed its founder Richard White as executive chairman, enablign the tycoon to take back control of the Australian freight-software company four months after quitting as CEO.

I’m here for the long haul.”Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesThe Trump Administration Takes Aim at Transportation ResearchNew York’s Congestion Pricing Plan Faces Another Legal ShowdownShelters Await Billions in Federal Money for Homelessness ProvidersWith those words,

Australian logistics software maker WiseTech Global appointed Richard White as its executive chairman on Wednesday, even as the firm's board and investors remain split over the billionaire founder's role following a flurry of controversies.

On one side was a group of independent directors with their reputations on the line. On the other, a powerful founder with everything to lose.

His appointment follows the resignation of former chair Richard Dammery and 3 other non-executive directors in a battle for boardroom control.

Australia's corporate regulator said on Wednesday it had initiated a probe into WiseTech Global amid a tumultuous week that saw a mass exodus of executives as well as the surprise return of founder Richard White as chairman.

The disruption at the company, one of the country’s most successful technology groups, has sent the share price tumbling.

Shares in WiseTech Global have plunged on news four board directors, including the chair, have quit due to a dispute about the ongoing role of founder, billionaire Richard White.

Australian logistics software maker WiseTech Global appointed former CEO Richard White as its executive chairman on Wednesday, even as the firm's board and investors remain split over the billionaire founder's role following a flurry of controversies.