New CEO for Australia Post
Christine Holgate will be Australia Post’s next Managing Director and Group CEO, succeeding Ahmed Fahour who will step down next month after seven-and-a-half years in the role. In a statement issued today (27 June), Australia Post said that Holgate will officially start in the position mid-to-late October 2017.
She joins Australia Post after a nine-year tenure as CEO of Blackmores and previous executive roles with Telstra, JP Morgan and Cable & Wireless.
Chairman John Stanhope commented: “Over the past seven years we have transformed Australia Post into Australia’s leading Parcels and eCommerce company and introduced critical reforms to the letters service. With Post now entering a new stage in our transformation, it’s the perfect time for Christine to take the helm.”
Stanhope added that Holgate’s knowledge of global eCommerce will be “invaluable” as the company builds on its “Asian Strategy”, which focuses on “offering logistics support to Australian businesses that are either selling in Asia, or sourcing their products there”.
In today’s statement, Australia Post said: “Holgate’s remuneration has been set at $1.375 million fixed annual total remuneration and the potential to earn incentive payments of up to $1.375 million, in accordance with the parameters set by the Commonwealth Remuneration Tribunal.”
The remuneration package offered to Fahour became the topic of some debate in Australia.
Australia Post’s Group Chief Customer Officer, Christine Corbett, will lead the business through the CEO transition period – between Fahour’s departure on 28 July and Holgate’s arrival in October.
