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Australia Post Gets New CEO

Blackmores CEO Christine Holgate has been announced as the new CEO of Australia Post.

Holgate, who has spent nine years as the CEO of Blackmores and has held executive roles at Telstra, JP Morgan and Cable & Wireless, will replace existing CEO Ahmed Fahour from mid-to-late October.

Fahour announced in February that he would be resigning from the company and will be stepping down on July 28 after seven-and-a-half years. Fahour’s resignation followed a Senate committee revealing his salary of $5.6 million for last year.

Australia Post said that Holgate will receive a $1.375 million base salary, with a potential bonus of up to an additional $1.375 million “in accordance with the parameters set by the Commonwealth Remuneration Tribunal”.

“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,” said Australia Post chairman John Stanhope.

As a “passionate advocate for Australian business seizing the opportunity that’s on our doorstep”, Holgate said she was looking forward to joining the Australia Post team.

“Australia Post has proven itself to be one of the most resilient and successful postal businesses anywhere in the world. I feel fortunate to be joining at a time when we can really strengthen Post’s leading position in the eCommerce market – both here, in Australia, and in Asia,” Holgate said.

Group chief customer officer Christine Corbett will lead Australia Post through the CEO transition period.

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