Christine Holgate appointed CEO of parcel business Global Express
Ex-Australia Post boss Christine Holgate has been appointed chief executive of rival parcel business Global Express, one week after her non-compete period with the postal service expired.
A resolution to the months-long feud between Ms Holgate and Australia Post now appears in sight, with parties agreeing late last week to mediation to resolve their issues. Ms Holgate is seeking an apology from Australia Post, a finalisation of her contract and no financial compensation.
Christine Holgate has been named CEO of parcels businesses Global Express, a major rival to Australia Post.Credit:Simon Schluter
Ms Holgate, who will take up the position of chief executive officer in July, said she was “very excited” to be back working in the parcels business.
“I’m very passionate about trade and very passionate about e-commerce. This is a massive national infrastructure business and actually employs a lot of people in rural and regional Australia, which is another passion of mine. So very excited,” she said on Monday.
Ms Holgate’s appointment was announced as a Senate inquiry prepares to hand down the findings of its investigation into the circumstances surrounding her controversial exit from Australia Post last year. Its report is due next Monday.
Ms Holgate resigned from Australia Post on November 2, ten days after disclosing to a Senate estimates hearing that she had spent $20,000 on Cartier watches as bonuses for four senior employees for landing a major banking deal. Her contract had a six-month non-compete period, which expired on May 2.
Private equity firm Allegro Funds, which acquired Toll Global Express from Japan Post last month, announced Ms Holgate’s appointment on Monday morning. Global Express was Toll Group’s courier and express parcels division and responsible for its shipping operations. It employs more than 8,000 people in Australia and New Zealand and generates over A$3 billion in revenue.
Adrian Loader, a founding partner of Allegro Funds, who will chair the new company, described Ms Holgate as “an industry-leading CEO”.
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