Australia Post has announced that ex Blackmores CEO Christine Holgate will be its new managing director and Group CEO, succeeding Ahmed Fahour who will step down next month following seven-and-a-half years in the role.
Christine Holgate will officially start her position at Australia Post mid-to-late October 2017, following the resignation of former CEO Ahmed Fahour in February this year. Holgate joins Australia Post after a successful nine-year tenure as CEO of Blackmores and previous executive roles with Telstra, JP Morgan and Cable & Wireless.
Australia Post undertook a thorough global search before choosing Holgate as the right candidate to lead the business through the next phase of its transformation program, according to chairman, John Stanhope.
“Over the past seven years we have transformed Australia Post into Australia’s leading Parcels and e-commerce 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 Stanhope.
Holgate has a demonstrated track-record of delivering results in large, complex organisations, both here in Australia and internationally, according to Australia Post.
“The Board was impressed by her experience of working very successfully in a range of different industries that are highly regulated. And, on top of that, she has a proven ability to implement strategy – and successfully grow a business in Asia.”
Australia Post says that Holgate’s knowledge of global e-commerce will be “invaluable as we pursue our Asian Strategy, which is all about offering logistics support to Australian businesses that are either selling in Asia, or sourcing their products there.”
“Christine’s business philosophy is also a perfect fit for Australia Post. She is a firm believer that businesses must perform commercially, but also serve the community. And that’s entirely consistent with our objectives as a community-based business that has both commercial objectives and community service standards to uphold,” said Stanhope.
Holgate said she felt privileged to be appointed as CEO of such an iconic Australian corporation and she looked forward to building on the achievements of her predecessors.
“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 e-commerce market – both here, in Australia, and in Asia.”
“I’m a passionate advocate for Australian business seizing the opportunity that’s on our doorstep in Asia and that creates opportunities for everyone – our workforce, our shareholder, the community, as well as businesses across Australia,” Holgate explained.
Ms 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 Australia Post Board today also announced that its Group Chief Customer Officer, Christine Corbett, will lead the business through the CEO transition period, between Mr Fahour’s departure on 28 July and Ms Holgate’s arrival in October 2017.
Corbett joined Australia Post in 1990 and has extensive experience working in key leadership roles across retail, mail network, major change, strategy, marketing and communications.
Ahmed Fahour publicised his well wishes for the new appointments yesterday afternoon, saying he’s pleased that Corbett will act as MD and Group CEO, “ensuring continuity and momentum are maintained, until Christine Holgate arrives at Australia Post in mid-to-late October.”
“I congratulate Christine Holgate on her appointment as the next Managing Director and Group CEO of Australia Post… As an advocate for diversity I leave Australia Post proud that five of the most senior roles in the business are now filled by women.”