Joint Release with Minister for Finance - Australia Post Managing Director
27 June 2017
The Turnbull Government
welcomes the appointment of Ms Christine Holgate as the new Managing Director
and Group Chief Executive Officer (CEO) of Australia Post.
Ms Holgate is a highly
experienced chief executive, board director and business leader, with a strong
record of managing and leading large and complex organisations. She has been
CEO of Blackmores, a world leading Australian manufacturer and distributor of
health products, since 2008. Ms Holgate also has extensive experience working
closely with governments in regulated sectors including finance,
telecommunications, media and healthcare. In 2015, she was named CEO of the
Year by the CEO Institute.
Ms Holgate will commence in
the role in October 2017. Ms Christine Corbett, currently the Group Chief
Customer Officer of Australia Post, will act as interim Managing Director from
the departure of Mr Ahmed Fahour AO on 28 July 2017 until Ms Holgate takes up her
Following direction by
Government in February 2017, the remuneration of the Managing Director and
Group CEO is now subject to oversight by the Remuneration Tribunal, an
independent statutory authority. Consistent with the parameters set by the
Remuneration Tribunal, the Australia Post board has agreed to a total
remuneration of $1.375 million and performance pay of up to $1.375 million
The Ministers congratulate
Ms Holgate and Ms Corbett on their appointments, and wish them well for
steering Australia Post through a critical period for the business.
The Ministers also thank Mr
Fahour, who steps down as Managing Director and Group CEO on 28 July 2017,
for his leadership and oversight in guiding Australia Post since 2010.