US Presidential debate live updates: Trump V Biden reaction,... Eddie McGuire explodes over Australia Post boss Christine Ho... Gladys Berejiklian aide: Stronger Communities Fund grant doc... Australia Post boss Christine Holgate paid $100K salary on f... Find out more about our policy and your choices, including how to opt-out. “It was a recommendation from our Chair that these people get rewarded.”. The former British business executive marks the third anniversary of her appointment on October 30, 2017. Australia Post chief executive Christine Holgate during Senate estimates in Canberra. Nationwide News Pty Limited Copyright © 2020. In the past few months, Australia Post has had to respond to a new world with all new demands. The NDIA’s previous CEO Robert De Luca, who was replaced yesterday by Martin Hoffman, had a base salary of $566,000, higher than the Prime Minister’s $538,000. The bombshell statement follows a meeting of the Australia Post board on Friday after Ms Holgate stood aside as CEO and the Prime Minister warned if she did not wish to do so “she should go.”. During this time, Rodney Boys, Chief Financial … Australia Post boss will be suspended on $110,000 a month while she's investigated for her lavish $12,000 Cartier watches. Picture: NCA NewsWire / Gary RamageSource:News Corp Australia. In light of the expected more than 50 per cent growth in parcel delivery it will be the most challenging period in the history of the organisation. We also thank our staff for their ongoing commitment to the organisation. Ms Holgate again reinforced that former chair Jon Stanhope approved the Cartier watches in a second exchange. “I have not used taxpayers’ money. We thank them for their ongoing support and understanding. Embattled Australia Post CEO Christine Holgate’s claim that a gift of four Cartier watches was approved by her chairman has been demolished by the organisation’s board in a bombshell statement. Christine Holgate is well-known as the former CEO of Australia Post. They were organised through my office on behalf of the Chair and I.”, Australia Post chief executive Christine Holgate wearing a $48,000 watch at the Senate estimates in Canberra. “They were a Cartier watch of about a value of $3,000 each,’’ she said. “The Board is acutely aware of community and shareholder feedback over the last 24 hours,’’ Australia Post Chair, Lucio Di Bartolomeo said. During this time, Rodney Boys, Chief Financial … This morning the Board tasked Acting CEO and CFO Rodney Boys with ensuring those plans are implemented in full,’’ the statement said. We do not receive government funding. “The Board was further advised today that these papers and minutes do not record any subsequent reference to the purchase.”. Why did she step down? "Group CEO and Managing Director Christine Holgate will stand aside during the investigation. Australia Post CEO Christine Holgate has been stood down while a four-week investigation takes place. Why did she step down? It suggests that while some discussion of a “reward” for executives may have been occurred, that the idea to buy the Cartier watches was Ms Holgate’s decision.
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