Business & Investment

Aus Post agrees to pay Holgate $ 1 million

Former Australia Post Christine Holgate receives a $ 1 million severance allowance.

This announcement follows the mediation between Holgate and Australia Post before Hon on Friday, July 23. Peter Jacobson QC, a former judge of the Australian Federal Court.

The parties have reached a settlement with Australia Post and have agreed to pay Holgate $ 1,000,000 to be taxed as a dismissal payment.

Australia Post has also agreed to pay Holgate’s legal costs of $ 100,000.

To establish the issue so that both parties can proceed, Holgate has released Australia Post from all legal claims and Australia Post is paying without liability.

In a statement released today, Australia Post acknowledged the loss of a competent CEO after the events of the morning of October 22, 2020.

“Australia Post regrets the difficult situation surrounding Holgate’s resignation as CEO,” the statement said.

“Australia Post recognizes and appreciates Ms. Holgate for her outstanding contributions and strong leadership during her tenure as CEO of Australia Post.

“Australia Post hopes Ms. Holgate will do her best in her future efforts.”

Holgate was appointed Chief Executive Officer of Global Express following the sale of Thor’s division to the Allegro Group announced in May.

She resigned as CEO of Australia Post at the end of last year after it was revealed that she gave four staff a luxurious Cartier watch as a bonus to secure a favorable deal two years ago. I was forced to.

In April, Australia Post nominated Paul Graham, a former Chief Supply Chain Officer of the Woolworths Group, as follows: Holgate alternative..

Aus Post agrees to pay Holgate $ 1 million Aus Post agrees to pay Holgate $ 1 million

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