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Former Australia Post boss Christine Holgate will lead a rival parcel delivery firm, following her controversial exit from the publicly owned postal service.

Source : PortMac.News | Independent :

Source : PortMac.News | Independent | News Story:

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Ex-Post boss Christine Holgate to run rival Global Express
Former Australia Post boss Christine Holgate will lead a rival parcel delivery firm, following her controversial exit from the publicly owned postal service.

News Story Summary:

Ms Holgate has been appointed as the future chief executive of Global Express, which was part of Toll Holdings but is in the process of being sold to private equity firm Allegro Funds.

In 2015, Japan Post purchased Toll for $6.5 billion.

Last month, it sold Toll's Australian and New Zealand logistics and home delivery operations to Allegro for just $7.8 million — that unit will become Global Express.

"It is a new chapter and I'm really looking forward to it," Ms Holgate told the ABC’s Peter Ryan after her appointment.

"It has been a challenging six months, but there's a line in the sand now.

"There's a few things we need to do about the past, but now it's about looking forward and rebuilding."

Allegro said it had committed $500 million towards the business, which employs more than 8,000 people.

"With enviable assets, funding of $500 million obtained and now an industry-leading CEO announced, Global Express is putting in place all the ingredients required for long-term success,” Allegro partner Adrian Loader, who will chair Global Express, said.

'Those scars will make you a stronger person'

Ms Holgate has remained in the spotlight since leaving Australia Post last year.

She told a parliamentary inquiry she was unwillingly pushed out, after revelations she had given Cartier luxury watches to four executives in 2018 as a reward for securing a lucrative contract.

Last week, the Australia Post board agreed to enter mediation with Ms Holgate, but requested the terms and outcome of the process be made public.

It followed Ms Holgate announcing she would be weighing up her legal options following the release of a Senate inquiry report due on May 17.

Ms Holgate said mediation was continuing, but she hoped the situation would "Get resolved soon" so that everyone could "Heal and move forward". 

"I've always asked for an apology but I've never asked for more than what's in my contract," she said, adding that she could not disclose specifics.

Ms Holgate, who previously told the inquiry that she felt "humiliated" and "driven to despair", said she hoped the experience would ultimately make her a better leader.

"I don't know if you're ever over that," she said. "But what I would say is those scars will make you a stronger person."

As for her feelings towards Prime Minister Scott Morrison, Ms Holgate said her invitation from him to call and apologise remained open.

"Well, he can always call me and give me an apology and it would be warmly welcomed and accepted."

Story By | Stephanie Chalmers


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