Blackmores CEO Christine Holgate will be the new Managing Director and Group CEO of Australia Post, continuing the company’s transformation to a parcel and eCommerce company.
Holgate succeeds Ahmed Fahour who resigned in February following a public dispute over his $5.6 million salary after seven and half years in the top job.
Australia Post revealed Holgate’s pay up front: her remuneration has been set at $1.375 million annually and she can potentially earn additional incentive payments of up to $1.375 million.
Holgate will begin the role in mid-October. Australia Post veteran and CX boss Christine Corbett will lead the business through the CEO transition period – between Fahour’s departure on 28 July and Holgate’s arrival in October.
Holgate joins Australia Post after a nine-year tenure as CEO of Blackmores and previous executive roles with Telstra, JP Morgan and Cable & Wireless.
Chairman John Stanhope said Australia Post undertook a thorough global search before choosing Holgate to lead the business through the next phase of its transformation program.
“Over the past seven years we have transformed Australia Post into Australia’s leading parcels and eCommerce 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.
“Christine has a demonstrated track-record of delivering results in large, complex organisations, both here in Australia and internationally.”
Blackmore’s push into the Chinese market helped Holgate land the AusPost job. Australia Post has been working closely with Alibaba in Australia since 2014 to encourage cross border ecommerce. And in March, Alibaba, Blackmores and AusPost announced a partnership to build blockchain solution for the supply chain of food products.
“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,” Stanhope said.
“Her knowledge of global eCommerce 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.”
Holgate said she felt privileged to be appointed as CEO of such an iconic Australian corporation.
“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 eCommerce market – both here, in Australia, and in Asia,” Holgate said.
“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.”