News

Woolworths supply chain boss Paul Graham will be the next Australia Post CEO

Paul Graham, the supply chain boss at Woolworths, will become Australia Post CEO in September. The announcement comes just one day before his predecessor Christine Holgate will testify to a Senate Inquiry examining the circumstances surrounding her dismissal back in November. Australia Post is looking to put some distance between […]
Woolworths supply chain boss Paul Graham will be the next Australia Post CEO
News

Australia Post CEO Christine Holgate is standing down while the government investigates a $12,000 luxury watch splurge. Here’s how the company got to this point.

Australia Post CEO Christine Holgate has been stood down while a four-week investigation takes place. It comes after revelations that $12,000 of company money was spent on four luxury Cartier watches for employees. It’s the most recent of a long list of largesse scandals that have plagued the Commonwealth-owned business. […]
Australia Post CEO Christine Holgate is standing down while the government investigates a $12,000 luxury watch splurge. Here’s how the company got to this point.
News

Former Australia Post boss Ahmed Fahour has a new executive job

Former Australia Post CEO Ahmed Fahour is set to become executive chairman of packaging group, Pro Pac. According to the Sydney Morning Herald, he takes up the role on October 27. It is a step up from his non-executive chairman position at the business, which is 49% owned by Raphael […]
Former Australia Post boss Ahmed Fahour has a new executive job
Markets

Australia Post CEO Ahmed Fahour gets a $10.8 million goodbye

Ahmed Fahour, the Australia Post CEO who quit after his pay was criticised as excessive by prime minister Malcolm Turnbull, is departing with a payout of $10.8 million, boosted by bonuses. According to Australia Post’s annual report, Fahour was paid $6.79 million in 2017, including superannuation and a short term […]
Australia Post CEO Ahmed Fahour gets a $10.8 million goodbye
Markets

Parcels give Australia Post’s profit a huge lift

Australia Post’s rapidly growing parcel business has been great for the bottom line, with the government-owned entity announcing a before tax profit of $197 million for the six months to 31 December, 2016. The dramatic jump follows a full year profit of $36 million in FY16 and a $222 million […]
Parcels give Australia Post’s profit a huge lift