CEO of Australia Post suspended and under investigation

UK born Australia Post CEO Christine Holgate has been suspended from post after it emerged that the postal operator had spent around AUD $19,950 on Cartier watches as rewards for four senior managers in 2018.

Australia Post Chair, Lucio Di Bartolomeo released statement to say: “On 22 October 2020 Australia Post representatives appeared before the Senate Environment and Communications Legislation Committee in relation to Budget Estimates 2020-21.

“During that appearance, Australia Post’s Group Chief Executive Officer & Managing Director provided answers to questions relating to the purchase of four gifts for four Australia Post employees. Since the appearance, I have become aware of further details of the purchase and wish, as a matter of urgency, to clarify that the purchase was of four items costing $7,000, $4,750, $4,400 and $3,800 totalling $19,950 (including GST), and was made in November 2018.

“Australia Post will continue to participate transparently in Budget Estimates 2020-21 processes, including to review the proof Hansard transcript of evidence when it is made available and to respond to questions on notice, and will – as reflected in my public statement yesterday – also fully cooperate with the recently announced investigation to be conducted by shareholder departments.”