We thank them for their ongoing support and understanding. Australia Post CEO Christine Holgate has been stood down while a four-week investigation takes place. "Group CEO and Managing Director Christine Holgate will stand aside during the investigation.
She had been serving there since October 30, 2017, and now, she has stepped down from the position of CEO. Topics …
“I think they got it with a rocket. But in more bad news for Ms Holgate, the Board also revealed her estimate of the cost of the Cartier timepieces significantly underestimated how much was spent. “The Board is acutely aware of community and shareholder feedback over the last 24 hours,’’ Australia Post Chair, Lucio Di Bartolomeo said. Why did she step down? We also thank our staff for their ongoing commitment to the organisation. Australia Post CEO Christine Holgate. Ms Holgate first raised eyebrows last year with her new wheels – an electric blue Range Rover with personalised “POSTY1” number plates. “I think there wouldn’t be a board member of a government agency or a CEO of a government agency that did not get my message yesterday,’ he said. Australia Post also issued a grovelling pledge to deliver Christmas presents on time despite COVID-19 pressures.
Australia Post chief executive Christine Holgate has defended the decision to spend 12,000 on luxury watches for executives, saying: I have not used taxpayers money. It comes after revelations that $12,000 of company money was … In light of the expected more than 50 per cent growth in parcel delivery it will be the most challenging period in the history of the organisation. Australia Post boss will be suspended on $110,000 a month while she’s investigated for her lavish $12,000 Cartier watches Australia Post CEO Christine Holgate has stepped aside during investigation Her office gifted Cartier watches worth $3,000 each to four senior executives Ms Holgate said the gifts were recommended by the chair of company’s board Australia […] "Group CEO and Managing Director Christine Holgate will stand aside during the investigation. On Thursday, Ms Holgate told Senate estimates the watches cost around $3,000 each. She is also a board member of Collingwood Football Club. All times AEDT (GMT +11). That version of events fits with the former Australia Post chairman Jon Stanhope’s memory that he had not approved the purchase. RELATED: Holgate’s massive salary while stood down, RELATED: Aus Post worker takes cheeky swipe at boss, Christine Holgate has stepped aside from her role. Australia Post boss will be suspended on $110,000 a month while she's investigated for her lavish $12,000 Cartier watches.
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The Serpenti Tubogas watch is billed as offering its owner the “sinuosity of the snake with the contemporary soul of tubogas” and “evoking both the sensual curves of a woman and the fluid shape of the serpent.”.
During this time, Rodney Boys, Chief Financial …
Picture: NCA NewsWire / Gary RamageSource:Supplied. As per reports claimed by The Guardian, Christine Holgate had to step down all because she paid $3,000 Cartier watches for each of her four managers.
“It was a recommendation from our Chair that these people get rewarded.”. October 22, 2020 1:16PM. The Australia Post made her appearance at Senate estimates on Thursday wearing a gold watch from Bulgari that retails for up to $48,000. “We understand that the impacts of COVID on our ability to deliver in a timely manner have tested the patience of our customers, old and new. This morning the Board tasked Acting CEO and CFO Rodney Boys with ensuring those plans are implemented in full,’’ the statement said. She had been serving there since October 30, 2017, and now, she has stepped down from the position of CEO.
Australia Post chief executive Christine Holgate has been asked to stand aside pending an investigation into $12,000 worth of luxury watches gifted to senior executives. “I didn’t actually purchase them. “The Board noted media commentary regarding the then Board’s involvement in the purchase of Cartier watches. News.com.au understands Mr Stanhope made attempts to call Ms Holgate on Friday to correct the record before the release of the statement. Christine Holgate has stepped aside while investigations continue into the purchasing of Cartier watches as a bonus for staff. Embattled Australia Post CEO Christine Holgate’s claim that a gift of four Cartier watches was approved by her chairman has been demolished by the organisation’s board in a bombshell statement. Christine Holgate is well-known as the former CEO of Australia Post. Jade Gailberger News Corp Australia. It suggests that while some discussion of a “reward” for executives may have been occurred, that the idea to buy the Cartier watches was Ms Holgate’s decision. They were organised through my office on behalf of the Chair and I.”, Australia Post chief executive Christine Holgate wearing a $48,000 watch at the Senate estimates in Canberra. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Christine Holgate is well-known as the former CEO of Australia Post. “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,’’ the statement said.