The chair of the Australia Post board will step down as the organisation faces a review.
John Stanhope — not to be confused with the former ACT chief minister Jon Stanhope — will leave his role on November 21, according to federal ministers Mathias Cormann and Paul Fletcher.
His replacement has not yet been announced, but will come into the job during a review of Australia Post’s long-term strategy.
Consulting firm BCG has been engaged to conduct the review, and will look at the organisation’s ability to operate as a “sustainable and fit-for-purpose service provider”, as well as broader market conditions including the regulatory environment, changes in business and consumer needs, and growth in e-commerce. BCG will deliver its findings in early 2020.
Stanhope has guided Australia Post through a significant period of disruption since being appointed chair in 2012, Cormann and Fletcher said.
“He has led the board in supporting Australia Post’s transformation from a traditional postal service into a diversified e-commerce and digital enterprise,” they said.
“As chair, Mr Stanhope has overseen the delivery of several significant milestones in driving innovation, efficiency and embracing new technologies across Australia Post. This included improving the letters service amid declining letter volumes, and the strategic acquisition of Star Track Express which boosted Australia Post’s parcel delivery capability, and maintaining profitability.”
Stanhope is the sixth chancellor of Deakin University. He currently chairs the Port of Melbourne Authority, the Bionics Institute and the Melbourne International Jazz Festival, is a non-executive director of AGL Energy Limited, and is vice-chair of the International Integrated Reporting Council.
From 2003 to 2011, he was chief financial officer and group managing director, finance and administration with Telstra, and was also an executive director of the company from 2009 to 2011. He was a member of the Finance Reporting Council from 2006 until 2012.
Stanhope was made a member of the Order of Australia for significant service to the financial and national communication sectors through a range of leadership roles in 2016.