Christine Holgate has been named as group chief executive officer of parcels and logistics company Global Express, six months after the Cartier watch scandal prompted her departure from Australia Post.
Allegro Funds, which recently announced it would acquire Toll Global Express from Japan Post, on Monday said Holgate would lead the transformation strategy for the organisation.
“With enviable assets, funding of $500 million obtained and now an industry leading CEO announced, Global Express is putting in place all the ingredients required for long-term success,” Allegro Funds founding partner and future chair of the new company, Adrian Loader said in a statement.
Holgate said she believed ‘strongly’ in the potential of the business and was honoured to be appointed as CEO.
“In recent times Global Express has faced challenges and there is lots of hard work ahead of us. However, the combination of new funding, a focused local leadership team, a strong position in growing markets and the turnaround expertise of Allegro, will ensure the business is successful,” she said.
“As the world emerges from COVID, it is critical that we build more resilience in our logistics networks across Australia and New Zealand. Ecommerce in Australia still trails comparable countries at around 15% of sales. The retail sector’s future success will depend greatly on Global Express providing the competitive delivery service necessary to underpin expansion.”
Holgate will kick off the organisation’s multi-year transformation program with a 100-day program of meetings with customers, business partners and employees in all the company’s main markets.
In a LinkedIn post on Monday, Holgate’s PR and strategy adviser Ross Thornton congratulated Holgate on her new role, and Allegro for their ‘inspirational and visionary hire’.
“There have been some truly horrible days for Christine since October 22 but today is a much, much better day,” Thornton wrote.
October 22 was the day it was announced that Holgate would stand aside, after Senate Estimates heard AusPost had spent $12,000 on Cartier watches for four of its employees in 2018. It was then announced that Holgate had resigned from AusPost in November.
Earlier this month Holgate’s lawyer said she was considering legal action against AusPost, prompting the organisation to agree to participate in a mediation.
“Further, given the public interest in this matter and Australia Post’s wish to be transparent about it, we have asked that Ms Holgate agree that following the mediation the parties will make public what she asked Australia Post to give to her to settle the dispute and also the outcome of the mediation,” the AusPost board said in a statement.
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