A mediation settlement has resulted in Australia Post paying $1 million to its former chief executive, Christine Holgate, and $100,000 for her legal fees.
On Wednesday a joint statement from Holgate and her former employer was released.
“Australia Post regrets the difficult circumstances surrounding Ms Holgate’s departure from her role as CEO.
“Australia Post recognises and thanks Ms Holgate for her outstanding contribution and strong leadership during her employment as CEO of Australia Post,” the statement read.
“Australia Post wishes Ms Holgate the best in her future endeavours,” the statement added.
It has been a turbulent journey for both parties to get to this point following Holgate’s unceremonious departure from Australia Post in 2018 over the purchase of high-end watches as a gift for senior staff.
In April Australia Post board chair Lucio Di Bartolomeo refused to apologise to the former CEO during a senate inquiry into the nature of her departure.
Holgate told the inquiry that she had been unlawfully stood down from her role at the request of prime minister Scott Morrison, following revelations that $19,950 had been spent on the four gift watches.
But Di Bartolomeo had a different recollection of the events that unfolded, telling the senate inquiry that Holgate “wasn’t stood down”, and arguing that he had wanted her to “stand aside for four weeks for the duration of the investigation” into the watch purchases.
Holgate has maintained that she never agreed to stand aside, and has consistently claimed that she was “bullied” out of her position as Australia Post CEO. She is now in charge of Global Express, a private mail company.
The PM has refused to apologise to former Australia Post CEO, Christine Holgate. After her blistering testimony yesterday, Ms Holgate told the ABC's 7.30 program: "I think it's one of the worst acts of bullying I've ever witnessed…I would love an apology. " @SBSNews #auspol pic.twitter.com/DZYbCqWOU8
— Pablo Viñales (@pablovinales) April 14, 2021