The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Australia Post has appointed Woolworths (WOW) supply chain boss Paul Graham as the new CEO and Managing Director
  • He will be replacing Christine Holgate who was ordered to step aside after a Senate hearing revealed almost $20,000 had been spent on luxury watches
  • This appointment coincides as Christine prepares to speak at a Senate inquiry regarding her departure from the company
  • Chairman Lucio Di Bartolomeo will also speak at the Senate inquiry, which is scheduled for tomorrow
  • Paul will begin in September with acting CEO Rodney Boys to remain in the position until then

Australia Post has appointed Woolworths (WOW) supply chain boss Paul Graham as the new CEO and Managing Director.

He will be replacing Christine Holgate who was ordered to step aside after a Senate hearing revealed almost $20,000 had been spent on luxury watches.

Furthermore, the hearing also revealed over $840,000 had been spent on indoor plants between 2018 and 2020.

Paul has more than 40 years’ logistics experience, recently having a stint at parcel transport giant DHL.

This appointment comes after a comprehensive search was undertaken for the right candidate.

“I feel fortunate to be joining at a time when we can truly capitalise on the extraordinary growth in eCommerce experienced in the past year and continue developing our retail and digital offerings while keeping letter deliveries strong,” Paul commented.

“On behalf of the board I am so pleased to announce Paul as the next CEO of Australia Post — an outstanding candidate with strong logistics, digital and retail experience both here and overseas, including as a senior executive at Deutsche Post DHL,” Aus Post Chairman Lucio Di Bartolomeo said.

This appointment coincides as Christine prepares to speak at a Senate inquiry regarding her departure from the company.

Lucio Di Bartolomeo will also speak at the Senate inquiry, which is scheduled for tomorrow.

Christine has previously stated that Lucio has bullied her and did not offer his support when the news about the watches became public.

Paul will begin at Aus Post in September with acting CEO Rodney Boys to remain in the position until then.

He is expected to receive a salary of nearly $1.45 million and bonuses of the same amount.

More From The Market Online

Bullock: Hold call doesn’t rule out further tightening, if that’s required to beat inflation

Michele Bullock has made it very clear that the Reserve Bank is still strongly considering more rate hikes, especially if it’s the only

Reserve Bank holds rates at 4.35% as inflation battle drags on

The Reserve Bank has left the cash rate unchanged at 4.35%, warning inflation remains too high…
Global trade disruption concept with container ships blocked from entering or exiting the Strait of Hormuz. Maritime blockade and geopolitical tension affecting international supply chain and shipping routes.

Markets rally, ASX surges as US-Iran strike preliminary deal to reopen Strait of Hormuz

Australian shares rallied after the US and Iran confirmed a landmark ceasefire agreement, lifting miners, banks…
Close-up view of erupting molten lava, showcasing the intense heat and dynamic nature of volcanic activity.

Records up top, energy melt down, all eyes back on rech

Records on top. Regime turn underneath. Three U.S. indices closed at record highs into a holiday-shortened week. The Philadelphia Semiconductor Index ripped +5.53%...