There will be no apology. But former Australia Post CEO Christine Holgate will at least get some form of payback for what she has experienced.
“Australia Post acknowledges that it has lost an effective CEO following the events on the morning of 22 October 2020. Australia Post regrets the difficult circumstances surrounding Ms Holgate’s departure from her role as CEO,” it read.
Holgate will receive the million dollar payment as an “employment termination payment”, which accounts for around eight months of her salary.
Holgate also has a new job, recently appointed as CEO of Australia Post rival, Global Express, taking on the job within days of her non-compete clause with Australia Post expiring.