Christine Holgate receives $1 million payout from Australia Post
Former chief executive Christine Holgate has received a $1 million payout from Australia Post after her departure amid the Cartier Watches saga.
The settlement was announced after Australia Post and Ms Holgate took part in mediation before former Federal judge Peter Jackson.
Australia Post said it regretted the circumstances around Ms Holgate s departure but there was no apology and no admission of liability.
Ms Holgate has also released Australia Post from all legal claims. The parties have reached a settlement and Australia Post has agreed to pay $1,000,000 to Ms Holgate to be taxed as an employment termination payment, a statement on behalf of Australia Post and Ms Holgate read.
Australia Post pays former CEO $1million settlement after Cartier watch scandal
Ms Holgate left company after gifting four luxury watches to executives last year
The four watches had a value of $20,000 which was criticised by Prime Minister
Morrison demanded Ms Holgate resign after bringing topic up in Parliament
Aus Post instead admitted they regretted situation and settled with former boss
Former Australia Post CEO Christine Holgate
The former Australia Post boss may have been “absolutely delighted” by the results of a scathing report into her treatment, but her suggestion that the Prime Minister should apologise might leave her wanting, writes political columnist
MICHELLE GRATTAN.
THE Senate inquiry into the Christine Holgate affair has declared Prime Minister Scott Morrison, shareholder ministers and the Australia Post board should apologise to the former CEO “for denying her the legal principles of procedural fairness and natural justice”.
The Labor-Greens dominated committee said in scathing findings that Morrison’s “improper threat” in parliament’s question time suggested “a lack of respect for due process”, as well as a “double standard” when contrasted with the procedural principles applied to cabinet members.