Holgate resigns over Cartier row

Original article by Jared Lynch
The Australian – Page: 3 : 3-Nov-20

Outgoing Virgin Australia CEO Paul Scurrah is being tipped as a possible replacement for Christine Holgate, after Holgate resigned as Australia Post CEO with immediate effect on 2 November. Holgate’s resignation followed ongoing controversy after she recently told a Senate estimates committee that she had spent almost $20,000 on Cartier watches to reward four Australia Post executives who had secured a $66 million per annum deal with three of the big four banks in 2018. Holgate said she "deeply regretted" the purchase of the watches, conceding that for many that it did not "pass the pub test". Scurrah was on the Australia Post board for almost two years from July 2017, and will step down from Virgin when its sale to Bain Capital is completed at the end of November.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AUSTRALIA POST, BAIN CAPITAL LLC

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