MitchelLake worked with the program head to design and then deliver an executive team with relevant experience in startups, online, B2B and B2C corporate services. Labor's communications spokeswoman Michelle Rowland said the dumping of the executive bonuses was "welcome" but the fight against postal deliveries cuts for consumers was "by no means over". By continuing your navigation, you consent to their use. We are using cookies to give you the best experience on our website. Under the changes, priority letters have been suspended, deliveries moved to every second day in metropolitan areas, and five days is allowed for intrastate posting. Communications Minister Paul Fletcher dismissed Labor's concerns, saying the temporary changes would help the postal service better respond to the coronavirus pandemic. "I have every confidence in the executive team and their commitment to excellent performance in the year ahead.". "I have every confidence in the Executive Team and their commitment to excellent performance in the year ahead," he said. Australia Post have funded a new entity leveraging key assets into a range of online payment services. The Australia Post Digital Mailbox is a new online personal management product that enables customers to receive communications, pay bills and store important documents online. Product to take on this exciting new challenge. "Today the Australia Post board determined that no short-term incentive payment would be made to the executive team for financial year 2020," chairman Lucio Di Bartolomeo said in a statement on Wednesday. Add articles to your saved list and come back to them any time. Director (non-executive) Talal Yassine was appointed to the Australia Post board in August 2012 (current term expires in August 2015). Product to take on this exciting new challenge. You can find out more about which cookies we are using or switch them off in settings. Palmer court actions cost WA over $900,000, Qantas to update investors on COVID battle, The simple Qld fishing invention that is now a $2m business, Jacana Energy falls into the red due to disputed billing error, NLC backs Origin in fracking stoush with traditional owners, Crown’s Australian resorts boss Barry Felstead to exit, Franchisees go after hair chain over ‘misuse of $1.5m’. “Today the Australia Post board determined that no short-term incentive (STI) payment would be made to the executive team for Financial Year 2020,” he said. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. The most important news, analysis and insights delivered to your inbox at the start and end of each day. The union representing postal workers says Australia Post's entire leadership team should be scrutinised, arguing chief executive Christine Holgate could be … About 2500 of the postal service's 36,000 employees will also share in bonuses, Ms Holgate confirmed in a note to staff last week. Employees in Victoria were sent an email asking if those with a driver's licence and car were free to pick up parcels and deliver them to customers. The government expects Australia Post's executive team to honour its commitment," Mr Fletcher said. To help design and execute the executive talent strategy for Australia Post’s newly Digital Mailbox. Get news, insights and updates from around the world on the latest developments in tech, digital, and search. "Our government has honoured its commitment. she had taken a proposal to the board in recent weeks to pay executive bonuses, encouraged to volunteer to deliver parcels. Get in touch with our team for support on your next search. Australia Post has scrapped bonus payments for its executive team after facing pressure for asking workers to volunteer. Sign up to The Sydney Morning Herald’s newsletter here and The Age’s newsletter here. Australia Post CEO Christine Holgate was paid $2.5 million last year as the nation's highest earning civil servant. Australia Post staff in Victoria were this week encouraged to volunteer to deliver parcels in their own cars, with costs reimbursed and time off in lieu given. North America [email protected] +1 925 391 0292, Melbourne [email protected] +61 3 8685 8992, The team at MitchelLake have partnered with an early-stage fintech company with a mission to help SMBs manage their cash flow and therefore business, more effectively. Rob Harris is the National Affairs Editor for The Sydney Morning Herald and The Age, based at Parliament House in Canberra, Australia Post boss still eligible for $277k deferred bonus despite board veto. https://t.co/Q5VOoOfSes, Citigroup’s former MD of ANZ corporate/investment banking, Chris Knoblanche, has joined hipages as chairman, after being placed by the MitchelLake Board and Advisory team. Australia Post chairman Lucio Di Bartolomeo on Wednesday announced it would not approve the payment of bonuses this year after the national mail service had opened the door for senior management to share in $7 million in personal bonuses, despite Ms Holgate having in March declared executives would "forsake any right to a bonus payment". The organizational chart of Australia Post displays its 25 main executives including Christine Holgate, Rodney Boys and Bob Black × We use cookies to provide a better service. Neither Labor nor the Australian public will have a bar of it," Ms Rowland said. Senior government sources said Australia Post had been "dragging the chain on this issue" amid growing public anger around the bonus payments. Thousands of motorbike posties are being redeployed into delivery vans or warehouses. But sources close to the executive team said she had taken a proposal to the board in recent weeks to pay executive bonuses after the organisation defied dire forecasts to record a 7 per cent jump in full-year revenue and a profit before tax of $53.6 million. The government expects Australia Post's executive team to honour its commitment," Mr Fletcher said. Executives were in line for about $7 million in bonuses, at the same time workers were being asked to volunteer to help clear a backlog of parcel deliveries.