But after sustained pressure from a Senate committee and public criticism from Prime Minister Malcolm Turnbull and Communications Minister Mitch Fifield, Mr Stanhope agreed to be more transparent about senior executive pay. But he acknowledged the community and political concerns that forced the turnaround.
The average salary for a Chief Executive Officer is. WA has recorded six new cases of COVID-19. Get an estimated calculation of how much you should be earning and insight into your career options. Read more. Australia Post chairman John Stanhope defended the board's original stance to align Mr Fahour's pay with commercial competitors in global ecommerce and logistics. "While community expectations have changed since Mr Fahour's appointment in 2010, it is not practical or possible to retrospectively change our contractual obligations to him," Mr Stanhope said. Group Chief Executive Officer & Managing Director. ", "But in terms of contractual obligations, if hurdles are set down and conditions of payments are set down as contractually as they were, then we don't have an unfettered discretion to say we're not going to pay you it.". Follow Peter Ryan on Twitter @peter_f_ryan and on his Main Street blog. Mr Stanhope came under fire in February after the Australia Post board initially refused to fully disclose details of Mr Fahour's pay arrangements. The average salary for a Chief Executive Officer is $153,564 per year in Australia. "Last Christmas we had our largest ever parcel delivery day with more than two million parcels delivered in a single day," Ms Corbett said. "They do have a new CEO appointed, and her salary is a fraction of what Mr Fahour was paid. The bonuses reflect what Australia Post describes as Mr Fahour's "sustained success" in transforming the government agency from a letter delivery business to a parcels and ecommerce business in line with contractual obligations. An early career Chief Executive Officer (CEO) with 1-4 years of experience earns an average total compensation of AU$130,477 based on 300 salaries. Mr Stanhope said the board at the time had put together a contract aimed at persuading Mr Fahour to come onboard as CEO. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), Fifield slammed for lack of knowledge over Australia Post CEO's salary, Australia Post CEO Ahmed Fahour resigns after salary furore, Australia Post names Christine Holgate as new CEO, Berejiklian's office shredded documents after she signed off on millions in council grants, inquiry hears, More relief for stranded Aussies overseas as international passenger cap lifts again, ASIC boss steps aside pending investigation into $118k tax expenses, Police arrest demonstrators as hundreds gather for Melbourne anti-lockdown protest, Live: Morrison wants thousands of stranded Australians home by Christmas, Dashcam captures moment toddlers run towards busy road after escaping childcare centre, Leaving interruptions aside, Trump leans into attacks while Biden digs into policy, AFP arrests 44 men over 'abhorrent' child abuse material shared online, Andrews says Preston outbreak won't derail restrictions plan after parent tests positive, Lawyers asked Ghislaine Maxwell one question 28 times.
Australia Post CEO Ahmed Fahour's salary doesn't stand up to scrutiny when you compare him to his peers overseas, writes Chris Uhlmann. "I understand why they did that, they attracted him and his talent and I maintain that he's done a very good job," he said. Mr Fahour announced his resignation from his lucrative seven-year role in February in the wake of criticism about his pay and attempts by the Australia Post board to conceal the details. They never got a straight answer, High Court confirms more sexual harassment complaints raised against Dyson Heydon, Qantas eyes 'end of 2021' for return of UK and US flights but says coronavirus vaccine will be necessary, 'No reason why we couldn't have kept playing': V'landys reflects on NRL's COVID-impacted season, China's running dry, and that could spell danger for the ruling Communist Party, Doctors warn of lasting effects of COVID-19 after struggling to recover from virus, Adelaide Oval puppy mauled to death weeks after hotel's opening, A family of small-time scammers are undone by one of their targets in the comedy Kajillionaire, Former Wallaby David Pocock retires from rugby union, looks to conservation, Ahead of the AFL grand final, Hardwick and Scott reflect on a turbulent 2020 season, begins one of Australia's toughest and highly politicised corporate roles on October 30, he did not know the specifics of Mr Fahour's multi-million-dollar salary, announced his resignation from his lucrative seven-year role in February. Australia Post appoints Christine Holgate as chief executive AUSTRALIA Post’s new boss will be paid less than former chief executive Ahmed Fahour — who resigned after his $5.6 million salary was revealed. Ms Holgate, who resigned in June as chief executive of the vitamins company Blackmores, begins one of Australia's toughest and highly politicised corporate roles on October 30. Senator Fifield faced hostile questioning about why he did not know the specifics of Mr Fahour's multi-million-dollar salary. Davidson Recruitment Chief Executive Officer, Lester Blades - Executive Search, Selection & Retention Chief Executive Officer, Employment Office Chief Executive Officer, LO-GO Appointments WA Chief Executive Officer, NSW PUBLIC SERVICE COMMISSION Chief Executive Officer, Community Colleges Australia Chief Executive Officer, Align Recruiting Solutions Chief Executive Officer, Executive Support Officer, Office of the Chief Executive, Administration Officer (Executive Support), View all job openings for Chief Executive Officer. Australia Post's acting chief executive Christine Corbett said the strong result validated the shift from traditional letters to parcels and ecommerce. Free 12-month mail redirection for special circumstances, Change or cancel your mail redirection or hold, Mail Redirection and Mail Hold Terms & Conditions, Post Office Boxes, Locked Bags, PO Box Plus and Common Boxes Terms & Conditions, Back to Next day parcel delivery (Express Post), International money transfer with Western Union®, Australia Post Travel Platinum Mastercard® - Prepaid travel money card, Australia Post Travel Platinum Mastercard®, Back to Apply for a new Australian passport, Identity checks for non-represented parties in Victoria, Identity checks for self-represented parties in WA, Back to Personal, Business, Enterprise & Government solutions, Back to Standard parcel delivery (Parcel Post), Next day delivery with Express Post Platinum, Become a Post Billpay biller - Accept customer payments online, by phone and at Post Offices, POLi Payments - Secure alternative to credit card payments, Back to Online shopping trends in Australia, Back to Make a booking for Unaddressed Mail, Reach new customers with Campaign Targeter, Back to Reach new customers with Campaign Targeter, Identity verification for conveyancing practitioners and mortgagees, PO Boxes, Locked Bags and Common Boxes Terms & Conditions, Business Credit Accounts & postage meters, Back to Business Credit Accounts & postage meters.