Former Australia Post CEO Christine Holgate, who left that role after a political furore erupted over the gifting of four Cartier watches to executives, is the new boss of Toll Global Express.
In a statement today, new owners Allegro Funds said Holgate will lead the transformation strategy for the growing parcels and logistics organisation.
“I am honoured to be joining the Global Express team. I believe strongly in the potential of the business and have great respect for both the employees of Global Express and Allegro,” Holgate said.
“In recent times Global Express has faced challenges and there is lots of hard work ahead of us. However, the combination of new funding, a focused local leadership team, a strong position in growing markets and the turnaround expertise of Allegro, will ensure the business is successful.”
Holgate added that as the world emerges from Covid, it is critical that Global Express build more resilience in its logistics networks across Australia and New Zealand.
“Ecommerce in Australia still trails comparable countries at around 15% of sales. The retail sector’s future success will depend greatly on Global Express providing the competitive delivery service necessary to underpin expansion,” she said.
Adrian Loader, a founding partner of Allegro Funds, who will chair the new company, said the strong funding commitment and ability to recruit and retain talent was evidence of Allegro’s long-term commitment to the business.
“With enviable assets, funding of $500 million obtained and now an industry leading CEO announced, Global Express is putting in place all the ingredients required for long-term success,” Loader said.
“We are pleased to have built a close and collaborative relationship with Toll Group as we work towards completing the transaction. After completion, we will work hard to build an equally productive relationship with our suppliers, landlords and other business partners.”
Holgate has committed to a 100-day program of meetings with customers, business partners and employees in all the company’s main markets after she assumes the role.