Australia Post Boss Steps Aside Over Watches

Australia Post says it will fully cooperate with an investigation into the decision to give four $3000 Cartier watches to senior staff as a reward for a deal to do banking in post offices. Group CEO and managing director Christine Holgate will stand aside during the investigation, triggered after Prime Minister Scott Morrison was informed of evidence given at a Senate estimates hearing on Oct 22. Rodney Boys, the chief financial officer of the government-owned business, will act in the role during the investigation. “The Australia Post board and management team will fully cooperate with the recently announced investigation to be conducted by shareholder departments,” chairman Lucio Di Bartolomeo said in a statement. “We remain committed to delivering for our important stakeholders – our people, our post office partners, our customers and the community.” The investigation will be conducted by the federal communications and finance departments, supported by an external …