Highest-paid Australia public servant resigned

Highest-paid Australia public servant resignedThe CEO of Australia's state-run postal service quits on Thursday, two weeks after public outrage over the revelation that he made 5.6 million Australian dollars ($4.3 million) last year.

Australia Post managing director Ahmed Fahour said he was quitting the national mail service on the same day the government-owned corporation posted a profit of AU$131 million for the six months through December. The figure was a big jump from the AU$16 million profit the corporation made in the same half a year earlier.

Fahour took an amount more than 10 times Prime Minister Malcolm Turnbull's salary in 2016 and was the highest paid public servant, moving the Premier to criticise the pay packet as "too high".

After two weeks of speculation over Fahour's future at the company, an Australia Post statement confirmed the CEO had resigned at a board meeting overnight.

However, Fahour told News Corp the decision to leave his post was not made in relation to the salary scandal but that, after seven years in the position, it was time to "move on".

"The main reason why I am hanging up the footy boots at Australia Post is I've done seven years in this job - the average CEO in this country is lasting around three years," Fahour said.

The Lebanese-born former banker, 50, said he was leaving because Australia Post had transformed from a traditional mail service to a parcel and e-commerce business during his seven years at the helm.

"Clearly, this has been a very difficult and emotional decision for me and my family. But I've come to the conclusion that the timing is right. As the half-year results show, the transformation has worked," Fahour said.

Fahour said he would leave Australia Post in July following the announcement of his successor.

The government later announced that an independent tribunal that decides the salaries of lawmakers, judges and government department bosses will be given power to rule on how much Fahour's replacement is worth.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Июнь 2019    »