Information about remuneration for key management personnel
Short‑term benefits |
Post‑employment benefits |
Other long‑term benefits |
Termination benefits |
Total remuneration |
|||||
Name |
Position title |
Base salary |
Bonuses |
Other benefits and allowances |
Superannuation contributions |
Long service leave |
Other long‑term benefits |
||
Christine Holgate1 |
Group Chief Executive Officer and Managing Director |
1,441,247 |
831,375 |
– |
20,531 |
47,573 |
224,500 |
– |
2,565,226 |
Robert Black |
Group Chief Operating Officer |
999,041 |
531,956 |
– |
20,531 |
21,398 |
128,909 |
– |
1,701,835 |
Ingo Bohlken2 |
EGM Product & Innovation |
702,457 |
418,950 |
41,885 |
20,531 |
19,662 |
69,825 |
– |
1,273,310 |
Rodney Boys3 |
73,178 |
– |
– |
6,455 |
1,523 |
– |
– |
81,156 |
|
Annette Carey4 |
EGM International |
746,303 |
390,938 |
– |
20,531 |
20,938 |
65,156 |
– |
1,243,866 |
Susan Davies5 |
EGM People & Culture |
703,826 |
413,438 |
– |
20,531 |
57,759 |
68,906 |
– |
1,264,460 |
Nicole Sheffield6 |
EGM Community & Consumer |
686,308 |
400,313 |
– |
20,531 |
12,012 |
66,719 |
– |
1,185,883 |
Gary Starr7 |
EGM Business & Government |
684,717 |
413,438 |
9,019 |
20,531 |
30,923 |
85,712 |
– |
1,244,340 |
Chris Blake8 |
EGM Corporate Services |
566,043 |
– |
– |
20,531 |
-139,497 |
– |
476,528 |
923,605 |
Christine Corbett9 |
EGM Community & Consumer |
29,362 |
– |
– |
3,069 |
– |
– |
– |
32,431 |
Janelle Hopkins10 |
Group Chief Financial Officer |
847,326 |
– |
– |
20,531 |
-87,878 |
– |
– |
779,979 |
Andrew Walduck11 |
EGM Product & Innovation |
20,272 |
– |
7,784 |
2,305 |
– |
– |
– |
30,361 |
Andrew Parker12 |
EGM International Services (Seconded) |
30,940 |
30,940 |
||||||
7,531,020 |
3,400,408 |
58,688 |
196,608 |
-15,587 |
709,727 |
476,528 |
12,357,392 |
||
1 Christine Holgate was appointed Group Chief Executive Officer & Managing Director on 30 October 2017.
2 Ingo Bohlken was appointed Executive General Manager, Product & Innovation with effect from 30 July 2018.
3 Rodney Boys was appointed Group Chief Financial Officer with effect from 27 May 2019.
4 Annette Carey was appointed Executive General Manager, International Services with effect from 1 July 2018.
5 Susan Davies was appointed Executive General Manager, People & Culture with effect from 1 July 2018.
6 Nicole Sheffield was appointed Executive General Manager, Community & Consumer with effect from 6 August 2018
7 Gary Starr was appointed Executive General Manager, Business & Government with effect from 1 March 2018.
8 Chris Blake retired from Australia Post with effect from 31 December 2018. An ex-gratia payment, disclosed under “other termination & retirement benefits”, was made in accordance with the Deed of Separation.
9 Christine Corbett was appointed Acting Group Chief Executive Officer & Managing Director between 29 July 2017 to 29 October 2017 and ceased employment with Australia Post with effect from 13 July 2018.
10 Janelle Hopkins ceased employment with Australia Post with effect from 3 May 2019.
11 Andrew Walduck ceased employment with Australia Post with effect from 13 July 2018.
12 Andrew Parker was seconded from PricewaterhouseCoopers (PwC) on a consulting basis, which concluded on 13 July 2018, following appointment of permanent incumbent, Annette Carey. Andrew Parker is remunerated separately by PwC, with base salary comprising of consulting fees paid to PwC for this secondment.
13 Base salary comprises cash salary, net of annual leave accrued and taken during the year.
14 Bonuses comprise accrued short-term incentives payable within 12 months of the end of the period.
15 Other benefits and allowances comprise of the Reportable Fringe Benefits Amount included on the recipient’s payment summary. Amounts for Christine Holgate’s 2018 year benefits comprise of short-term accommodation paid by the Corporation for the first six months of her tenure in accordance with the determination set by the Remuneration Tribunal.
16 For employees who are members of the Australia Post Superannuation Scheme (APSS) defined benefit scheme, the superannuation benefit represents the contributions made by Australia Post into the APSS, which is determined using the employer contribution rate. If the employee is member of a defined contribution plan, the benefit is calculated at 9.5 per cent in accordance with the applicable legislation.
17 Long Service Leave (LSL) comprises the amount of leave accrued for the period. Where the LSL vesting requirements have not been met on separation, the reversal of the cumulative LSL accrual is reported as a non-cash adjustment to remuneration.
18 Other long-term benefits represents the accrued portion of short term incentives that are not payable within 12 months of the end of the period they relate to. This amount represents 50 per cent of the deferred component of the incentive awarded for the relevant year. The total deferred amount will be payable subject to certain performance conditions being met.
19 Termination benefits are payments made in relation to the termination of the senior executive role.
Visit
https://www.transparency.gov.au/annual-reports/australian-postal-corporation/reporting-year/2018-2019-113