Teeming with (TGE) losses down under
Where we stand with Toll Express legacy
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
ABC reports:
Former Australia Post boss Christine Holgate will lead a rival parcel delivery firm, following her controversial exit from the publicly owned postal service.
Ms Holgate has been appointed as the future chief executive of Global Express, which was part of Toll Holdings but is in the process of being sold to private equity firm Allegro Funds.
In 2015, Japan Post purchased Toll for A$6.5 billion.
Last month, it sold Toll’s Australian and New Zealand logistics and home delivery operations to Allegro for just $7.8 million — that unit will become Global Express.
“It is a new chapter and I’m really looking forward to it,” Ms Holgate told the ABC’s Peter Ryan after her appointment.
“It has been a challenging six months, but there’s a line in the sand now.
“There’s a few things we need to do about the past, but now it’s about looking forward and rebuilding.”
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