Toll Group – A$0.025 operating margin? Nowhere near enough
Counting the cents
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 ...