AHMED FAHOUR’s lack of respect for his position as ceo and Australia’s heritage
Mr Ahmed Fahour, the Chief Executive of Australia Post (to be replaced by Christine Holgate in October 2017) undertook the sale of the Sydney GPO after announcing his resignation, and in secrecy from the senior property people within Australia Post.
Ahmed Fahour was heavily criticised by the public and Prime Minister Malcolm Turnbull for his $6 million salary. He resigned in February 2017, and will leave the organisation in July 2017, however the deal was struck in March 2017. He also pushed it through as an “urgent” matter, which makes no logical sense and must bring his conduct and intentions into question.
The process undertaken for the sale comprised the following announcements, which shows a timeline of deception and therefore cannot be consistent with “sound commercial practice.”
- September 6, 2016 - Australia Post announces it will not sell the 7 historic GPO buildings (The Australian)
- February 22, 2017 – Ahmed Fahour resigns as CEO of Australia Post
- May 4, 2017 – Far East buys the Sydney GPO for $150 million (The Australian)
- May 31, 2017 – Revealed: Australia Post’s secretive sale of Sydney GPO building despite heritage concerns (Sydney Morning Herald)
- May 31, 2017 – The Minister receives notification of divestment of the Sydney GPO from Australia Post. Coincidentally this is the same day as the SMH article.
Also involved in approving the sale are the Australia Post Board of Directors:
- John Stanhope AM (Chairman)
- Holly Kramer
- Dominique Fisher
- Bruce McIver
- The Hon Michael Ronaldson
- Jan West AM
Historic Australia Post building in the heart of Sydney ‘sold off to foreign Chinese investors for $150 million in secret deal – and they plan to turn it into a shopping centre’
Writer: April Glover | Published Date: June 1, 2017 | Source: The Daily Mail UK