Government taps BCG for strategic review of Australia Post
Australia’s government has hired management consulting firm BCG for a strategic review of Australia Post.
The review comes shortly after the installation of a new Chair at the postal organisation, after former Chair of the Board John Stanhope – not to be confused with the former ACT chief minister Jon Stanhope – stepped down following the conclusion of his second term on 21 November 2019.
Stanhope led Australia Post from 2012 onwards, guiding the postal service through a significant period of disruption in its core business. When he started his role, Australia Post was still a traditional postal service, fast forward to today and the organisation is much more of a diversified e-commerce and digital enterprise.
“Stanhope has overseen the delivery of several significant milestones in driving innovation, efficiency and embracing new technologies across Australia Post. This included improving the letters service amid declining letter volumes, and the acquisition of Star Track Express which boosted Australia Post’s parcel delivery capability, and maintaining profitability,” said a spokesperson of the government.
Currently heading the Board for a term of three years is Lucio Di Bartolomeo, who brings over 40 years' experience in the transport industry to the table. During his long career in business, he was among others the Managing Director of ADI, Country Director of Thales Australia and Managing Director of FreightCorp.
Di Bartolomeo and the Board of Director he leads is tasked with overseeing Australia Post’s Corporate Plan 2023, and is working alongside the Executive Leadership team including CEO Christine Holgate, CFO Rodney Boys and COO Bob Black on preparing the company for the future.
Supporting the leaders with their strategic planning process are management consultants from Boston Consulting Group (BCG), who have been brought on board to “conduct a review of Australia Post’s strategy to operate as a sustainable and fit-for-purpose service provider for the longer term,” said the spokesperson.
BCG’s review, which will consider broader market conditions such as growth in e-commerce, the regulatory environment and changes in business and consumer needs, is planned to be completed early next year.
