Ms Holgate will officially start in the position in mid-to-late October.
Australia Post chairman John Stanhope said Ms Holgate was an outstanding candidate to lead the business through the next phase of its transformation program.
Mr Stanhope said the board was particularly impressed by her experience successfully growing a business in Asia and said she would be invaluable in pursuing Australia Post's Asian strategy.
"Her knowledge of global eCommerce will be invaluable as we pursue our Asian Strategy, which is all about offering logistics support to Australian businesses that are either selling in Asia, or sourcing their products there," he said.
Ms Holgate's remuneration has been set at $1.375 million fixed annual total remuneration and the potential to earn incentive payments of up to $1.375 million, in accordance with the parameters set by the Commonwealth Remuneration Tribunal.
The Federal Government ordered the tribunal to oversee the salaries of Australia Post executives after Mr Fahour's announced his resignation in February after seven years in the top job.
His announcement came after his $5.6 million salary was revealed by a Senate committee — an amount Prime Minister Malcolm Turnbull said was "too high".
Ms Holgate said she felt privileged to be appointed as CEO of such an iconic Australian corporation and, "one of the most resilient and successful postal businesses anywhere in the world".
"I'm a passionate advocate for Australian business seizing the opportunity that's on our doorstep in Asia and that creates opportunities for everyone — our workforce, our shareholders, the community, as well as businesses across Australia," Ms Holgate said.
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