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 $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.
"I am honoured to be joining the Global Express team. I believe strongly in the potential of the business," Ms Holgate said.
Allegro said it had committed $500 million towards the business, which employs more than 8,000 people.
"With enviable assets, funding of $500 million obtained and now an industry-leading CEO announced, Global Express is putting in place all the ingredients required for long-term success," Allegro partner Adrian Loader, who will chair Global Express, said.
Ms Holgate has remained in the spotlight since leaving Australia Post last year.
She told a parliamentary inquiry she was unwillingly pushed out, after revelations she had as a reward for securing a lucrative contract.
Last week, the Australia Post board agreed to enter mediation with Ms Holgate, but requested the terms and outcome of the process be made public.
It followed Ms Holgate announcing she would be weighing up her legal options following the release of a Senate inquiry report due on May 17.