Australia Post chief executive Ahmed Fahour - who was criticised by Prime Minister Malcolm Turnbull for his $5.6 million salary - has resigned from the job after seven years.

Mr Fahour, who began the job in 2010, tendered his resignation to the Australia Post board on Wednesday.



Speaking at the company's half-year results at a press conference in Melbourne, Mr Fahour said: "With the business now poised to start a new transformation, I believe that it is appropriate and time to hand over the reins as the head of Australia Post.

"This has been a difficult and emotional decision for me and my family, but I have come to the conclusion that the timing is right."

Mr Fahour said: "I have been in this job for seven and a half years; it's time.