SYDNEY: Brad Banducci announced his resignation as chief executive officer (CEO) of Australia’s biggest supermarket chain Woolworths Group Ltd, which has faced growing public anger over rising prices as the cost of living becomes a hot political issue. Banducci will step down in September after eight-and-a-half years in the role, Sydney-based Woolworths said in a statement yesterday.
He will be replaced by company veteran Amanda Bardwell, who will become the first female CEO of the 100-year-old company. She has worked at the retailer for 23 years and is currently head of its loyalty and eCommerce divisions.
