The Woolworths CEO held a series of executive positions before he was appointed head of the grocery giant.
Woolworths CEO Brad Banducci has announced he is stepping down as head of the grocery giant following a tense interview with ABC's Four Corners. Banducci, who has been with the company for almost 13 years, spent eight-and-a-half of them as CEO. In a post on LinkedIn , he said the decision was one he had been “contemplating for a while”.
Banducci has helmed Woolworths through meteoric profit margins and public pushback due to sky-high inflation . In October 2023, Woolworths recorded multi-billion-dollar profits in their first quarter sales revenue, with $12.96 billion in food retail sales, up 6.1 per cent.
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