US EditionWoolworths group CEO Brad Banducci steps down after interview storm-out
- Banducci announced his resignation amidst scrutiny over alleged price-gouging tactics by Woolworths.
- Woolworths reported an increase in pre-tax profits for its Australian supermarket business, up 10% compared to the previous year.
- Despite rising grocery prices playing a significant role in profits, Banducci insisted on attributing it to efficiencies rather than price gouging.
25 Articles
25 Articles
Woolworths CEO Brad Banducci announces departure days after walking out of Four Corners interview
Brad Banducci will be remembered for his TV interview walkout, but in his years in the top job he's delivered Woolworths bumper profits, writes Four Corners' Angus Grigg and Elise Potaka.
Woolworths CEO to step down after catastrophic ABC interview
Woolworths chief executive Brad Banducci will step down after facing intense scrutiny over price gouging at his supermarkets and a disastrous interview with the ABC. Mr Banducci announced he will be resigning in September after eight years in the role. Amanda Bardwell will replace him as Managing Director and Group CEO. The shock resignation took investors by surprise with the share price plunging six per cent in early trade. The cost of living …
Woolworths CEO to step down after catastrophic ABC interview
Woolworths chief executive Brad Banducci will step down after facing intense scrutiny over price gouging at his supermarkets and a disastrous interview with the ABC. Mr Banducci announced he will be resigning in September after eight years in the role. Amanda Bardwell will replace him as Managing Director and Group CEO. The shock resignation took investors by surprise with the share price plunging six per cent in early trade. The cost of living …
Woolworths CEO to step down after catastrophic ABC interview
Woolworths chief executive Brad Banducci will step down after facing intense scrutiny over price gouging at his supermarkets and a disastrous interview with the ABC. Mr Banducci announced he will be resigning in September after eight years in the role. Amanda Bardwell will replace him as Managing Director and Group CEO. The shock resignation took investors by surprise with the share price plunging six per cent in early trade. The cost of living …
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