Woolworths boss Brad Banducci steps down

Woolworths boss Brad Banducci is stepping down after eight years as managing director and chief executive of the nation’s biggest supermarket chain.

Banducci will depart the business in September this year and will be replaced by Amanda Bardwell, who currently leads the company’s digital division, WooliesX, the retailer said in a statement to the ASX on Wednesday morning.

Woolworths chief executive Brad Banducci has announced his retirement.
Woolworths chief executive Brad Banducci has announced his retirement.Credit: Louie Douvis

Woolworths chair Scott Perkins thanked Banducci for his leadership.

“The test of any CEO is to leave the business in much better shape than when they started. On that simple metric, history will judge Brad to have been one of Woolworths Group’s finest leaders,” Perkins said in a statement.

Banducci said it had been a privilege to be part of Woolworths.

“We have a wonderfully talented and passionate team at Woolworths Group, as personified in Amanda Bardwell, and I look forward to working with Amanda and our team over the next few months as we set ourselves up for the next chapter.”

More to come

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Source: Thanks smh.com