Brad Banducci quits as Woolworths CEO after trainwreck ABC interview

Woolworths chief executive Brad Banducci has left the supermarket giant in the wake of a disastrous Four Corners interview this week.

Banducci will officially step away from his role in September, a position he has held since 2016. Amanda Bardwell, head of loyalty and eCommerce, will replace him as CEO.

READ MORE: Woolworths say ‘external events’ had no impact on CEO’s resignation


“It has been a privilege to be a member of the Woolies team and one I have never taken for granted,” Banducci said.

“Brad has led a remarkable turnaround and transformation of the group,” said Woolworths chairman Scott Perkins.

The news comes ahead of a Senate inquiry into food and grocery pricing next month. Woolworths confirmed to Mumbrella this morning that Banducci will still front that inquiry.

Banducci’s resignation comes after he walked out of a Four Corners interview during the week, after asking ABC reporter Angus Grigg to cut comments he made about the recently retired former ACCC Chair Rod Sims, who he seemingly did not realise retired less than two years ago.

After Grigg reminded him he is on record, and urged him to move along, Banducci walked out of the interview, before being coaxed back to complete the trainwreck chat.

Sims, for his unwitting part in the debacle, was gracious when asked about Banducci’s critical comments, telling 6PR that the interview “raised a whole lot of issues that need to be looked at.”

“In relation to Brad,” Sims added, “I think his genuine point is that I’m two years out-of-date with the competition data.”

The Four Corners interview was the latest in a series of PR blunders for the supermarket giant.

Aside from the continuing charges of price gouging – Woolworths was the subject of three parliamentary inquiries in 2023 on cost of living, food security, and pricing – Banducci recently copped criticism for the supermarket chain’s refusal to stock Australia Day products this year.

Both national leaders have also taken shots at him of late: Peter Dutton called for a Woolies boycott, saying Banducci was “peddling woke agendas” and “trying to cancel Australia Day”, while Anthony Albanese took aim at both supermarkets, saying “when people look at the prices that they’re paying off the farmers, and then look at what the prices they’re charging … people can see there’s a discrepancy there”.

Banducci said in December he welcomes “the opportunity to explain to the Senate how we are working to balance the needs of our customers, our team and our suppliers in the context of economy-wide inflationary pressure.”


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