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Woolworth: Grocery boss quits after profiteering claims

Woolworths boss Brad Banducci has resigned on his job after price-gauging tactics used by the Australian supermarket giant.

The Australia’s largest retailer Woolworths has been facing intense criticism over their business models as the country battles a cost-of-living crisis as well as its rival Coles.

Mr Banducci. 59, has spent 13 years at the company, eight of them at the helm. On Wednesday, Woolworths Group announced that he would retire in September.

On Monday night, the Australian Broadcasting Corporation aired an investigation which accused both Coles and Woolworths of price-gouging and unfair dealings with suppliers and farmers.

After his resignation, Mr Banducci will be succeeded by the company’s head of e-commerce Amanda Bardwell.

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