I guess Brad is joining Rod in retirement

F

freewarrior

New member
Brad Banducci to retire from Woolworths

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Woolworths has announced that chief executive Brad Banducci will retire from the supermarket after 13 years at the helm.

Brad Banducci Oscar Colman
Amanda Bardwell will take over on September

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

Woolworths’ half-year net profit after tax rose 2.5 per cent to $929 million, and revenue rose 4.4 per cent to $34.6 billion.

The company will pay an interim dividend of 47¢ a share, fully franked, on February 21.

The company’s shares closed 0.2 per cent higher at $35.87 on Tuesday.
 
@freewarrior Holy crap this is hilariously fast - but now Woolworths can just pin any alleged failings squarely on Brad, so they get a fresh start in a way. Naughty Bradley, how dare he price gouge and impugn the good name of Woolworths!
 
@share115 This. They’re loading Brad up to eat all the shit. No doubt he got a great package on way out due to the record profits.

The ACCC Supermarket Enquiries have stated “We expect to publish an issues paper in February 2024 seeking views on the key issues we will consider in this inquiry.

An interim report will be provided to the Australian Government no later than 31 August 2024.”

Brad leaves in September.
 
@share115 When you perform like that, in the national media, as the CEO, as the spotlight is turning on you then it's time to go.

The Coles CEO was zero interesting, was a minimal part of the story, Woolworths was full center. The board would have watched that, he would have watched that & knew.

From swigging from his water, the insulting Rod, to asking to cut parts of the interview & storming off. That's not what the CEO does.
 
@clemdawg The Coles CEO too took on comments & criticism, without becoming defensive. She sat and acknowledged she wasn't aware of everything (no CEO is), and asked for further detail. Now, did she actually fully effectively actually solve all the issues - yet to be seen [unlikely], but she did follow up.

Thus, producing the idea of "working with" and remaining pleasant, rather than against - as the Woolies CEO very clearly demonstrated.
 
@tharseo I don’t believe her assertion that she had never heard the term, ‘Colesworth’.

However she stuck to the script and wasn’t controversial or confronting.

Banducci cosplaying as a shelf stacker was pathetic though.
 
@pastorjeff2u She didn’t really answer any of the real question, it was almost comical how hard she refused to even acknowledge the insane market shares the big two have, and avoided any thing to do with the words “duopoly” and “anti competitive”.

Realistically we need them to be broken up. Or if that won’t happen, create incentives for either new Australian grocery stores, or foreign ones to come in.

I fear the government will use the same excuse to keep Qantas’s unfair position. That excuse being “protectionism”
 
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