Woolworths CEO Steps Down Amid Price-Gouging Allegations

Brad Banducci's resignation comes as the supermarket giant faces scrutiny over its pricing practices and market dominance.

Brad Banducci resigns as Woolworths CEO amid allegations of price-gouging, marking the end of his eight-year tenure.
Amanda Bardwell, head of Woolworths' e-commerce, is set to succeed Banducci in September.
Woolworths faces intense scrutiny over its pricing practices, with a Senate inquiry and ACCC investigation looming.
The supermarket giant reports a $511 million loss due to write-downs, despite a 2.5% increase in overall profits.
Banducci's departure ignites a national debate on supermarket competition and pricing fairness in Australia.