This week, following an interview that was largely regarded as terrible, the chief was under increasing pressure.
Mr. Banducci became enraged with the line of inquiry and turned to walk away from the reporter.
One of the most concentrated grocery marketplaces in the world is found in Australia.
With 65% of the market, Woolworths, the biggest retailer in the country, and Coles, its competitor, have come under fire for their business strategies as the nation struggles with a shortage of affordable housing.
The Woolworths Group said in a statement to the Australian Stock Exchange (ASX) on Wednesday that Mr. Banducci would retire in September.
The 59-year-old has worked for the company for 13 years, eight of those as CEO.
Board chair Scott Perkins stated, “History will judge Brad to have been one of [the firm’s] finest leaders.”
Amanda Bardwell, the company’s head of e-commerce, will take over for him.
Woolworths Group is the owner of numerous companies in Australia and New Zealand, such as the liquor chain BWS, the New Zealand supermarket brand Countdown, and the bargain department store Big W.
