Australia's major supermarket chain announces shock departure of CEO

SYDNEY, Feb. 21 (Xinhua) -- Australia's major supermarket chain Woolworths on Wednesday confirmed that Brad Banducci, managing director and chief executive officer (CEO) of the group, would step down from the top role in September.

Banducci would retire after spending 13 years with Woolworths Group, including eight and a half years as CEO, with Amanda Bardwell named as his replacement and to take office on Sept.