Bradford Banducci is a

South African Australian South African Australians () are citizens or residents of Australia who are of South African descent. According to the 2021 Australian census, 189,207 Australian residents were born in South Africa, making up 0.7% of the country's population. ...

businessman and chief executive of TEG. He has attained degrees from the

University of KwaZulu-Natal The University of KwaZulu-Natal (UKZN; , ) is a public research university with five campuses in the province of KwaZulu-Natal in South Africa. It was formed on 1 January 2004 after the merger between the University of Natal and the University ...

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...

and the Australian Graduate School of Management in

Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

. He held roles at the

Boston Consulting Group Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the "Big Three (management consultancies), Big Three" (or MBB, the world's three large ...

, Tyro Payments and Cellarmasters before joining the Woolworths Group in 2011. Banducci was Managing Director and CEO of the Woolworths Group from 2016 to 2024.

Early life and education

Brad Banducci grew up in Boksburg, South Africa, where he worked with his father on selling

sewing machines Diagram of a modern sewing machine Animation of a modern sewing machine as it stitches A sewing machine is a machine used to sew fabric and materials together with thread. Sewing machines were invented during the first Industrial Revolution ...

. His success in this endeavour as a teenager resulted in him being named the top sewing machine salesman for three years in a row starting from age 16. At the same time, he went to school at Christian Brothers College (CBC). He then studied at the

where he completed a Bachelor of Commerce and a Bachelor of Law Degree. He moved to Australia in 1988, where he attended the Australian Graduate School of Management (AGSM), getting his Masters of Business Administration, Economics, Finance and Corporate Strategy and graduating in 1991.

Career

After receiving his MBA, Banducci worked for the

for 14 years serving as the Vice President and Director of the company, servicing clients in Australia, New Zealand and Asia Pacific regions. He then served as the CFO and Director of Tyro Payments before he became the

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of the Cellarmasters Group in 2007. Banducci joined the Woolworths Group in 2011 when they acquired Cellarmasters. In 2012, Banducci was made Director of the Woolworths Drinks business and then was made Managing Director of the Woolworths Food Group in March 2015. In February 2016, Banducci became the managing director CEO of the Woolworths Group. Banducci retired from the Woolworths Group in September 2024. The announcement of his intention to retire occurred days after Banducci made national headlines for walking out of an interview with the

ABC ABC are the first three letters of the Latin script. ABC or abc may also refer to: Arts, entertainment and media Broadcasting * Aliw Broadcasting Corporation, Philippine broadcast company * American Broadcasting Company, a commercial American ...

's ''Four Corners'' as part of their investigation into

price gouging Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disaste ...

by major supermarkets in Australia. During a Senate committee hearing on supermarket practices, Banducci was questioned about the company's financial performance and he stated that

return on equity The return on equity (ROE) is a measure of the profitability of a business in relation to its equity; where: : Jason Fernando (2023)"Return on Equity (ROE) Calculation and What It Means" Investopedia Thus, ROE is equal to a fiscal year's net in ...

(ROE) was not the right measure of the company's performance but rather return on capital employed (ROCE) was.

Australian Greens The Australian Greens, commonly referred to simply as the Greens, are a Left-wing politics, left-wing green party, green Australian List of political parties in Australia, political party. As of 2025, the Greens are the third largest politica ...

Senator

Nick McKim Nicholas James McKim (born 11 June 1965) is an Australian politician, currently serving as a Senator for Tasmania in the federal parliament. He was previously a Tasmanian Greens member of the Tasmanian House of Assembly elected at the 2002 ele ...

responded by threatening to hold Banducci in contempt. Banducci became CEO of

Ticketek Ticketek is an Australian event ticketing company. Founded in 1990, the company is owned by TEG Pty Ltd with its headquarters in Sydney. It operates ticketing operations for entertainment and sporting events in Australia and New Zealand. Othe ...

owner TEG in March 2025.

References

{{DEFAULTSORT:Banducci, Brad Living people 21st-century Australian businesspeople 21st-century South African businesspeople Australian chief executives Australian people of South African descent People from Boksburg South African emigrants to Australia University of KwaZulu-Natal alumni University of New South Wales alumni Woolworths Group (Australia) Year of birth missing (living people)