Former Woolworths boss Brad Banducci is set to join TEG, Ticketek’s parent company, as its CEO.
As part of its executive management shake-up, TEG’s long-standing CEO Geoff Jones has stepped into the role of chair after spending 14 years with the company.
“I am honoured to join TEG at this exciting time in its journey,” Mr Banducci said of his appointment.
The South Africa-born CEO said he would be following a personal passion for live events and a strong belief in the increasing importance of live experiences in his new role.
Mr Banducci will start at TEG on March 31.
Woolworths resignation
Mr Banducci announced his departure from Woolworths in February 2024, on the same day as the Australian supermarket giant posted a $781 million loss in its half-year financial report.
His announcement also came just days after ABC’s Four Corners aired footage of Mr Banducci walking out of an interview as part of its documentary on allegations of price gouging by the major supermarkets, Woolworths and its rival Coles.
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At its investor briefing in February, Woolworths chair Scott Perkins said the company had been actively looking for Mr Banducci’s successor since mid-2023, and that it had always been planning to announce his retirement on the day the half-year results were released.
Mr Banducci joined Woolworths in 2011 with the acquisition of the Cellarmasters Group, an online wine seller.
He was appointed Woolworths managing director and CEO in 2016.
