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AAP
AAP
Kat Wong and Derek Rose

Woolies CEO quits as pressure and grocery prices rise

Word of CEO Brad Banducci's departure came as Woolworths posted a $781 million first-half loss. (Joel Carrett/AAP PHOTOS)

Woolworths boss Brad Banducci will step down within months as rising grocery prices place supermarket giants under the microscope.

Mr Banducci will finish in September after 13 years working for Woolworths Group, including eight-and-a-half years as chief executive.

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