TEG publicizes Brad Banducci as new CEO after 2024 | Australian Markets
Brad Banducci, former chief govt of Woolworths Group, has landed the highest job with an Australian leisure giant.
On Thursday, TEG introduced present chief govt Geoff Jones has been promoted to chair, with Mr Banducci introduced in to fill his seat.
“I am honoured to join TEG at this exciting time in its journey,” Mr Banducci stated.
“In this new role, I am following both a personal passion for live events and a strong belief in the increasing importance of live experiences in general,” Mr Banducci stated.
The previous Woolworths chief govt takes the helm after Mr Jones led the leisure company for 14 years, together with its transformation from Ticketek to TEG.
Talking about Mr Banducci’s appointment, Mr Jones stated: “I am delighted to pass the baton to Brad, whose proven track record makes him the ideal leader to guide TEG into its next phase.”
“As Chairman, I look forward to working with Brad and the Team to continue to grow the Business.”
Mr Banducci resigned from Woolworths Group after a practice wreck interview with the ABC, the place the then-chief govt walked out of an interview discussing pricing practices.
Whereas talking with 4 Corners reporter Angus Griggs, Mr Banducci requested for some of his feedback to be eliminated, then walked out when he was instructed he was “on the record”.
“I think I’m done guys,” Mr Banducci stated as he bought up from his seat.
“I do this with good intent, I don’t do this with bad intent.”
Mr Banducci walked away as members of the teams PR group raced to intervene. He later returned, not acknowledging the incident again within the interview.
Weeks later, Mr Banducci knowledgeable the board that he meant to retire, stating he would go away the grocery store giant in September 2024.
“It has been a privilege to be a member of the Woolies team and one I have never taken for granted,” he stated in February 2024.
Mr Banducci will begin at TEG on 31 March 2025.
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