00:00 The board today, the chairman and everybody and Brad Banducci himself has said that it
00:07 had absolutely nothing to do with the events of Monday night, the Four Corners disastrous
00:11 interview where he insulted in many ways the former head of the ACCC and then stood up
00:16 and departed the interview midway through.
00:20 But it's difficult not to equate those two events.
00:23 I think it's important to realise though that that interview actually took place several
00:27 weeks ago.
00:28 It was broadcast Monday night, it took place several weeks ago.
00:31 So the board has had plenty of time to reflect on this.
00:34 It's not a knee jerk reaction of what's happened today.
00:37 And they have conducted some kind of a search for a replacement.
00:41 They said they did a global search, but in the tradition, I guess, of Woolworths, they
00:45 found somebody internal.
00:47 They found somebody just down the corridor, Amanda Bardwell, who runs the up and coming
00:52 division, which is the online grocery division.
00:55 So it's really hard not to equate the interview and the departure on the same day.
01:01 The share prices off around about 8% this morning.
01:04 So this has come as a bolt out of the blue for investors.
01:07 [BLANK_AUDIO]
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