Morley will be replaced by Beatrice Macdonald, who has previously worked for Kingfisher and Woolworths in marketing and commercial roles.
Woolworths chief executive Trevor Bish-Jones said: 'Octavia has made a valuable contribution to the business and will be missed. We wish her the best of luck, and thank her for her support in a busy stage of Woolworths' development.'
Morley is having her third child and has decided to take a career break to spend time with her family.
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