Walmart Plans Search for New Finance Chief as Biggs Readies to Leave

By Colin Kellaher

Walmart Inc. on Monday said Brett Biggs, executive vice president and chief financial officer, plans to leave the retail giant after more than two decades to pursue new opportunities in the for-profit and non-profit sectors.

The Bentonville, Ark., company said it will consider internal and external candidates as it searches for a successor to Mr. Biggs, who has held his current post since Dec. 31, 2015.

Walmart said Mr. Biggs will begin transitioning from Walmart during the upcoming year, staying in the finance chief post until his successor is named and then assisting with the transition until he leaves the company at the end of January 2023.

Walmart said Mr. Biggs, who joined the company in 2000, also will remain a board member on its fintech startup joint venture with Ribbit Capital.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

11-29-21 0900ET