Longtime Walmart CFO Brett Biggs leaves the company
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw profits jump in the last quarter as e-commerce sales increased during the coronavirus pandemic.
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Longtime Walmart CFO Brett Biggs is leaving the company, the retailer said on Monday.
In a press release, the company said Biggs would remain in office until a successor is appointed, help with the transition and leave the company on January 31, 2023. He will also remain on the board of directors of the Walmart’s fintech startup, which is a joint venture with Ribbit Capital, as part of the transition.
Walmart said it would consider internal and external candidates for the job.
Biggs has worked for the company for 22 years and was a key executive at Walmart, the country’s largest private employer. He has been the chief financial officer of Walmart for nearly six years, having started at the end of 2015.
Before becoming chief financial officer of Walmart, Biggs rose through the ranks at the big box retailer. He was CFO of Walmart International, Walmart US and Sam’s Club. He was also senior vice president of international strategy, mergers and acquisitions; Senior Vice President of Corporate Finance; and senior vice president of operations for Sam’s Club.
Walmart CEO Doug McMillon said in a press release that Biggs has helped the company grow stronger as it grows its physical and e-commerce businesses – and has woven the two together.
“Brett’s high character and strong leadership played a pivotal role during one of the most significant periods in the company’s history,” he said.
In the statement, Biggs said now is the time to step down after more than two decades with the retailer.
“Given the tremendous positioning and momentum of the company, I now felt like the right time to move on to the next chapter in my personal and professional life,” he said in the statement.