Walmart Inc. mentioned Brett Biggs, its govt vp and chief monetary officer, plans to depart the retail large after greater than twenty years to pursue new alternatives in each the for-profit and nonprofit areas.
The Bentonville, Ark., firm on Monday mentioned it might think about inside and exterior candidates because it searches for a successor to Mr. Biggs, who has held his present publish since Dec. 31, 2015.
Walmart mentioned Mr. Biggs, who beforehand served as CFO of Walmart Worldwide, Walmart US and Sam’s Membership, will start transitioning from Walmart in 2022, staying within the finance chief publish till his successor is known as after which aiding with the transition till he leaves the corporate on the finish of January 2023.
Walmart mentioned Mr. Biggs, who joined the corporate in 2000, additionally will stay a board member on its fintech startup three way partnership with Ribbit Capital. Earlier than becoming a member of Walmart, Mr. Biggs held varied mergers and acquisitions and company finance positions with Leggett & Platt, Phillips Petroleum Co. and Value Waterhouse.
“Brett’s excessive character and robust management have performed a central function throughout probably the most vital durations within the firm’s historical past,” Walmart President and Chief Government Doug McMillon mentioned in a launch. “Brett has elevated the finance group and strengthened the staff by way of his dedication to excellence and expertise improvement.”
Supply: Live Mint