Walmart’s longtime CFO, Brett Biggs, is leaving the organization, the retailer reported Monday.
In a news release, the organization said Biggs will stay in the role until a replacement is named, assist with the progress and withdraw the organization on Jan. 31, 2023. He will likewise stay a board individual from Walmart’s fintech start-up, which is a joint endeavor with Ribbit Capital, through the change.
Walmart said it will think about internal and external candidates for the role.
Biggs, 53, has worked for the organization for 22 years and has served as a conspicuous leader for Walmart, which is the country’s biggest private employer. He has been Walmart’s CFO for almost six years, in the wake of starting in late 2015.
Before serving as Walmart’s CFO, Biggs climbed the ladder at the huge box retailer. He was CFO for Walmart International, Walmart U.S. and Sam’s Club. He likewise was senior VP of international methodology, consolidations and acquisitions; senior VP of corporate finance, and senior VP of operations for Sam’s Club.
Walmart CEO Doug McMillon said in a news release that Biggs has assisted the organization with becoming stronger as it developed its brick-and-mortar and e-commerce business — and weaved the two together.
“Brett’s high character and strong leadership have played a central role during one of the most significant periods in the company’s history,” he said.
In the release, Biggs said the time felt right to step down, after his over twenty years with the retailer.
“Given the tremendous positioning and momentum of the company, now felt like the right time to transition to the next chapter in my personal and professional life,” he said in the release.