THE WHAT? Walmart EVP and CFO Brett Biggs is to step down from his positions, and will begin transitioning from the company in the upcoming year.
THE DETAILS According to Walmart, Biggs will remain in his position until a replacement has been named in 2022, and will remain in a supportive role with the company until his departure on 31 January, 2023.
Both internal and external candidates are being considered for the role, with Biggs continuing to represent the company as a board member on Walmart’s FinTech startup joint venture with Ribbit Capital.
THE WHY? Having spent 22 years with Walmart, Biggs is said to be beginning a new chapter of opportunities in both the for-profit and non-profit sectors.
Walmart President and Chief Executive Officer Doug McMillon said, “Brett’s high character and strong leadership have played a central role during one of the most significant periods in the company’s history.
“His contributions have been a key to the important steps we’ve taken to transform the company on our omni journey. Brett has elevated the finance organization and strengthened the team through his commitment to excellence and talent development.”