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Walmart plans to search for new CFO as Brett Biggs prepares to leave


Walmart CFO Brett Biggs, speaking in 2016, has worked with the retailer since 2000.


Photo:

Nellie Doneva / Associated press

Walmart Inc.

said Brett Biggs, its 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 fields.

The Bentonville, Ark. Company said Monday it would consider internal and external candidates as part of the search for a successor to Mr. Biggs, who has been in his current role since December 31, 2015.

Walmart said Mr. Biggs, who was previously chief financial officer of Walmart International, Walmart US and Sam’s Club, will begin Walmart’s transition in 2022, remaining as chief financial officer until his successor is appointed and then assistant. transition until he leaves the company at the end of January 2023.

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

Prior to joining Walmart, Mr. Biggs held various M&A and corporate finance positions at Leggett & Platt.,

Phillips Petroleum Co. and Price Waterhouse.

“Brett’s high character and strong leadership have played a pivotal role during one of the most significant periods in the company’s history,” said Walmart President and CEO Doug McMillon , in a press release. “Brett elevated the financial organization and strengthened the team through his commitment to excellence and talent development. “

Write to Colin Kellaher at colin.kellaher@wsj.com

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