Walmart's CFO to leave the company after 22 years

Dive Brief:

Longtime Chief Financial Officer Brett Biggs is leaving Walmart after 22 years to pursue new opportunities in both the for-profit and non-profit sectors.
Biggs officially leaves the company on Jan. 31, 2023, Walmart announced Monday. Until then, he will remain the CFO until the company finds a successor, and then he will support the transition as an associate for the remainder of his time.
Walmart said Biggs will also remain a board member on Walmart's fintech startup with Ribbit Capital as part of the transition.

Dive Insight:

Biggs' successor has big shoes to fill. As CFO, Biggs is responsible for accounting and controls, corporate strategy and development, business planning and analysis, global procurement, internal audit, treasury, tax and investor relations.

Walmart said it is taking internal and external candidates into consideration for the role.

"Our company has never been stronger, and I believe we're set up for continued success to serve customers and deliver a retail experience unlike any other company," Biggs said in a statement. "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."

Briggs is leaving Walmart for new opportunities in various sectors.

Courtesy of Walmart

Biggs has been the retailer's executive vice president and CFO since late December 2015, but has held various positions since joining the company in 2000. He was previously the CFO for Walmart International, Walmart U.S. and Sam's Club. Biggs had also been senior vice president of international strategy, mergers and acquisitions, and senior vice president of corporate finance at the company.

"His contributions have been a key to the important steps we've taken to transform the company on our omni journey," Walmart CEO Doug McMillon said in a statement. "Brett has elevated the finance organization and strengthened the team through his commitment to excellence and talent development."

Before joining Walmart, Briggs held roles such as assistant director of mergers and acquisitions at Leggett & Platt, and auditor at Price Waterhouse.