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Walmart Plans Seek for New Finance Chief as Brett Biggs Readies to Depart

Walmart Plans Seek for New Finance Chief as Brett Biggs Readies to Depart

Walmart finance chief Brett Biggs, proven talking in 2016, has been with the retailer since 2000.



Picture:

Nellie Doneva/Related Press

Walmart Inc.

mentioned

Brett Biggs,

its govt vice chairman and chief monetary officer, plans to go away the retail big after greater than 20 years to pursue new alternatives in each the for-profit and nonprofit areas.

The Bentonville, Ark., firm on Monday mentioned it will take into account inside and exterior candidates because it searches for a successor to Mr. Biggs, who has held his present put up since Dec. 31, 2015.

Walmart mentioned Mr. Biggs, who beforehand served as CFO of Walmart Worldwide, Walmart U.S. and Sam’s Membership, will start transitioning from Walmart in 2022, staying within the finance chief put up till his successor is called 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 numerous mergers and acquisitions and company finance positions with

Leggett & Platt,

Phillips Petroleum Co. and Value Waterhouse.

“Brett’s excessive character and powerful management have performed a central function throughout one of the vital vital intervals 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 workforce by his dedication to excellence and expertise improvement.”

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

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