Walmart Veteran Biggs to Step Down as CFO Next Year

Walmart Veteran Biggs to Step Down as CFO Next Year
A shopper loads items into her car in the parking lot of a Walmart in Willow Grove, Pa., on May 19, 2021. Matt Rourke/AP Photo
Reuters
Updated:

Walmart Inc. said on Monday longtime executive Brett Biggs will step down from his role as chief financial officer of the world’s largest retailer next year.

Biggs, the finance chief since 2015, helped oversee a period of rapid change at Walmart as the brick-and-mortar retailer launched and expanded a number of initiatives to help fend off competition from Amazon.com Inc.