Walmart Inc. (WMT) announced Monday that it will begin the search for a successor to Chief Financial Officer Brett Biggs, who has been with the company for 22 years and became CFO on Dec. 31, 2015. Biggs will stay on in the CFO role until a new CFO is named, and then will aid with the transition until he steps down on Jan. 31, 2023. Biggs is leaving to pursue opportunities in the for-profit and nonprofit sectors. Walmart will consider both internal and external candidates for the job. Shares of the retail giant have edged up 0.5% for the year to date while the Dow Jones Industrial Average has gained 14% for the period.
(END) Dow Jones Newswires
November 29, 2021 08:42 ET (13:42 GMT)
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