Biggs, who has been with the retail giant for 22 years, will remain as CFO until a replacement is announced next year. He will remain as an associate until Jan. 31, 2023, to aid in the leadership transition. He will also remain as a board board member on Walmart’s FinTech startup joint venture with Ribbit Capital.
Biggs has served in the CFO role since Dec. 31, 2015. He originally joined Walmart in 2000. As CFO, he was responsible for accounting and controls, corporate strategy and development, business planning and analysis, global procurement, internal audit, treasury, tax and investor relations. He also held the roles of CFO fof Walmart International, Walmart U.S. and Sam’s Club, and served as senior vice president of international strategy, mergers and acquisitions, and as senior vice president of corporate finance. Biggs was also the senior vice president of operations for Sam’s Club.
Prior to Walmart, Biggs held various positions with Leggett & Platt, Phillips Petroleum Co. and Price Waterhouse.
“My time at Walmart these past 22 years has been incredible,” Biggs said in statement. “It has been a privilege to work alongside [CEO] Doug [McMillon], our leadership team and the many talented individuals throughout the company and finance organization. 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. 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.”