The Walmart store is in North Bergen, New Jersey. Walmart's profits increased in the latest quarter as e-commerce sales increased.
Walmart announced Monday that its Chief Financial Officer is leaving the company.
In a news release, the company said that the role of CEO will be filled by a successor and that the CEO will leave the company on January 31, 2023. He will remain a board member of Walmart's start-up, which is a joint venture with Ribbit Capital.
Walmart will consider internal and external candidates for the role.
Walmart is the country's largest private employer and has a well-known leader in the form of the 53-year-old man, who has worked for the company for 22 years. He has been Walmart's CFO for six years.
Prior to working at Walmart, Biggs worked at the big-box retailer. He was the chief financial officer for Walmart. He was senior vice president of international strategy, mergers and acquisitions, senior vice president of corporate finance, and senior vice president of operations for Sam's Club.
Walmart CEO Doug McMillon said in a news release that Biggs has helped the company become stronger as it grew its brick-and-mortar and e-commerce business.
He said that one of the most significant periods in the company's history had played a central role in the character and leadership ofBrett.
The time was right for him to step down, he said in the release.
He said in the release that he felt like the right time to move to the next chapter in his life was now.
