Wal-Mart Stores Appoints Brett Biggs As New CFO - Quick Facts

(RTTNews) - Wal-Mart Stores, Inc. (WMT) announced the appointment of Brett Biggs as its new chief financial officer or CFO. Biggs will succeed Charles Holley, who has elected to retire as the company's chief financial officer.

The company said the change will be effective Dec. 31, 2015, and Holley will stay on until Jan. 31, 2016, to help with the transition. Holley has served as Walmart's executive vice president and chief financial officer since December 2010.

Since January 2014, Biggs has served as executive vice president and chief financial officer of Walmart International, where he is responsible for international strategy and finance activities, including business planning and analysis, financial services, and support for real estate and mergers and acquisitions.

Prior to his current role, Biggs served as chief financial officer of Walmart U.S. from January 2012 until January 2014, and as senior vice president, Sam's Club Operations, from September 2010 until January 2012.