Wal-Mart names executive with international wing as next CFO
Wal-Mart named Brett Biggs, an executive in its international division, as its next chief financial officer Friday. Biggs will take over on Dec. 31, though Charles Holley, 59, who is retiring, will remain with Wal-Mart for a month to help with the transition. Biggs, 47, has been CFO and executive vice president of Wal-Mart's international business since 2014. He has played a number of roles at Wal-Mart since joining the company in 2000. Holley has been CFO for nearly five years and has been with the company for more than two decades.
Wal-Mart, the world's largest retailer, is trying to boost sales. It has increased spending on its online operations to compete with Amazon.com and other online retailers, and it is trying to improve its selection and customer service at stores.
— Associated Press
Comment threads are monitored for 48 hours after publication and then closed.