Walmart CFO Brett Biggs to retire by Jan 31, 2023; successor search underway

Walmart Inc.

Biggs will remain CFO until successor named, then transition role until Jan 31, 2023.
During transition period, Biggs receives $1M annual base salary; no bonus or future equity.
Post-retirement: $2M payment over two years and accelerated vesting of 6,800 restricted shares.
Company will consider internal and external candidates; Biggs to continue on FinTech joint venture board.
Biggs has served as CFO since Dec 2015 and with Walmart for 22 years.

item 5.02 item 9.01

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Departed

M. Brett Biggs

Executive Vice President and Chief Financial Officer

WMT · Walmart Inc.

Filed: November 29, 2021, 6:59 PM ET

On November 26, 2021, M. Brett Biggs, age 53, the Company’s Executive Vice President and Chief Financial Officer, notified Walmart Inc. (the “Company”) of his intent to retire as the Company’s Executive Vice President and Chief Financial Officer

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Executive change SEC 8-K Item 5.02 confidence 0.95

M. Brett Biggs departed as Executive Vice President and Chief Financial Officer at Walmart Inc..

Action: retire
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On November 26, 2021, M. Brett Biggs, age 53, the Company’s Executive Vice President and Chief Financial Officer, notified Walmart Inc. (the “Company”) of his intent to retire as the Company’s Executive Vice President and Chief Financial Officer

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Source: SEC EDGAR

accession 0000104169-21-000068

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