Published October 9, 2015 9:27am EDT | Updated October 9, 2015 10:05am EDT

Wal-Mart Names Brett Biggs CFO To Replace Charles Holley, Who Is Retiring

Wal-Mart Stores Inc. said Friday it has appointed Brett Biggs as its new chief financial officer to replace Charles Holley, who is retiring. Biggs, who is currently executive vice president and CFO of Walmart International, will take up his new role on Dec. 31. Shares were not yet active in premarket trade, but are down 22% in the year so far, while the Dow Jones Industrial Average has lost 4.3%.