Cathy Smith joined Wal-Mart in 2010

Cathy Smith joined Wal-Mart in 2010

US retail giant Wal-Mart has confirmed its international chief financial officer Cathy Smith is to step down from her role.

Smith, who joined Wal-Mart in 2010, will leave at the end of the month to take a "leadership position" at an unidentified company, a spokesperson told just-style today (13 January).

On Cathy's departure, Brett Biggs, currently EVP and chief financial officer for Wal-Mart US, will join the international division to lead the finance team.

"I would like to personally thank Cathy for the integral role she's played in helping to build a strong international finance team and for her hard work during a time of significant transformation in our division," said Wal-Mart international CEO David Cheesewright in an internal memo.

Prior to joining Wal-Mart, Smith had been executive vice president and CFO at GameStop Corp.