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Benzinga
Benzinga
Business
Shivani Kumaresan

Walmart Appoints PayPal CFO John Rainey As Finance Head

  • Walmart Inc (NYSE:WMThas appointed John Rainey as its Executive Vice President and Chief Financial Officer (CFO), effective June 6, 2022.
  • Rainey joins the company from PayPal Holdings Inc (NASDAQ:PYPL), where he currently serves as the CFO and EVP, Global Customer Operations.
  • After almost seven years at PayPal, Rainey is leaving the company to join Walmart.
  • He is also on Nasdaq Inc's (NASDAQ:NDAQ) board of directors.
  • The company previously announced that Brett Biggs, who currently serves as CFO, would be leaving to begin a new chapter of opportunities in both the for-profit and nonprofit sectors. Biggs will remain in the CFO role until June 6, 2022, and then serve as an advisor until he leaves the company on Jan. 31, 2023.
  • Price Action: WMT shares closed lower by 0.67% at $153.25 on Tuesday.
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