Headlines

Walmart Plucks Paypal CFO for Same Role

He’ll take up the position this summer

Published

2 years ago

April 13, 2022

VMSD Staff

Walmart (Bentonville, AR) has named John Rainey its new CFO, hiring him away from PayPal (San Jose, CA), where he has held the same position for almost seven years. He will assume his new role on June 6.

John Rainey

As PayPal’s chief of finance, he’s responsible for the company’s financial operations and leads its global customer operations team.

Prior to PayPal, Rainey was Executive Vice President and CFO at United Airlines and spent a combined 18 years between United and Continental Airlines. He began his professional career at Ernst & Young LLP.

Walmart previously announced that Brett Biggs, who currently serves as CFO, would be leaving to begin new opportunities in both the for-profit and nonprofit sectors. Biggs will support the transition to Rainey over the coming months.

Related Topics:new hires and promotions Walmart

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

click to Comment(Comment)

Up Next

Scotch & Soda to Open 20 New Stores

Don't Miss

Nathan’s Famous to Incentivize Store Visits with New Technology

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design