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.
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.