- Walmart Inc WMT has 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 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 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
