Walmart Appoints PayPal CFO John Rainey As Finance Head

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.