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Walmart Hires PayPal’s John Rainey as CFO to Succeed Biggs

  • New finance chief will start work at retail giant on June 6
  • Walmart had previously announced current CFO’s plans to exit
John Rainey

John Rainey

Photographer: David Paul Morris/Bloomberg
Updated on

Walmart Inc. named PayPal Holdings Inc. Chief Financial Officer John Rainey as its new finance chief, turning to a company outsider as it seeks to build a financial-technology venture and a membership program. 

Rainey will start his new job June 6, Walmart said in a statement Tuesday. A veteran of United Airlines who jumped to PayPal in 2015, Rainey will replace Brett Biggs, who last year announced plans to leave Walmart by early 2023.