Walmart has revealed that John Rainey will be its Chief Financial Officer from June, replacing Brett Biggs who announced his exit late last year.
Rainey is joining the world’s largest retailer from PayPal where he currently serves as the company’s CFO and Executive VP, Global Customer Operations. Prior to his seven-year spell at the payments provider, he worked for United Airlines and Ernst & Young.
“John has a proven track record of leading change at scale in customer service organizations innovating in their fields,” said Walmart President and Chief Executive Officer Doug McMillon.
“I’m confident that John’s mix of financial and digital acumen, coupled with his experience leading finance in complex, highly competitive industries, will help us deliver for our customers and shareholders as we continue to transform our company.”
Biggs will serve as an adviser until he leaves the company in January 2023.
Rainey joins Walmart at a time when it is beefing up its e-commerce operations following the pandemic-led shift to online shopping.
