Walmart appoints Rainey as CFO

BENTONVILLE, ARCHE. — Walmart Inc. named John Rainey executive vice president and chief financial officer, effective June 6. He will succeed Brett Biggs, who will leave the company.

Mr. Rainey is currently Chief Financial Officer and Executive Vice President of Global Customer Operations at PayPal. Prior to PayPal, he was executive vice president and chief financial officer at United Airlines, one of the world’s largest airlines, and spent a combined 18 years between United and Continental Airlines. He began his professional career at Ernst & Young LLP.

“John has a proven track record of driving large-scale change in customer service organizations that innovate in their fields,” said Doug McMillon, president and CEO of Walmart. “I am confident that John’s combination of financial and digital acumen, coupled with his experience leading finance in complex and highly competitive industries, will help us meet the needs of our customers and shareholders as we continue transform our business.”

Mr. Rainey is also a member of the Nasdaq Board of Directors, where he is a member of the Audit Committee and Chairman of the Finance Committee. He also sits on the advisory board of the Hankamer School of Business at Baylor University.

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