by Kim Souza (ksouza@talkbusiness.net)
John Rainey will be Walmart’s next chief financial officer. He follows Brett Biggs who announced his retirement last year capping a 23-year career with the retail giant. Rainey will join Walmart on June 6, and Biggs will remain in a transition role until Jan. 31, 2023.
John Rainey
Rainey, 51, joins Walmart from PayPal where he is the company’s CFO and executive vice president for global customer operations. In this role, Rainey is responsible for all of PayPal’s financial operations. He also leads the company’s global customer operations, guiding PayPal’s efforts to deliver service experiences through its customer operations centers around the world.
Rainey’s initial base pay is set at $1 million, and a $5 million signing bonus will be paid over six months. He also is receiving a restricted stock package valued at $24 million.
https://talkbusiness.net/2022/04/walmart-tags-paypal-exec-as-next-cfo/