Walmart has poached PayPal's John Rainey to become its next chief financial officer
Walmart Inc. on Tuesday said it poached PayPal Holdings Inc.’s John Rainey to become its next chief financial officer.
Mr. Biggs, who joined Walmart in 2000 and became CFO in December 2015, will leave to pursue “opportunities in both the for-profit and nonprofit sectors,” Walmart said in a November statement. Walmart’s U.S. sales and profits have grown throughout the pandemic as shoppers stocked up on food and household goods. The companythat its revenue grew 2.4% to $572.8 billion for the year ended Jan. 31, compared to the previous year, while net income rose 1.7% to $13.9 billion.
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