Insiders

PayPal CFO John Rainey Leaving to Join Walmart as CFO

April 12, 2022 at 02:36 pm EDT

By Denny Jacob

PayPal Holdings Inc. said Tuesday that John Rainey, chief financial officer and executive vice president of global customer operations, is leaving the company to join Walmart Inc. as its chief financial officer.

The company's board has launched a formal search process to replace Mr. Rainey, who will remain at the company until late May. The board approved the appointment of Gabrielle Rabinovitch, senior vice president, corporate finance and investor relations, as interim chief financial officer following Mr. Rainey's departure.

The global customer operations team will join the risk, legal and customer operations organization led by Executive Vice President Aaron Karczmer.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

04-12-22 1636ET

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John Rainey

John D. Rainey holds the position of CFO & Executive VP-Global Customer Operations at PayPal Holdings, Inc. He is also on the board of Nasdaq, Inc. and Member of Wall Street Journal Cfo Network.
In his past career he was Chief Financial Officer & Executive Vice President of United Airlines Holdings, Inc. Chief Financial Officer, Director & Executive VP at United Airlines, Inc. and Senior VP-Financial Planning & Analysis at Continental Airlines, Inc. (both are subsidiaries of United Airlines Holdings, Inc.), Chief Financial Officer of PayPal, Inc., Principal at Ernst & Young LLP and Member-CFO Council at CNBC LLC.
He received an MBA and an undergraduate degree from Baylor University.

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