:Walmart Inc has appointed PayPal Holdings Inc's finance head, John Rainey, as chief financial officer , the world's largest retailer said on Tuesday.
Rainey will take over as CFO effective June 6, replacing Brett Biggs, Walmart's finance chief since 2015, who announced his exit late last year. Rainey, who announced his departure from PayPal on Tuesday after almost seven years with the payments firm, joins Walmart at a time when retailers across the board are rushing to beef up their e-commerce businesses following the pandemic-led shift to online shopping.
Walmart in 2018 bought a majority stake in Indian online marketplace Flipkart in a $16 billion deal, its biggest overseas investment, and strengthened its U.S. e-commerce business by acquiring apparel retailers Modcloth and Bonobos.PayPal said it has appointed senior executive Gabrielle Rabinovitch as interim CFO and launched a formal search for Rainey's replacement.Source: Reuters
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart names Paypal's John Rainey as finance chiefWalmart Inc has appointed Paypal's John Rainey as chief financial officer effective June 6, the retailer said on Tuesday. (Reporting by Deborah Sophia in Bengaluru; Editing by Vinay Dwivedi)
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Walmart names Paypal's John Rainey as finance chiefWalmart Inc has appointed Paypal's John Rainey as chief financial officer effective June 6, the retailer said on Tuesday. (Reporting by Deborah Sophia in Bengaluru; Editing by Vinay Dwivedi)
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UK PM Boris Johnson and finance minister to be fined for lockdown breaches
Source: STForeignDesk - 🏆 4. / 71 Read more »
British PM Johnson and finance minister Sunak to be fined over lockdown partiesLONDON :Britain\u0027s Prime Minister Boris Johnson and his finance minister Rishi Sunak are to receive fines for breaching strict coronavirus lockdown rules, the government said on Tuesday, prompting calls for them both to resign. Police have been investigating 12 gatherings at Johnson\u0027s Downing Street office
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UK PM Johnson and finance minister Sunak to be fined over lockdown partiesLONDON — British prime minister Boris Johnson and his finance minister Rishi Sunak are to receive fines for breaching strict coronavirus lockdown rules, a government statement said on Tuesday (April 12).
Source: TODAYonline - 🏆 1. / 99 Read more »
Sri Lanka's surprise finance minister has a mountain to climbCOLOMBO : When former justice minister Ali Sabry visited Sri Lanka's president last Monday, it was for talks amid an economic crisis that has brought thousands of protesters on to the street and left the island nation short of fuel, medicine and power.By the time Sabry left the meeting with Gotabaya Rajap
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »