Walmart taps PayPal's finance chief John Rainey as CFO

FILE PHOTO: Walmart's logo is seen outside one of its stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski

(Reuters) -Walmart Inc has appointed PayPal Holdings Inc's finance head, John Rainey, as chief financial officer (CFO), 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.