PayPal Picks Financial Chief From United Airlines

Former United Airlines executive John D. Rainey has joined digital payments company PayPal as its new CFO, effective Aug. 24.

At United Airlines, Rainey served as the Executive Vice President and CFO. He brings with him a background in corporate finance, treasury, financial planning and analysis, tax, investor relations, strategic planning and risk management.

PayPal said Rainey also comes to his new role with an appreciation for the company and its position to drive global innovation.

“I couldn’t be more thrilled to welcome John to PayPal where he will undoubtedly make an immediate impact as we begin operating as an independent and publicly traded company,” Dan Schulman, president and CEO of PayPal, said in a company release. “I am particularly impressed with John’s ability to lead a financial function in a complex, industry-leading business, while maintaining an unrelenting focus on serving and advocating for his company’s customers.

“I believe that John and the entire PayPal team have an inspiring chance to provide financial freedom, flexibility and opportunity to millions of people worldwide.”

Rainey will replace Patrick Dupuis, who has served as PayPal’s CFO for five years. In the role, Rainey will run the company’s financial operations, regional finance teams and investor relations.

“I can’t imagine a more exciting time to join PayPal,” Rainey said. “PayPal is leading the transformation of money and the digitization of payments. Dan and his executive team recognize and appreciate that they’re making history, and I’m delighted to be a part of it.”

With more than 20 years of financial management experience, Rainey has held various positions of increasing responsibility in finance at both United Airlines and Continental Airlines, overseeing corporate finance, treasury, financial planning and analysis, tax, accounting, investor relations, fleet, procurement, internal audit and risk management and was responsible for United’s corporate strategy function.

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