Omidyar's new Managing Director

Matt Bannick, who was heading up eBay's Corporate Philanthropy group since March 2006, has now been recruited as Managing Director of Omidyar's Network. Smart move by Omidyar - Bannick brings a wealth of experience from his role as former president of eBay International & general manager of PayPal plus his recent work heading up Corporate Philanthropy.

Bannick will lead Omidyar Network's expansion beyond for-profit and nonprofit investments into public policy and other areas that enhance the organization's reach and impact.