As managing partner, Matt Bannick leads Omidyar Network’s operations and strategy. He works closely with the co-founders and board of directors to ensure that Omidyar Network achieves its long-term mission and strategic objectives.
Previously, Bannick was an executive at eBay Inc. for eight years, serving as the president of eBay International and the president of PayPal. As President of eBay International, Bannick grew eBay’s footprint from 5 to 25 countries and grew eBay International’s annual revenue run rate from $10 million to $2 billion. As PayPal’s first post-acquisition president, he helped triple revenue in two years and set the stage for PayPal’s remarkable success. Bannick also spearheaded eBay’s initiatives in Global Development and Citizenship.
Prior to eBay, Bannick was the North American president of NavTeq, a management consultant with McKinsey & Company and a US diplomat in Germany. Bannick serves on the boards of Bridge International Academies, Endeavor, the GIIN and Landesa. He earned an MBA with distinction from Harvard Business School and a bachelor’s degree, Phi Beta Kappa, in international studies and economics from the University of Washington.