Former president of eBay International and general manager of PayPal. After joining eBay in February 1999, Bannick held several senior executive...
Former president of eBay International and general manager of PayPal. After joining eBay in February 1999, Bannick held several senior executive roles, most recently as general manager of Global Development and Citizenship, in which he spearheaded eBay Inc.'s initiatives in corporate philanthropy and the developing world. Bannick's most significant accomplishments were with eBay International and PayPal. Bannick led eBay's early international efforts, expanding eBay's global presence from five countries in mid-2000 to 25 countries two years later, and growing international revenue from approximately $2 million per quarter to more than $100 million per quarter.
After eBay acquired PayPal in 2002, Bannick served as PayPal's first post-acquisition general manager, more than tripling its revenue in its first two years with eBay and expanding PayPal internationally. In December 2004, Bannick returned to eBay International as president, where he oversaw the continued global expansion of the eBay Marketplace until June of 2006. In 2005, international activity accounted for approximately half of gross merchandise volume on the eBay Marketplace.