Paul Bodnar, managing director and global head of BlackRock's $500 billion sustainable investments platform, is leaving the firm to join the $10 billion charitable Bezos Earth Fund in April.
Mr. Bodnar's title and responsibilities at the Bezos fund were not immediately available, a spokeswoman for the Bezos fund said. The Washington, D.C.-based Bezos Earth Fund, which was founded by Jeff Bezos, executive chairman and former president and CEO of Amazon, is a non-profit organization which seeks to fund scientists, activists, non-governmental organizations and others that will drive climate change and nature solutions, according to the fund's website.
Mr. Bodnar said in a LinkedIn post Friday "after two years at BlackRock, the time has come for my next chapter. I will join the Bezos Earth Fund to help lead its work on climate finance, industry and diplomacy."
Mr. Bodnar will not be replaced in his current position, a BlackRock spokesman said in an interview.
Mr. Bodnar's "insights and leadership will continue to advance the sustainability discussion," said Philipp Hildebrand, BlackRock's vice chairman, and Dalia Blass, head of external affairs, in an employee memo Friday obtained by Pensions & Investments.
BlackRock managed a total of $8.59 trillion as of Dec. 31.
