July 13, 2011—The Global Impact Investing Network (GIIN) today named Luther Ragin, Jr. as its first Chief Executive Officer (CEO). The Global Impact Investing Network is the leading non-profit organization dedicated to the development of a successful impact investing industry. Impact investments aim to address social or environmental challenges while generating financial returns. Mr. Ragin will assume the role of GIIN CEO beginning in September.

Mr. Ragin’s appointment comes almost two years since the formal launch of the Global Impact Investing Network was announced by President Bill Clinton, JPMorgan Chase Chief Executive Officer Jamie Dimon, Rockefeller Foundation President Judith Rodin, and USAID Office of Development Partners Director Karen Turner at the Annual Meeting of the Clinton Global Initiative in September 2009. Omidyar Network, one of the founding members of the GIIN Investor’s Council, led the GIIN’s global CEO search through its human capital team.

Read the full press release here.