George Soros, the billionaire investor, on Wednesday named Christopher Stone, a well-known expert on criminal justice, the new leader of his unconventional philanthropic empire. Stone, a professor at Harvard's John F. Kennedy School of Government, will fully take the helm in July of the Open Society Foundations, a sprawling constellation of more than 30 organizations that operate in places as diverse as Baltimore, Jakarta, the Kremlin and Congress.
He will succeed Aryeh Neier, who is retiring at 74 after serving as the Open Society's president since 1993. Soros said Stone will be charged with unifying and streamlining the “very complex organization.” Soros has never endowed his collection of foundations, but he often gives away enough money in a year to make Open Society the most generous philanthropy in the country after the Bill & Melinda Gates Foundation. It is on track to give away about $860 million this year.