Biography: Edward M. (Ed) Liddy

Episode 406:
STAKING A CLAIM TO THE FUTURE:
Putting Technology in Good Hands

Featured Guest:
Edward M. (Ed) Liddy, Chairman and CEO
The Allstate Corporation

Edward M. Liddy is chairman and chief executive officer of The Allstate Corporation and Allstate Insurance Company, the largest publicly held personal lines insurance company in the United States. Prior to becoming chairman on January 1, 1999, he served as president and chief operating officer.

Before joining Allstate in August 1994, Liddy was employed by Sears, Roebuck and Company. He joined Sears in April 1988 and served in a variety of financial and operating positions before being named chief financial officer in February 1992.

From 1986 to 1988, Liddy was executive vice president of ADT, Inc., where he was also a member of the board of directors. Previously, he served for seven years in a series of positions with G.D. Searle & Co. where his last post was senior vice president and chief financial officer.

Liddy serves on the board of directors of 3M Company and The Goldman Sachs Group, Inc. He is active in industry affairs, serving on the boards of the Insurance Institute for Highway Safety and Insurance Information Institute. He is also a member of the Financial Services Forum, The Business Roundtable and Catalyst -- the leading non-profit organization working to advance women in business.

Liddy is also involved in charitable and civic endeavors. He is chairman of Northwestern Memorial HealthCare and serves on the boards of Boys & Girls Clubs of America, Northwestern University and the Museum of Science and Industry. He also serves on the Civic Committee of the Commercial Club and the Executives' Club of Chicago.

A native of New Brunswick, New Jersey, Liddy is a 1968 graduate of Catholic University of America and, in 1972, earned a master's degree in Business Administration from George Washington University.