Edward Liddy Bio
Edward Liddy was a couple years into his "retirement" from Allstate Corp. when Treasury Secretary Henry Paulson sought him out for a daunting task: to lead the ailing American International Group out of near financial ruins.
Liddy stepped down as partner of the global equity firm Clayton, Dubilier & Rice and accepted the challenge. He's well qualified for the job. He led the initial public offering and 1995 spin-off of Allstate from Sears, Roebuck and Co., which he joined in April 1998 and served in a variety of financial and operating positions before being named chief financial officer in February 1992.
From 1986 to 1988, Mr. 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.
A dedicated philanthropist, Liddy currently serves on the boards of Northwestern University and the Museum of Science and Industry in Chicago. Previously, he was chairman of the board of Northwestern Memorial HealthCare and is a life trustee and former national chairman of the Boys & Girls Clubs of America. He also serves on the Civic Committee of the Commercial Club.
Liddy holds an M.B.A. from George Washington University and a B.A. from Catholic University of America.