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Prior to forming Paradigm Capital, Ed Condon was
Vice President and Corporate Treasurer of Sears, Roebuck and Company. He retired in 1993
after 27 years with the company. He was first elected Assistant Treasurer in 1976 and in
1984 assumed additional responsibilities as Corporate Director of Banking worldwide. In
this capacity he oversaw banking for all Sears entities including their principal
subsidiaries -- Allstate Insurance Company, Dean Witter Reynolds, and Coldwell Banker. As
the companys primary representative to the financial community, Condon worked with
more than 3,500 banking relationships and arranged for committed credit facilities in
excess of $16 billion. He developed Sears cash management operations which
ultimately led to Sears industry leadership in electronic data interchange.
Additionally, Condon was one of the four members of the task force that analyzed the
viability of Sears entry into the multi-purpose credit card, now the widely used
"Discover Card."
As Sears Treasurer, Condon held various
management and director responsibilities throughout the company. Principal among these
were Director and Chairman of the Executive Committees of Sears Roebuck Acceptance Corp.
and Discover Credit Corp.; President and Chief Executive Officer of Sears Receivables
Financing Group, Inc. and Sears Credit Corp.; and Senior Managing Director of Sears
Overseas Finance Company, N.V.
Condon currently serves as a Member of the Board of Managers of The Liberty Hampshire Company, LLC, Chicago; Board of Trustees of Northern Trust Companys family of institutional mutual funds in Chicago; Director of Financial Pacific Company, Tacoma; Advisory Board of Real-Time USA, Inc., Oak Brook; Vice Chairman and Director of Energenics L.L.C., Indiana; Member of the Board of Directors of the Alzheimer's Research and Resource Foundation, Washington, D.C.; Member of the Board of Directors of the Girl Scouts of Chicago; and a Member of the Board of Trustees of Dominican University, River Forest. Professional memberships include the National Association of Corporate Treasurers, Financial Executives Institute and the Japan America Society. A native of Chicago, Condon is a 1963 graduate of the College of the Holy Cross in Worcester, Massachusetts. He served as a First Lieutenant in the United States Air Force.
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Copyright © Paradigm Capital Ltd. 1998. |