Today, it was announced that Richard Smith, CEO and chairman of Equifax, is retiring after a recent data breach. It’s very strange timing considering the breach is projected to have exposed the names, Social Security numbers, birth dates, addresses and other sensitive information of over 143 million people! Smith was also set to testify before a Senate Banking Committee about the hack next week.

“Speaking for everyone on the board, I sincerely apologize,” Mark Feidler, the Equifax board’s new chairman, said in a statement today. “We have formed a special committee of the board to focus on the issues arising from the incident and to ensure that all appropriate actions are taken.”

While this cyber attack is under investigation by the FBI, Smith appears to be getting a slap on the wrist as he leaves the company!

Via NY Times:

“Mr. Smith will not receive a bonus in 2017 and will serve as an unpaid consultant to the company for up to 90 days, according to a financial filing. The company did not immediately answer questions about whether or under what circumstances he might have to repay any compensation he has already received.”

 

 

Paulino do Rego Barros Jr., the president of Equfax’s Asia-Pacific region, has been appointed interim chief executive.

 

TSR STAFF: Talia O. @theclosetratchet on IG, @tallyohhh on Twitter
Source: https://mobile.nytimes.com/2017/09/26/business/equifax-ceo.html?smid=tw-nytimes&smtyp=cur&referer=https://t.co/nsR1KIFrkM?amp=1

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