Equifax CEO “Retires” After Data Breach Scandal

Business Insider reports:

Equifax, the consumer-data giant that was targeted in a hack that exposed the personal data of nearly half the U.S. population, said its CEO is out effective immediately. Richard Smith will “retire” as Chairman of the Board and CEO effective September 26, 2017, according to a statement from the company’s board.

Board member Mark Feidler has been appointed as Non-Executive Chairman and Paulino do Rego Barros, Jr., who most recently served as President of Asia Pacific, has been appointed interim CEO. The Board will be looking for a new permanent CEO. “The Board remains deeply concerned about and totally focused on the cybersecurity incident,” Feidler said.