Equifax CEO steps down after data breach; he’ll still get $18-million pension – Los Angeles Times

Equifax announced Tuesday that its chief executive would step down effective immediately, weeks after the credit-reporting company disclosed a massive data breach.

Richard Smith, who also served as chairman of the Equifax board, is the latest casualty at the company as a result of the breach, which exposed the Social Security numbers and birthdates of as many as 143 million people.

The board appointed Paulino do Rego Barros Jr., a seven-year veteran of the company who most recently served as its Asia Pacific region president, as interim CEO. The board also appointed independent member Mark Feidler to serve as non-executive chairman.

Equifax said it would start a search for a permanent CEO and would consider candidates from outside the company.

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