Equifax has abruptly announced the retirement of Richard Smith as chairman of the board and CEO, effective today. Mark Feidler, a current board member, was named non-executive chairman and Paulino do Rego Barros Jr., who previously as president for the company’s Asia Pacific operations, was named interim CEO.
“The cybersecurity incident has affected millions of consumers, and I have been completely dedicated to making this right,” he said in a statement
. “At this critical juncture, I believe it is in the best interests of the company to have new leadership to move the company forward.”
The company also announced plans to search for a new CEO, noting that it would be “considering candidates both from within and outside the company.”