Wir sind Ihre lokale Option ALLE Ihre HECM Reverse Mortgage Bedürfnisse zu befriedigen! Ihren Ruhestand sollte einfach ... Rufen Sie heute: 424 225 2167

Equifax CEO Richard Smith tritt nach Uproar über Massiver Hack

von admin
im Blog
Für diesen Beitrag wuden die Kommentare deaktiviert.

Equifax Inc. Chief Executive Officer Richard Smith stepped down, joining other senior 

Paulino do Rego Barros Jr., left, and Mark Feidler

Quelle: Bard Wrisley/Equifax

managers who left the credit-reporting company in the wake of an uproar over the theft of private data on 143 Millionen Amerikaner.

Smith will be replaced on an interim basis by Paulino do Rego Barros Jr., 61, a seven-year company veteran who was most recently president of the Asia-Pacific region, the Atlanta-based firm said Tuesday in a Erklärung. Board member Mark Feidler, a former BellSouth Corp. president, was named non-executive chairman.

The cybersecurity incident has affected millions of consumers, and I have been completely dedicated to making this right,” Smith said in the 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.

Equifax has drawn outrage from lawmakers and scrutiny from regulators since September. 7, wenn es offenbart einer der größten Cyber-Attacken in der Geschichte. Hacker stahl sensible Daten — einschließlich Sozialversicherungsnummern, Geburtsdaten und andere Informationen — für einen Großteil der erwachsenen US-. Bevölkerung. Smith wird nächste Woche über die Verletzung vor dem Kongress aussagen noch, Equifax Sprecherin Ines Gutzmer sagte in einer E-Mail.

Siehe auch: Equifax müssen Fragen trotz CEO Ruhestand beantworten: Waters

Senator Mark Warner, ein Virginia Demokrat, genannt Equifax “eine Farce” während einer Sitzung des Senats am Dienstag, sagen Smith’Rücktritt “is by no means enough.Senator Brian Schatz of Hawaii said the company needs to be held responsible for its actions.

A CEO walking out the door just days before he is to appear before Congress is an abdication of his responsibility,” Schatz, a Democrat, sagte in einer Erklärung.

Jaret Seiberg, a Cowen & Co. LLC analyst, said Smiths immediate departure could be apolitical positivefor Equifax, compared with him leaving under pressure after the hearings.

Equifax shares fell 1.3 Prozent auf $103.68 beim 11:33 a.m. in New York and have tumbled 27 percent since the hack was announced. Smiths departure is anincremental negative,” SunTrust Robinson Humphrey analyst Andrew Jeffrey said in a note to investors.

Rick Smith has been integral to Equifaxs impressive decade-plus long growth,” said Jeffrey, who has a buy rating on the stock. “We would have liked to see him weather this storm.

Smith has $18.4 million in retirement benefits and could stand to get millions of dollars more, including lifetime health coverage, according to a regulatory filing. A decision about how much he will receive will be deferred until the board completes its review of the breach, the company said Tuesday in an updated filing. He wont get a bonus for fiscal 2017.

Return Pay

Senator Elizabeth Warren, a Massachusetts Democrat, called on Smith and other Equifax executives to return some compensation and said Barros and Feidler should also testify before Congress.

“Es’s not real accountability if the CEO resigns without giving back a nickel in pay and without publicly answering questions,” Warren said in a statement.

Barros, who joined Equifax in 2010, was previously head of U.S. Information Solutions, the companys largest unit. Before joining the credit-reporting firm, he was founder and president of PB&CGlobal Investments and earlier was president of global operations for AT&T Inc.

Smith, who will remain as an unpaid adviser to the company, isnt the first executive to leave in the wake of the disclosure. The firms chief information and chief security officers departed as of Sept. 15, the company said in a statement that didnt identify the executives. David C. Webb, who joined the firm in January 2010, was previously chief information officer, Gemäß einer annual regulatory filing im Februar. Susan Mauldin had been chief security officer, according to her professional profile on LinkedIn and an Equifax press release von 2015.

GE Alumn

For more on Equifax, check out the podcast:

Mark Rohrwasser was named interim CIO and Russ Ayres was appointed interim CSO, reporting to Rohrwasser, according to the Sept. 15 Erklärung.

Smith joined Equifax as CEO in 2005 after spending more than two decades climbing ranks at General Electric Co., where he worked in divisions focusing on plastics, modular homes, car fleets and insurance. Over almost 12 years at Equifax, the companys stock more than quadrupled before the breach was announced.

On Sept. 13, Equifax conceded that hackers exploited a software vulnerability known as Apache Struts CVE-2017-5638. Computer-security specialists had publicly identified that weakness earlier this year, offering a patch to fix it in March. Equifax has said the breach happened sometime after mid-May and was discovered July 29.

This is the most humbling moment in our 118-year history,” Smith wrote in an op-ed posted to USA Todays website Sept. 12. “We apologize to everyone affected.

Zwei Tage später, Senate Minority Leader Chuck Schumer called for Smith and the companys board to quit. The incident isone of the most egregious examples of corporate malfeasance since Enron,” the Democrat said, referring to the Texas energy trader that collapsed in 2001 after lying about its finances.

Lawmakers have threatened to boost oversight of the industry, which is supposed to safeguard data that could be used for identity theft and fraud. The Federal Trade Commission announced a probe, citing theintense public interest and the potential impact.

    Weiterlesen: http://www.bloomberg.com/news/articles/2017-09-26/equifax-ceo-smith-resigns-barros-named-interim-chief-after-hack

    Diesen Artikel

    Kommentarfunktion ist geschlossen.

    Call Now Button