The move, described as a retirement, was made effective immediately on Tuesday. Paulino do Rego Barros Jr., the head of Equifax’s Asian operations, has been named interim CEO, and board member Mark Feidler has been named non-executive chairman.
Hackers exploited a software glitch to gain access to the trove of personal data, the company said. Equifax disclosed earlier this month that the data breach was discovered in July and believed to have taken place from mid-May to July.
The data believed to have been accessed included names, Social Security numbers, birth dates and addresses.
In a statement, Feidler said, “The Board remains deeply concerned about and totally focused on the cybersecurity incident.”
“We are working intensely to support consumers and make the necessary changes to minimize the risk that something like this happens again,” he said. “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.”
Smith had been Equifax's CEO since 2005.
In a statement, Smith called his tenure at Equifax “an honor, and I’m indebted to the 10,000 Equifax employees who have dedicated their lives to making this a better company.”
Although many analysts had applauded Equifax's performance under Smith, he and the rest of his management team had come under fire for lax security and its response to the breach.
Smith is expected to testify before Congress in early October.
The event formerly known as Home World has a new name and new location.Get totally inspired for spring as you find hundreds of ways to improve your home. Make your home the one you really want. Show open daily duringmall hours. Admission is free!
Landscaping and Outdoors
Get ready for Spring and Summer and transform your outdoor space into something that feels like you’re on vacation
Make sure to visit our demonstration stage during the entire show. There will be exciting demonstrations on how to re-purpose and design thanks to Monarch Market Affair.
Meet Barry Williams from The Brady Bunch
Join us as we welcome Me-TV superstar Barry Williams who played the iconic Greg Brady from The Brady Bunch TV Show. Meet him and get an autograph on February 10th stage side at center court in front of Macy’s.
The line will start forming when the Mall Opens, and Barry’s First appearance will be at 11 a.m.
Come prepared with your camera or cell phone for the Meet and Greet.