After breach, Equifax CEO leaves with $18 million pension, and possibly more

Credit reporting agency Equifax EFX, +0.91% said Tuesday its chairman and chief executive Richard Smith will retire, after a security breach at the company that potentially exposed about 143 million U.S. adults to identity theft.

Smith had spent 12 years in his role at Equifax. The company announced earlier this month that its chief information officer and chief security officer had also retired immediately. Equifax’s current board president of Asia Pacific, Paulino do Rego Barros, will serve as interim CEO, and current board member Mark Feidler will be non-executive chairman.

Smith won’t walk away empty-handed.

He won’t receive a “package” to retire, an Equifax spokesperson said.

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