Richard Smith, the CEO of the credit monitoring company Equifax, has been under massive pressure given the breach of around 143 million accounts. These accounts include the private information of Americans, which are things like social security numbers, addresses, and birthdays.
Smith’s retirement is effective as of Tuesday morning.
The company’s stock has been in free fall and has lost nearly a quarter of its value in the last month, the “Squawk on the Street” news team points out, with two technology executives leaving the company a couple of weeks ago.
This appears to be the beginning of a long game of question and answer. There are still a lot of things that stand out as odd like, how did this breach happen? And why didn’t this transition happen any sooner?
Only time will tell.
