Thomas (Tom) F. Chapman, Equifax Inc. chairman and CEO since 1999, announced his plans to retire after a successor is named and the leadership transition is completed.
"I have been discussing with the Board of Directors my desire to retire sometime in late 2005," Mr. Chapman said. "For more than a century, Equifax has had a legacy as a trusted steward of business information. It has been an honor to serve this great company and its magnificent people for over 15 years. I look forward to working with the Board through the search process, and once the new CEO is in place, I will continue as Chairman of the Board to ensure a smooth and seamless transition."
"Tom Chapman's leadership, passion and accomplishments will be a tough act to follow. He is tireless in his pursuits to make Equifax better every single day," said Raymond Riddle, Equifax's lead director. "We respect and understand Tom's wishes to retire and are thankful to have his leadership during the CEO search process and transition."
Mr. Riddle further indicated that given today's complex business environment and the demands of a public S&P 500 company, the Search Committee is seeking an experienced leader with a proven track record of performance.