(Reuters) - U.S. credit reporting firm Equifax Inc said on Tuesday its Chief Executive Richard Smith will retire, a week before he was expected to testify before a Senate Banking Committee in the wake of a massive cyber attack.
Equifax disclosed earlier this month that personal details of up to 143 million U.S. consumers were accessed by hackers between mid-May and July, in one of the largest data breaches in the United States.
"At this critical juncture, I believe it is in the best interests of the company to have new leadership to move the company forward," Smith said.
(Reporting by Supantha Mukherjee in Bengaluru; Editing by Sai Sachin Ravikumar)
UNITED STATES - MARCH 15: Equifax CEO Richard F. Smith speaks with Bloomberg News reporters on Thursday, March 15, 2007, in San Francisco, California. (Photo by Noah Berger/Bloomberg via Getty Images)
Close-up of the upper corner of a consumer credit report from the credit bureau Equifax, with text reading Credit File and Personal Identification, on a light wooden surface, September 11, 2017. In September of 2017, a data breach at Equifax exposed the personal information of thousands of customers. (Photo via Smith Collection/Gado/Getty Images).
Sign with logo and a portion of the main building are visible at the headquarters of credit bureau Equifax in downtown Atlanta, Georgia, September 20, 2017. In September of 2017, a data breach at Equifax exposed the personal information of thousands of customers. (Photo via Smith Collection/Gado/Getty Images)
A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 15, 2017. Rediscovering their love for U.S. stock funds, investors added the most money since Juneï¿½during the past week,ï¿½as the Trump administration plotted strategy for pushing a tax overhaul and the S&P 500 rose to a record. Photographer: Michael Nagle/Bloomberg via Getty Images