The company announced that the Chief Information Officer and Chief Security Officer are retiring. Mark Rohrwasser has been appointed interim Chief Information Officer. Mr. Rohrwasser joined Equifax in 2016 and has led Equifax's International IT operations since that time. Russ Ayres has been appointed interim Chief Security Officer. Mr. Ayres most recently served as a Vice President in the IT organization at Equifax. He will report directly to the Chief Information Officer. The personnel changes are effective immediately.
http://www.prnewswire.com/news-releases/equifax-releases-details-on-cybersecurity-incident-announces-personnel-changes-300520691.html
But none of the "retiring" executives were listed among those who sold shares before the breach was announced:
As first reported by Bloomberg News, Chief Financial Officer John Gamble banked $946,374 on the sale, U.S. Information Solutions President Joseph Loughran made $584,099 and Consumer Information Solutions President Rodolfo Ploder earned $250,458. In the same filing, Loughran exercised an option to buy 3,000 shares at a price of $33.60.
While Equifax did not return a call from MarketWatch on Thursday, a company spokesperson told The Guardian and Gizmodo that the executives had “no knowledge” of the breach at the time they sold their shares.
Most executives set up what is referred to as a 10b5-1 plan to sell shares on regular schedules, in order to avoid accusations of insider trading. Sales that are part of those plans are typically noted on the SEC filings, but none of the Equifax executives said they were pre-scheduled.
EDIT
http://www.marketwatch.com/story/equifax-executives-sold-stock-after-data-breach-before-informing-public-2017-09-07
= new reply since forum marked as read
