Brian Schatz

Equifax CEO steps down in the wake of damaging data breach

Equifax CEO Richard Smith stepped down Tuesday, less than three weeks after the credit reporting agency disclosed a damaging data breach that exposed highly sensitive information for about 143 million Americans.

His departure follows those of two other high-ranking executives who left in the wake of the company's admission that hackers exploited a software flaw that it did not fix to access Social Security numbers, birthdates and other personal data that provide the keys to identify theft.

Smith, who had been CEO since 2005, will also leave the chairman post.

Equifax said Smith was retiring, but he will not receive his annual bonus and other potential...