Equifax Executives Cleared By Board Over Post-Breach Sales

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Four Equifax Inc. executives who sold stock in the days after the company discovered a security breach had no knowledge of the incident when they made the trades, the company said.

A special committee of the firm’s board that investigated the sales also determined the executives obtained appropriate clearance from Equifax’s legal department and that the transactions complied with company policy, Atlanta-based Equifax said Friday in a statement.

The computer hack that exposed the personal data of 145 million U.S. consumers was discovered by the credit-reporting company on July 29. Filings show that between Aug. 1 and Aug. 2, Chief Financial Officer John Gamble, Joseph Loughran, president of U.S. information solutions, and Rodolfo Ploder, president of workforce solutions, sold stock valued about $1.8 million.

(c) 2017, Bloomberg · Jenny Surane, Anders Melin

{Matzav.com}

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