Cybersecurity
Equifax Names Mark Begor as CEO
- Begor pledges to spend more on strengthening security measures
- New CEO’s target compensation is $20 million for first year
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Mark Begor, a managing director at Warburg Pincus LLC, will become chief executive officer at Equifax Inc. seven months after a massive data breach sent the credit bureau’s shares tumbling.
Begor, who previously ran one of the largest U.S. private-label credit-card issuers, will take over on April 16, Atlanta-based Equifax said Wednesday in a statement. Interim CEO Paulino do Rego Barros will retire early next year and assist in the transition.