Equifax Board Names Thomas F. Chapman Chairman / Board
Notes Optimistic Outlook for Future of Company Atlanta (PROTEXT)
Equifax's (NYSE: EFX) board of directors today elected Thomas F. Chapman to be chairman of the board, succeeding C.B. "Jack" Rogers, who is retiring. Mr. Chapman will continue to serve as president and CEO of Equifax. Mr. Rogers will continue as chairman of the executive committee until his 70th birthday in October. Rogers, who has been chairman since 1992, said, "The board unanimously supported my recommendation and elected Tom chairman, effective immediately. Tom's vision, passion and leadership are the driving forces behind Equifax's extraordinary success and will be even more evident as he assumes the additional role of chairman and leads us into our second century." Chapman said, "I am honored and proud to be elected chairman of Equifax, a world-wide leader in information services, transaction processing and knowledge engineering. We are committed to continuing our momentum as Equifax changes the shape of global commerce, improving the relationship between buyers and sellers and helping our customers profitably grow their businesses." Paying tribute to Rogers, Chapman said, "Jack Rogers was instrumental in making Equifax a company that leads not just our industry, but business at large. We are proud to take Equifax into the new century as a result of his leadership. He transformed the company from essentially a North American supplier of consumer data to a global information technology enterprise with influence on economies around the world. Jack incorporated the Economic Value Added (EVA) measurement for financial success, expanded the company's reach into international markets and restructured Equifax into a powerhouse of information solutions and transaction processing unequalled in the business world. And he did it by bringing on and developing a strong management team and ensuring smooth succession in the executive ranks." At the board meeting, the directors also approved a regular quarterly dividend of 9 cents per share, payable on June 15, 1999 to shareholders of record as of May 25, 1999. Dividends have increased 18 of the past 19 years and Equifax has paid cash dividends for 86 consecutive years. When Mr. Rogers joined Equifax in 1987 as president and chief operating officer, he had been a member of the Equifax board since 1978. He became CEO in 1989 and chairman in 1992. On January 1, 1996, after seven years as CEO and four years as chairman, he resigned the CEO position, remaining chairman until now. His Equifax board service spans more than 20 years. Tom Chapman joined Equifax in 1990 as corporate senior vice president for credit services. He was executive vice president and group executive of the Financial Services Group until his elevation to president and chief operating officer in August 1997. He became CEO on January 1, 1998. Looking forward to the rest of the company's centennial year and the next century, Chapman said, "At Equifax, we are poised to grow, expand, perform and add value for our shareholders in the next century. We have a leadership position in the markets we serve and a number of exciting new opportunities through our e- commerce and consumer initiatives. We continuously look for improved ways to facilitate commerce, add value to information, create knowledge-based solutions, build trust and security on the Internet, and help credit-based economies grow. We are guided by our own four operating principles: growth, innovation, technology and people...the 14,000 employees around the world who have the excellence, intellect, courage and drive to take Equifax to the next level. I am honored to lead this team." Equifax (www.equifax.com ), a worldwide leader in shaping global commerce, brings buyers and sellers together through its information management, transaction processing and knowledge- based businesses. Atlanta-based Equifax serves the financial services, retail, credit card, telecommunications utilities, transportation, information technology and healthcare industries and government. Equifax adds knowledge, expertise, convenience and security to provide value-added solutions and processes for its customers wherever they do business, including the Internet and other networks. Entering its second century in business, Equifax employs about 14,000 associates in 18 countries with sales in almost 50 and has nearly $1.7 billion in revenue. Statements in this press release that relate to Equifax's future plans, objectives, expectations, performance, events and the like are "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include changes in worldwide and U.S. economic conditions that materially impact consumer spending and consumer debt, changes in demand for the Company's products and services, risks associated with the integration of acquisitions and other investments, and other factors discussed in the "Forward-looking Information" and "Year 2000 Information" sections in the management's discussion and analysis included at item 7 in the Company's annual report on Form 10-K for the year ended December 31, 1998. ots Original Text Service: Equifax Inc. Internet: http://www.newsaktuell.de Contact: Marietta Edmunds Zakas, Corp. VP, Communications of Equifax, (USA) 404-885-8304, or firstname.lastname@example.org Web site: http://www.equifax.com
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