Equifax Board Names Thomas F. Chapman Chairman / Board

6.05.1999, 18:32

Notes Optimistic Outlook for Future of Company Atlanta (PROTEXT) - Equifax's (NYSE: EFX) board of directorstoday elected Thomas F. Chapman to be chairman of the board,succeeding C.B. "Jack" Rogers, who is retiring. Mr. Chapman willcontinue to serve as president and CEO of Equifax. Mr. Rogerswill continue as chairman of the executive committee until his70th birthday in October. Rogers, who has been chairman since 1992, said, "The boardunanimously supported my recommendation and elected Tom chairman,effective immediately. Tom's vision, passion and leadership arethe driving forces behind Equifax's extraordinary success andwill be even more evident as he assumes the additional role ofchairman and leads us into our second century." Chapman said, "I am honored and proud to be elected chairmanof Equifax, a world-wide leader in information services,transaction processing and knowledge engineering. We arecommitted to continuing our momentum as Equifax changes the shapeof global commerce, improving the relationship between buyers andsellers and helping our customers profitably grow theirbusinesses." Paying tribute to Rogers, Chapman said, "Jack Rogers wasinstrumental in making Equifax a company that leads not just ourindustry, but business at large. We are proud to take Equifaxinto the new century as a result of his leadership. Hetransformed the company from essentially a North Americansupplier of consumer data to a global information technologyenterprise with influence on economies around the world. Jackincorporated the Economic Value Added (EVA) measurement forfinancial success, expanded the company's reach intointernational markets and restructured Equifax into a powerhouseof information solutions and transaction processing unequalled inthe business world. And he did it by bringing on and developing astrong management team and ensuring smooth succession in theexecutive ranks." At the board meeting, the directors also approved a regularquarterly dividend of 9 cents per share, payable on June 15, 1999to shareholders of record as of May 25, 1999. Dividends haveincreased 18 of the past 19 years and Equifax has paid cashdividends for 86 consecutive years. When Mr. Rogers joined Equifax in 1987 as president and chiefoperating officer, he had been a member of the Equifax boardsince 1978. He became CEO in 1989 and chairman in 1992. OnJanuary 1, 1996, after seven years as CEO and four years aschairman, he resigned the CEO position, remaining chairman untilnow. His Equifax board service spans more than 20 years. Tom Chapman joined Equifax in 1990 as corporate senior vicepresident for credit services. He was executive vice presidentand group executive of the Financial Services Group until hiselevation to president and chief operating officer in August1997. He became CEO on January 1, 1998. Looking forward to the rest of the company's centennial yearand the next century, Chapman said, "At Equifax, we are poised togrow, expand, perform and add value for our shareholders in thenext century. We have a leadership position in the markets weserve and a number of exciting new opportunities through our e-commerce and consumer initiatives. We continuously look forimproved ways to facilitate commerce, add value to information,create knowledge-based solutions, build trust and security on theInternet, and help credit-based economies grow. We are guided byour own four operating principles: growth, innovation, technologyand people...the 14,000 employees around the world who have theexcellence, intellect, courage and drive to take Equifax to thenext level. I am honored to lead this team." Equifax (www.equifax.com ), a worldwide leader in shapingglobal commerce, brings buyers and sellers together through itsinformation management, transaction processing and knowledge-based businesses. Atlanta-based Equifax serves the financialservices, retail, credit card, telecommunications utilities,transportation, information technology and healthcare industriesand government. Equifax adds knowledge, expertise, convenienceand security to provide value-added solutions and processes forits customers wherever they do business, including the Internetand other networks. Entering its second century in business,Equifax employs about 14,000 associates in 18 countries withsales in almost 50 and has nearly $1.7 billion in revenue. Statements in this press release that relate to Equifax'sfuture plans, objectives, expectations, performance, events andthe like are "forward- looking statements" within the meaning ofthe Private Securities Litigation Reform Act of 1995 and theSecurities Exchange Act of 1934. Future events, risks anduncertainties, individually or in the aggregate, could causeactual results to differ materially from those expressed orimplied in these statements. Those factors could include changesin worldwide and U.S. economic conditions that materially impactconsumer spending and consumer debt, changes in demand for theCompany's products and services, risks associated with theintegration of acquisitions and other investments, and otherfactors discussed in the "Forward-looking Information" and "Year2000 Information" sections in the management's discussion andanalysis included at item 7 in the Company's annual report onForm 10-K for the year ended December 31, 1998. ots OriginalText Service: Equifax Inc. Internet: http://www.newsaktuell.deContact: Marietta Edmunds Zakas, Corp. VP, Communications ofEquifax, (USA) 404-885-8304, or martie.zakas@equifax.com Website: http://www.equifax.com

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