Equifax Names Lee Kennedy President and Chief Operating

9.06.1999, 12:23

Officer ATLANTA (PROTEXT) - New Executive Team to Accelerate GrowthStrategies into the Next Millennium Thomas F. Chapman, Equifax (NYSE: EFX) chairman and chiefexecutive officer, today announced the board of directors hasnamed Lee Kennedy president and chief operating officer, a newposition for the company. Kennedy, who also was elected to theboard of directors, has more than 28 years of experience withEquifax, most recently serving as executive vice president-groupexecutive of Equifax Payment Services based in St. Petersburg,Fla. Kennedy will relocate to Atlanta this month.

(http://www.newscom.com/cgi-bin/prnh/19990609/ATW001) "Lee's global experience, knowledge of our industry andbusiness, and his tremendous success in managing our paymentservices unit make him an ideal leader to execute our plans andstrategies to extend our market leadership," said Chapman."Elevating Lee significantly strengthens Equifax's leadershipteam, enabling Equifax to take full advantage of several newstrategic growth initiatives, while continuing to drive theperformance of our North American, European and South Americanoperations. "Lee and I have worked together for a long time. Hisleadership skills, along with his ability to recruit and developpeople, will be instrumental in managing the day-to-dayoperations of our businesses to achieve our overall performancegoals." Kennedy said, "I'm enthusiastic about working more closelywith Tom across all our businesses and the tremendousopportunities to build on the operational and financial successof Equifax's first 100 years." Chapman to Focus on Emerging Markets, Strategic Planning As chairman and CEO, Chapman will focus on the company'sstrategic direction and the rapidly emerging growth initiatives,including, but not limited to: mergers and acquisitions;Knowledge Engineering, the nation's premier database marketingresource; Equifax Secure, the company's online identityverification and digital certificate unit; Equifax's consumerinitiatives; Internet products and services; and other strategicfocus areas. Chapman, who was elected chairman of the board inMay 1999, became Equifax president and CEO in January 1998. "Equifax is on track to achieve record results in 1999 and isuniquely positioned to globally expand our traditional businesseswhile capturing untapped markets for our strategic growthinitiatives," Chapman said. "Our focus remains fixed onopportunities driven by our four-part strategy: geographicexpansion, value-added products and services, customizedsolutions across multiple industries and technologicalinnovation. We will continue to apply our skills and expertise toleverage opportunities in our markets around the world." Kennedy Background and Highlights Prior to serving as executive vice president-group executiveof payment services, Kennedy, 48, was senior vice president andgeneral manager for Equifax Card Solutions. In addition, heserved as president of the Telecredit Service Center from 1981-1990. Telecredit, acquired by Equifax in 1990, became EquifaxCheck Solutions and Equifax Card Solutions. In 1995, the two werecombined into Equifax Payment Services. In 1998, revenues forPayment Services grew to $518 million, up 18% from 1997. Kennedyalso helped pioneer card issuing to community banks and creditunions. He was primarily responsible for securing long-termbusiness contracts with the Independent Bankers Association ofAmerica (IBAA) and Card Services for Credit Unions (CSCU). In addition, Larry Towe, former senior vice president andgeneral manager of Equifax Card Solutions International, willsucceed Kennedy as executive vice president-group executive ofEquifax Payment Services. About Equifax 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 13,000 associates in 18 countries withsales in almost 50 and had nearly $1.7 billion in revenue in1998. 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" section inthe management's discussion and analysis included at Part II,Item 7 in the Company's annual report on Form 10-K for the yearended December 31, 1998, and in the "Year 2000 Information"section in the management's discussion and analysis included atPart I, item 2 in the Company's report on Form 10-Q for the firstquarter of 1999. ots Original Text Service: Equifax Inc.Internet: http://www.newsaktuell.de Contact: Marietta EdmundsZakas, Corp. Vice President of Equifax Inc., 404-885-8304, ormartie.zakas@equifax.com Photo: http://www.newscom.com/cgi-bin/prnh/19990609/ATW001 or NewsCom, 213-237-5431; PressLinkOnline, 800-888-6195 Web site: http://www.equifax.com

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