Equifax Names Chad Borton Executive Vice President and President of Workforce Solutions

Rhea-AI Summary

Equifax announced the appointment of Chad Borton as Executive Vice President and President of Workforce Solutions, succeeding Rudy Ploder who is retiring after 20 years of leadership. Borton brings extensive financial services experience to the role. Equifax CEO Mark W. Begor expressed confidence in Borton's ability to drive growth and innovation in Workforce Solutions, a key part of Equifax's long-term strategy.

Positive

• Chad Borton's appointment as Executive Vice President and President of Workforce Solutions brings extensive financial services experience to Equifax.

• Equifax's Workforce Solutions business is positioned for strong, above-market growth under Borton's leadership.

• Borton's proven executive leadership, customer focus, and regulatory depth are viewed as assets for Equifax's growth strategy.

Negative

• None.

Rudy Ploder to Retire After 20 Years of Distinguished Leadership

ATLANTA, May 6, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced the appointment of Chad Borton as Executive Vice President and President of Workforce Solutions. Borton, who most recently served as President of SoFi Bank and Executive Vice President of SoFi Lending, succeeds Rudy Ploder, who is retiring from Equifax following 20 years of distinguished leadership.

"Rudy leaves Workforce Solutions as our largest and fastest growing business – well-positioned for strong, above-market growth and continued New Product Innovation leveraging the Equifax Cloud™," said Mark W. Begor, CEO of Equifax. "This is an energizing time for the New Equifax, and Chad's broad financial services experience, proven executive leadership, customer focus, and regulatory depth will be a tremendous asset to the business. Workforce Solutions plays an important part in our long term growth strategy and I am confident in Chad's ability to execute against our EFX2026 strategic priorities."

Under Borton's leadership, SoFi Bank grew to more than $26 billion in assets and $21 billion in deposits. Prior to SoFi, Chad served as President of USAA Bank. He also held executive leadership positions at Fifth Third Bank and JPMorgan Chase, and served financial services clients during his tenure at McKinsey.

"I am energized to join the Equifax business, which has grown well beyond a traditional credit bureau in each of the markets it serves," said Borton. "I look forward to working with the Workforce Solutions team to build on the strong growth focus that Rudy has created and drive further leadership in people-driven, data-powered HR solutions. We are well positioned for strong future growth."

Borton served on active duty in the United States Army. He holds a B.S. in Business Economics and Public Policy from Indiana University and an MBA from Harvard Business School.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.

FOR MORE INFORMATION:
Kate Walker for Equifax
mediainquiries@equifax.com

 

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SOURCE Equifax Inc.

FAQ

Who is the new Executive Vice President and President of Workforce Solutions at Equifax?

The new Executive Vice President and President of Workforce Solutions at Equifax is Chad Borton.

Who is retiring after 20 years of distinguished leadership at Equifax?

Rudy Ploder is retiring from Equifax after 20 years of distinguished leadership.

What is Chad Borton's background in financial services?

Chad Borton has served as President of SoFi Bank, President of USAA Bank, and held executive positions at Fifth Third Bank and JPMorgan Chase.

What is Chad Borton's educational background?

Chad Borton holds a B.S. in Business Economics and Public Policy from Indiana University and an MBA from Harvard Business School.

What is Equifax's view on the growth potential of Workforce Solutions under Chad Borton's leadership?

Equifax views Workforce Solutions as well-positioned for strong, above-market growth and continued innovation under Chad Borton's leadership.