Equifax 2006 Annual Report Download - page 16

Organized for Growth
To ensure the success of our smartGROWTH
initiatives, our strategy will be supported by a
structure that can facilitate faster growth. Therefore,
our organizational realignment was another critical
accomplishment in 2006. Our game-changing struc-
ture, which was effective January 1, 2007, is built
around four distinct market-facing business units:
U.S. Consumer Information Solutions, International,
North America Commercial Solutions and North
America Personal Solutions. These four businesses
are supported by global Centers of Excellence, includ-
ing technology, operations, marketing, fi nance, legal,
enabling technologies, corporate development and
human resources.
A Culture of Game Changers
Part of moving to a more customer-centric culture
means acting as one team, speaking with one voice
and driving toward one vision. Behind this entire
transformation are the people of Equifax. They
exhibit a tremendous amount of energy and com-
mitment to changing the game.
We are moving to a high-performance organiza-
tion focused on meritocracy, where outstanding work
is rewarded. I commend the almost 5,000 Equifax
associates for their work as Game Changers. They
are making this transformation a reality. More
than 92 percent participated in our employee
survey that helped shape faster decision making,
as well as helped create new ideas to fuel growth.
This is a transformation that has been driven by
market needs, but built on the voice of the people
who conduct our business every day.
In Position to Change the Game
It is personally thrilling to see an organization of our
size, with a heritage of more than 100 years, transform
itself and its future. Equifax emerged from 2006 bet-
ter positioned than ever before to create value for
customers and shareholders, and to be a place where
smart, hard-working people can fl ourish professionally.
As 2007 unfolds, our key priorities will drive perfor-
mance: executing the strategy put in place during
2006, instilling the values of a high-performance
culture; exploring strategic opportunities which
may include acquisitions; developing innovative
products; and incorporating more effi ciency into
our operations.
To all of the Equifax Game Changers who contrib-
uted to an outstanding 2006 and positioned us for
a strong 2007, you have my personal thanks. To all
of our consumer and business customers, as well as
shareholders, who will benefi t from our efforts, you
have my promise that Equifax will work diligently to
fully realize its potential.
Sincerely,
Richard F. Smith
Chairman and Chief Executive Offi cer
TO OUR SHAREHOLDERS continued
Cash Provided by
Operating Activities
04 05 06
$375
325
275
225
Coretha Rushing
Corporate Vice President,
Chief Administrative Officer
The Human Resources Center of Excellence
is responsible for attracting, acquiring,
rewarding and developing the necessary
talent to ensure the successful execution
of the business strategy. The human resources organization
led the alignment of the Company to the new growth strategy.
The alignment included a rigorous assessment of the culture,
work, structure, capabilities and talent required to deliver the
growth initiatives. This Center of Excellence will be instrumental
in the transition of our culture to a more performance-driven
organization with greater challenges, accountabilities,
opportunities for development, and rewards for employees.
The focus in 2007 is to launch new performance and total
reward programs which will enable Equifax to acquire,
develop and retain the best talent in our industry.
($ in millions)
14 EQUIFAX 2006 ANNUAL REPORT