VantageScore CEO steps down

VantageScore, a credit score organization, has announced that Silvio Taveres, president and CEO will step down from his position after five years at the helm, according to a press release.

"I am humbled by all that VantageScore has achieved during my tenure. Together, we consistently delivered industry leading innovation and growth at a very high scale. Along the way VantageScore responsibly expanded access to credit so that millions more creditworthy Americans can achieve their American dream," Taveres said in the release.

Anthony Hutchinson will serve as interim president and CEO until a formal leader is appointed. Hutchinson has served in a variety of roles, including at Freddie Mac, Fannie Mae and the National Association of Realtors.

"VantageScore is helping lenders make more predictive, inclusive and informed decisions across the credit lifecycle," Hutchinson said in the release. "We are delivering strong business momentum and growing market adoption of the most predictive, innovative and inclusive tri-bureau models and attributes in the U.S. market. I look forward to working with the VantageScore management team and Board of Directors to build on our success and to drive continued innovation that opens up more financial opportunities for more consumers."