TransUnion Corp. CEO and President Bobby Mehta will leave his position at the Chicago-based credit-reporting firm for "personal reasons," he told the board of directors, according to a Securities and Exchange Commission filing.
His decision comes only months after TransUnion was acquired by an investment group that includes Goldman Sachs' private equity arm. Mehta will leave as soon as a replacement is found by search firm Korn/Ferry International.
TransUnion expects to replace Mehta by the end of the year. He will remain on the board of directors even after his successor is named, and will be retained as a consultant to TransUnion.
In February, TransUnion announced that it was being sold to a group that includes GS Capital Partners. The deal was largely finalized in April.
In May, TransUnion reported first-quarter revenue of $280.6 million, an increase of 14.1% from the year earlier. Operating income was $65.6 million, an increase of 19.1% compared to last year. Net income was $10.2 million, compared to a loss of $25.5 million in the first quarter of 2011 because of the effects of debt refinancing.