BOSTON--(BUSINESS WIRE)--Mar. 25, 2013--
Iron
Mountain Incorporated (NYSE: IRM), the storage and information
management company, today announced that
Alfred J. Verrecchia
became
chairman of its board effective March 15, 2013. Verrecchia, 70, joined
the company’s board in March 2010 and was appointed lead independent
director in June 2012. Verrecchia has been chairman-elect since late
2012, when the company announced the retirement of longtime CEO and
chairman
Richard Reese
and welcomed new CEO
William Meaney
. With the
appointment of Verrecchia, the board separates the chairman and CEO
roles between two individuals, creating a new leadership structure for
the company and reflecting best practices for corporate governance.
Verrecchia is also chairman of the board at Hasbro Inc., a publicly
held, branded play and entertainment company. He has spent his entire
career at Hasbro, holding various senior leadership roles, including
chief operating officer and chief financial officer before serving as
CEO from 2003-2008. He was elected chairman in 2008.
“Al has provided our board with deep executive and financial pedigree
since he joined, and he’ll make a fine chairman,” said
Bill Meaney
,
president and CEO of Iron Mountain. “I look forward to working with him
in his new role and leading Iron Mountain to deliver sustainable value
through steady, long-term revenue growth and a continued focus on
driving strong returns on our invested capital.”
In addition to his chairman duties for Iron Mountain and Hasbro,
Verrecchia has extensive experience with board service, having been on
the board of Old Stone Corporation from 1987 to 2012, FGX International
Holdings from February 2009 to March 2010, and CVS Caremark from
September 2004 to March 2007.
He holds a B.A. and M.A. from the University of Rhode Island.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage
and information management services. The company’s real estate network
of over 64 million square feet across more than 1,000 facilities in 35
countries allows it to serve customers with speed and accuracy. And its
solutions for records
management, data
backup and recovery, document
management, and secure
shredding help organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information for
business advantage. Founded in 1951, Iron Mountain stores and protects
billions of information assets, including business documents, backup
tapes, electronic files and medical data. Visit www.ironmountain.com
for more information.
Source: Iron Mountain Incorporated
Investor Contact:
Iron Mountain
Stephen
Golden, 617-535-4766
SGolden@ironmountain.com
or
Media
Contact:
Iron Mountain
Dan O’Neill, 617-535-2966
dan.oneill@ironmountain.com