BOSTON--(BUSINESS WIRE)--Aug. 19, 2013--
Walter Rakowich
, 55, was appointed Friday to the board of directors of Iron
Mountain® Incorporated (NYSE: IRM), becoming the 12th
director for the storage and information management firm.
Rakowich is a former CEO of Prologis (NYSE: PLD), the leading owner,
operator and developer of industrial real estate, where he worked 18
years before retiring in December 2012.
“We feel very fortunate to add Walt to our board,” said Iron Mountain
Chairman
Al Verrecchia
. “Walt brings invaluable insight as someone who
has led a publicly traded, global real estate company. I look forward to
working with him.”
Iron Mountain President and CEO
William Meaney
added: “Walt is a
successful executive, who has deep experience in finance, real estate
and international markets. We will rely on this experience as we seek to
advance our international growth strategy and maximize the value of our
large real estate portfolio. We’re honored to have him on our board.”
While at Prologis, Rakowich held a number of senior management
positions, including chief operating officer and chief financial
officer, before becoming CEO in 2008. He served as the company’s CEO
until it merged with AMB Property Corporation in 2011, when he assumed
the role of co-CEO and executive director to manage the integration of
the two companies. He joined Prologis in 1994 as part of its external
management company, focused on M&A and development.
Previously, Rakowich spent nine years as a partner and principal with
real estate developer Trammell Crow Company. He began his career as an
auditor and tax consultant with Price Waterhouse.
Today Rakowich serves on the board of Host Hotels & Resorts and is a
member of its audit committee. Additionally, he sits on the boards of
numerous philanthropic and educational organizations in his home state
of Colorado. He is the chairman of the board of Colorado Uplift and a
member of the executive committee of the Alliance for School Choice in
Education (ACE), two nonprofits focused on inner-city education. He also
was formerly on the executive committee and board of governors for the
National Association of Real Estate Investment Trusts, the primary
industry group for REITs in the United States.
Rakowich earned an MBA from Harvard Business School and his bachelor’s
of science degree, with distinction, in accounting from Pennsylvania
State University. In 2010, the Penn State Alumni Association honored
Rakowich as a Penn State Alumni Fellow, the association’s highest award
recognizing outstanding professional achievement.
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
Iron Mountain Incorporated
Investor:
Melissa
Marsden, 617-535-8595
melissa.marsden@ironmountain.com
or
Media:
Dan
O’Neill, 617-535-2966
dan.oneill@ironmountain.com