BOSTON--(BUSINESS WIRE)--
Iron Mountain Incorporated (NYSE: IRM), the storage and information
management company, today announced that Roderick Day, the company’s
executive vice president and chief financial officer, will leave the
company due to personal reasons that do not permit him to permanently
relocate his family to Boston, as originally contemplated. Day will step
down from his role as executive vice president and CFO immediately
following the filing of its quarterly report on Form 10-Q for the
quarter ending June 30, 2016, but will remain with the company through
mid-October for transition purposes. Day, 52, has served as Iron
Mountain’s CFO since November 2013. He joined the company in 2008 and
was previously senior vice president and CFO, International.
Stuart Brown, 50, will be joining Iron Mountain on or around July 25,
2016 and will assume the role of Executive Vice President and CFO when
Day steps down. Brown has served as CFO since 2011 for Red Robin Gourmet
Burgers, Inc., a $1.3 billion revenue casual dining chain based in
Denver, Colorado with more than 525 locations and 38,000 employees
throughout the United States and Canada. From 2006 to 2011, Brown was
CFO for DCT Industrial Trust Inc., a real estate investment trust (REIT)
with $2.6 billion of industrial assets located in the United States and
Mexico. Additionally, Brown served as chief accounting officer for
Federal Realty Investment Trust from 2003 to 2006. Prior to that time,
he held a variety of positions with Royal Ahold, a $30 billion revenue
international food retailer, including roles in corporate controlling
and investor relations in The Netherlands, as well as corporate
accounting and controller roles for Ahold’s U.S. companies, Stop & Shop
and Giant Food, Inc. Earlier in his career, he spent five years in
public accounting with Deloitte. Brown will have overall responsibility
for external reporting, financial planning and analysis, global real
estate, internal audit, investor relations and treasury.
“I am pleased to welcome Stuart to Iron Mountain,” said William L.
Meaney, Iron Mountain’s president and chief executive officer. “His
background matches up well with Iron Mountain’s structure; it is
extremely rare to find a seasoned financial executive with both REIT
expertise and deep operational experience within large, global
organizations. Throughout his career, Stuart has been heavily engaged in
capital markets transactions, M&A and real estate investment, while
enhancing balance sheets and engineering both financial and
operationally based strategic plans. Additionally, his REIT background
ensures a continued high level of focus on capital allocation given our
dividend payout requirement as a REIT and growth expectations tied to
our 2020 strategic plan.
“Rod is an exceptional finance leader and has helped drive significant
value creation for Iron Mountain throughout recent transformative events
for the company – namely our successful conversion to a REIT in 2014 and
last month’s closing of the Recall acquisition. Rod has also worked
across the global organization and with the senior management team to
drive a robust multi-year financial plan and consistently delivered
strong performance during his tenure as CFO. I have great respect for
Rod’s organizational acumen and the strong financial team he has helped
build for the company. He will be missed, but I commend his decision to
put his family first and wish him every success in his future
endeavors.” Meaney added.
Brown has a bachelor of business administration degree and master of
accountancy from the University of Georgia and is a certified public
accountant.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage
and information management services. Trusted by more than 220,000
organizations around the world, Iron Mountain boasts a real estate
network of more than 80 million square feet across more than 1,350
facilities in 45 countries dedicated to protecting and preserving what
matters most for its customers. Iron Mountain’s solutions portfolio
includes records
management, data
management, document
management, data
centers, art
storage and logistics, and secure
shredding help organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information.
Founded in 1951, Iron Mountain stores and protects billions of
information assets, including critical business documents, electronic
information, medical data and cultural and historical artifacts. Visit www.ironmountain.com
for more information.
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Source: Iron Mountain