Iron Mountain Appoints William Meaney President and Chief Executive Officer

  Iron Mountain Appoints William Meaney President and Chief Executive Officer

           Richard Reese to Retire from the Company after 31 Years

            Al Verrecchia to Become Chairman of the Board in March

Business Wire

BOSTON -- December 03, 2012

Iron Mountain Incorporated (NYSE: IRM), the information storage and management
company, today announced that its Board of Directors has voted unanimously to
appoint William Meaney President and Chief Executive Officer and a member of
the Board, effective Jan. 7, 2013. He will succeed longtime Executive Chairman
and CEO Richard Reese, who announced his intention to retire after 31 years at
the Company.

William Meaney, 52, will become president and CEO of information storage and
management company Iron ...

William Meaney, 52, will become president and CEO of information storage and
management company Iron Mountain on Jan. 7, 2013. (Photo: Business Wire)

Meaney, 52, comes to Iron Mountain with more than 20 years of experience
successfully overseeing diverse businesses in the United States, Europe, Asia
and Africa. His track record over this time reveals a proven ability to drive
growth even in challenging environments and maximize returns on investment in
capital intensive businesses. Most recently, Meaney served as CEO of the Hong
Kong-based Zuellig Group, a $12 billion, primarily business-to-business
conglomerate that saw sales triple during his eight-year tenure from
2004-2012.

Prior to leading The Zuellig Group, Meaney spent five years in the airline
industry, serving as the Chief Commercial Officer and Managing Director of
publicly-traded Swiss International Airlines from December 2002 to January
2004 and Executive Vice President of South African Airways from 1998 to 2001.
Meaney helped lead both airlines through challenging times and eventual
turnarounds that netted higher profitability and improved returns on capital.

Earlier in his career, Meaney served as the acting CEO of South African
Vaccine Producers; the Founder and Managing Director of Genhro Management
Consultancy; and a principal of Strategic Planning Associates, now part of the
Oliver Wyman Group. Meaney currently serves on the board of Qantas Airways
Limited. He is a trustee of both Rensselaer Polytechnic Institute and Carnegie
Mellon University, where he earned his bachelor’s in mechanical engineering
and a master’s in industrial administration, respectively.

Commenting on his appointment, Meaney said, “This is an exciting opportunity
for me. Iron Mountain is a global market leader with a compelling customer
value proposition and a large market opportunity. What’s more, the Company is
executing on a strong financial strategy to drive returns on invested capital
and return excess capital to shareholders that I believe is right for both the
business and investors. I look forward to working with the Board, management
team, and our talented employees to deliver outstanding services to our
customers and drive value for shareholders.”

Iron Mountain’s Board also announced that Al Verrecchia, lead independent
director, will succeed Reese as Chairman of the Board effective in March 2013,
when Reese will also retire from the Board. The Board believes that separating
the chairman and CEO roles at this time represents the best leadership
structure for the Company and is consistent with best practices for corporate
governance. Verrecchia joined Iron Mountain’s Board of Directors in March
2010. He has also served as Chairman of the Board at Hasbro Inc. since 2008.

“Bill’s extensive global operations experience in both services and
logistics-based businesses is key to expanding our market leadership position
in North America, as well as growing our international business, particularly
in emerging markets,” said Al Verrecchia, Chairman-elect of the Iron Mountain
Board of Directors. “Moreover, Bill possesses keen financial acumen, has
proven to be a collaborative team leader, and is committed to Iron Mountain’s
goal to deliver shareholder returns for the long-term.”

Reese also commented on Meaney’s appointment: “Bill is an accomplished leader
with an impressive track record for driving top-line growth and bottom-line
returns. He has shown an innate sense for the business and shares the board’s
vision for investing capital in a disciplined manner to drive returns over the
long-term. For these reasons and more, I know Iron Mountain is in good hands.
I’m very proud to have been part of building this tremendous organization
working alongside an amazing team, and I’m excited to watch the Company move
on to its next phase of success.”

On behalf of the Board, Verrecchia thanked Reese for his service. “In addition
to welcoming Bill, we’d like to recognize Richard for the leadership and
vision he’s provided the Company for more than 30 years,” said Verrecchia.
“He’s been a remarkable leader and a true icon in the information storage and
management industry. We thank him for all he’s done and the indelible mark
he’s made on the Company.”

Reese served as CEO from December 1981 to June 2008 and returned as CEO in
April 2011.He also served as Chairman beginning in 1995 and as Executive
Chairman since June 2008. During his tenure, he grew the business from a
regional provider with $3 million in annualized revenues to a global leader in
information management and storage with more than $3 billion in sales.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a leading provider of information
storage and management solutions. The Company’s real estate network of 64
million square feet across nearly 1,000 facilities in 32 countries allows it
to serve customers around the world. 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.
Visitwww.ironmountain.com for more information (the content of which is not a
part of this press release).

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Contact:

Iron Mountain Incorporated
Investor Relations Contact:
Stephen P. Golden, 617-535-2994
Vice President, Investor Relations
sgolden@ironmountain.com
or
Media Contact:
Dan O’Neill, 617-535-2966
Director, Corporate Communications
dan.oneill@ironmountain.com
 
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