Iron Mountain Appoints Al Verrecchia as Chairman of the Board
BOSTON -- March 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
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
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, andsecure
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.
Stephen Golden, 617-535-4766
Dan O’Neill, 617-535-2966
Press spacebar to pause and continue. Press esc to stop.