Iron Mountain Appoints Walter Rakowich to its Board of Directors
BOSTON -- August 19, 2013
Walter Rakowich, 55, was appointed Friday to the board of directors of Iron
Mountain® Incorporated (NYSE: IRM), becoming the 12^th 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
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.
Iron Mountain Incorporated
Melissa Marsden, 617-535-8595
Dan O’Neill, 617-535-2966
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