Iron Mountain Appoints Al Verrecchia as Chairman of the Board
BOSTON--(BUSINESS WIRE)-- Iron Mountain Incorporated (NYS: 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 governance.
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 capital."
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 (NYS: 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.
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