Iron Mountain (IRM) Names New EVP and General Manager, Emerging Markets

November 22, 2016 6:48 AM EST

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Iron Mountain Incorporated (NYSE: IRM) announced that Ernest W. Cloutier, currently EVP, U.S. Federal, Security and Legal for Iron Mountain, will be named as the company’s EVP and General Manager, Emerging Markets effective April 1, 2017. Cloutier will succeed Marc Duale, who has served as Iron Mountain’s President, International for eight years. Duale will remain with the company in an advisory role to transition emerging market responsibilities to Cloutier and to advise the company on future growth initiatives.

Cloutier joined the company in December 2007 as General Counsel and Secretary before also assuming responsibility for the company’s global security and risk organizations in March 2014 and the company’s U.S. Federal business in June 2014. Prior to Iron Mountain, Cloutier served as Senior Vice President, General Counsel and Secretary for Digitas Inc.

Commenting on Cloutier’s appointment, Iron Mountain President and CEO William L. Meaney said, “Ernest is well suited to lead our Emerging Markets business. He has partnered with Marc during a period of rapid international expansion to negotiate and close transactions in 19 countries and bring necessary legal, security and compliance support as we expanded our high-growth emerging markets business from 10 percent of enterprise revenues in 2014 to more than 17 percent of total revenue today. His sound judgement, business acumen and operational experience gained from leading our Federal government business in the United States provide a solid platform for overseeing this strategic growth area for our company.

“I’ve enjoyed my partnership with Marc over the years and thank him for his many contributions. Marc has built a robust business, fueled by both consistently strong internal growth as well as value-creating acquisitions that extend our capabilities and service reach. Additionally, from the end of 2011 through the end of 2014, Marc drove operational performance programs that resulted in significant improvement in average margins in the international business while continuing to expand into new markets and achieving market leadership in some of our more mature international regions,” Meaney added. “In his advisory role to me, he will bring these same skills to bear as we assess the potential for future growth initiatives.”

Deborah Marson will become EVP, General Counsel and Secretary effective December 1, 2016, with overall responsibility for the company’s legal functions including: commercial contracts, compliance, corporate and securities, employment and labor, ethics, litigation, and mergers and acquisitions. Marson is currently SVP, Acting General Counsel and Secretary of Iron Mountain, and she joined the company in 2009 as its Vice President of Commercial Contracts for North America. Prior to Iron Mountain, Marson spent 25 years with The Gillette Company, where she most recently served as Deputy General Counsel advising the Gillette worldwide consumer businesses. Over the course of her tenure she opened Gillette’s legal offices in Asia and Latin America and served as counsel to each of the five Gillette businesses, concluding her time there as the head lawyer for all of the businesses.

Tasos Tsolakis will leave the company March 31, 2017, to pursue other interests and will work until then to see that his responsibilities as EVP, Chief Information & Global Services Officer are smoothly transitioned. Tsolakis’ information technology (IT) responsibilities will be handed over to a newly created EVP and Chief Technology Officer role. The company is currently performing a search for this position. Tsolakis joined Iron Mountain in 2010 as Chief Information Officer and then later assumed responsibility for the company’s Global Service Organization, which added global real estate operations and procurement functions to his responsibilities. Throughout his time with the company, Tsolakis led cross-functional, strategic transformations including the company’s current integration with Recall and its $125 million cost-savings program.

“Tasos has been an important member of our senior executive team through the years, both in his leadership of our IT, real estate and procurement functions as well as his work to continually improve how our company operates and serves customers. He established the framework for identifying, managing and tracking our cost-savings initiatives and built a strong team to carry forward those programs,” said Meaney. “He will be greatly missed, and we wish him the best.”



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