Iron Mountain Announces Resignation of CFO Rod Day and Appointment of Stuart Brown

BOSTON--(BUSINESS WIRE)-- Iron Mountain Incorporated (NYSE: IRM), the storage and information management company, today announced that Roderick Day, the company’s executive vice president and chief financial officer, will leave the company due to personal reasons that do not permit him to permanently relocate his family to Boston, as originally contemplated. Day will step down from his role as executive vice president and CFO immediately following the filing of its quarterly report on Form 10-Q for the quarter ending June 30, 2016, but will remain with the company through mid-October for transition purposes. Day, 52, has served as Iron Mountain’s CFO since November 2013. He joined the company in 2008 and was previously senior vice president and CFO, International.

Stuart Brown, 50, will be joining Iron Mountain on or around July 25, 2016 and will assume the role of Executive Vice President and CFO when Day steps down. Brown has served as CFO since 2011 for Red Robin Gourmet Burgers, Inc., a $1.3 billion revenue casual dining chain based in Denver, Colorado with more than 525 locations and 38,000 employees throughout the United States and Canada. From 2006 to 2011, Brown was CFO for DCT Industrial Trust Inc., a real estate investment trust (REIT) with $2.6 billion of industrial assets located in the United States and Mexico. Additionally, Brown served as chief accounting officer for Federal Realty Investment Trust from 2003 to 2006. Prior to that time, he held a variety of positions with Royal Ahold, a $30 billion revenue international food retailer, including roles in corporate controlling and investor relations in The Netherlands, as well as corporate accounting and controller roles for Ahold’s U.S. companies, Stop & Shop and Giant Food, Inc. Earlier in his career, he spent five years in public accounting with Deloitte. Brown will have overall responsibility for external reporting, financial planning and analysis, global real estate, internal audit, investor relations and treasury.

“I am pleased to welcome Stuart to Iron Mountain,” said William L. Meaney, Iron Mountain’s president and chief executive officer. “His background matches up well with Iron Mountain’s structure; it is extremely rare to find a seasoned financial executive with both REIT expertise and deep operational experience within large, global organizations. Throughout his career, Stuart has been heavily engaged in capital markets transactions, M&A and real estate investment, while enhancing balance sheets and engineering both financial and operationally based strategic plans. Additionally, his REIT background ensures a continued high level of focus on capital allocation given our dividend payout requirement as a REIT and growth expectations tied to our 2020 strategic plan.

“Rod is an exceptional finance leader and has helped drive significant value creation for Iron Mountain throughout recent transformative events for the company – namely our successful conversion to a REIT in 2014 and last month’s closing of the Recall acquisition. Rod has also worked across the global organization and with the senior management team to drive a robust multi-year financial plan and consistently delivered strong performance during his tenure as CFO. I have great respect for Rod’s organizational acumen and the strong financial team he has helped build for the company. He will be missed, but I commend his decision to put his family first and wish him every success in his future endeavors.” Meaney added.

Brown has a bachelor of business administration degree and master of accountancy from the University of Georgia and is a certified public accountant.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 220,000 organizations around the world, Iron Mountain boasts a real estate network of more than 80 million square feet across more than 1,350 facilities in 45 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.

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Iron Mountain
Investor Relations Contacts:
Melissa Marsden, 617-535-8595
Senior Vice President, Investor Relations
[email protected]
or
Faten Freiha, 617-535-8404
Director, Investor Relations
[email protected]
or
Media Contact:
Christian T. Potts, 617-535-8721
Senior Manager, Corporate Communications
[email protected]

Source: Iron Mountain

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