BOSTON -- Iron Mountain Incorporated (NYSE: IRM), the global leader in information protection and storage services, today announced that Bob Brennan, the Companys President and Chief Operating Officer, will succeed Richard Reese as Iron Mountains Chief Executive Officer. Reese notified the Companys Board of Directors (Board) of his intention to step down as CEO, a position he has held since December 1981, at Iron Mountains Annual Meeting of Stockholders on June 5, 2008 to become the Companys first Executive Chairman of the Board. Brennan will continue in his role as President, and will report directly to the Board. The Board also announced its intention to nominate Brennan to stand for election to the Board at the Annual Meeting in June.
This transition represents a natural evolution of the senior leadership at Iron Mountain. I have been discussing a succession plan with the Board and I feel that now is the appropriate time to implement it. Bob has been a leading candidate for the CEO position since he joined the Company in 2004, Reese said. He has a strong background in technology and logistics and an excellent track record of building successful senior executive teams. Bob has proven himself as a strong leader within our Company and is committed to enhancing our culture and driving long-term success at Iron Mountain. I am confident that Bobs appointment as CEO will enhance our ability to pursue our strategic agenda.
Iron Mountain Inc.