Iron Mountain to Promote Bob Brennan to Chief Executive Officer Richard Reese to Assume Role of Executive Chairman; Succession Set for June


    BOSTON, Feb. 28 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated
 (NYSE:   IRM), the global leader in information protection and storage
 services, today announced that Bob Brennan, the Company's President and
 Chief Operating Officer, will succeed Richard Reese as Iron Mountain's
 Chief Executive Officer. Reese notified the Company's Board of Directors
 ("Board") of his intention to step down as CEO, a position he has held
 since December 1981, at Iron Mountain's Annual Meeting of Stockholders on
 June 5, 2008 to become the Company's 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.
     (Photo: )
     "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 Bob's appointment as CEO will
 enhance our ability to pursue our strategic agenda."
     Brennan, 47, joined Iron Mountain as President of North America in
 November 2004 in connection with the Company's acquisition of Connected
 Corporation, where he served as Chairman and CEO. He was named President
 and Chief Operating Officer in December 2005. "Bob emerged as the leading
 candidate to fill this position shortly after joining the Company and has
 effectively been transitioning into this role for the past two years,"
 continued Reese. "He has all the characteristics the Board and I were
 looking for in Iron Mountain's next CEO. He has learned the business very
 quickly from the inside, he's a great leader who cares deeply about the
 employees and customers and he always 'flies the mission.'"
     "I have tremendous respect for what Richard and the Iron Mountain team
 have built over the last 26 years," said Brennan. "We have become vital to
 businesses as they wrestle with the overwhelming task of compliant records
 management in a world of exploding information and escalating regulation.
 This is a great business, and Iron Mountain is uniquely positioned to
 capture the tremendous opportunity in the market today. I am very excited
 at the prospect of leading this Company through the next phase of its
 growth and development and I look forward to continuing my partnership with
 Richard as he assumes his new role in the Company."
     As Executive Chairman, a full time position reporting to the Board,
 Reese, 61, will focus on driving the Company's new services agenda and
 advising the CEO on strategy and other matters of the business while
 continuing to perform his duties as Chairman of the Company's Board of
     Iron Mountain's conference call to discuss its fourth quarter and full
 year 2007 financial results along with the details of this leadership
 transition, will be held today at 11:00 a.m. Eastern Time. In order to
 further enhance the overall quality of its investor communications, the
 Company will simulcast the conference call on its Web site at, the content of which is not part of this
 release. Details regarding the conference call are attached below.
     About Iron Mountain
     Iron Mountain Incorporated (NYSE:   IRM) helps organizations around the
 world reduce the costs and risks associated with information protection and
 storage. The Company offers comprehensive records management and data
 protection solutions, along with the expertise and experience to address
 complex information challenges such as rising storage costs, litigation,
 regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain
 is a trusted partner to more than 100,000 corporate clients throughout
 North America, Europe, Latin America and Asia Pacific. For more
 information, visit the Company's Web site at
     Forward Looking Statements
     This press release contains certain forward-looking statements within
 the meaning of the Private Securities Litigation Reform Act of 1995 and
 federal securities laws, and is subject to the safe-harbor created by such
 Act. Forward-looking statements include statements regarding our goals,
 beliefs, future growth strategies, investments, objectives, plans or
 current expectations. These statements involve known and unknown risks,
 uncertainties and other factors that may cause the actual results to be
 materially different from those contemplated in the forward-looking
 statements. These risks and uncertainties are described more fully in the
 Company's most recently filed Annual Report on Form 10-K under "Item 1A.
 Risk Factors". Except as required by law, Iron Mountain undertakes no
 obligation to release publicly the result of any revision to these
 forward-looking statements that may be made to reflect events or
 circumstances after the date hereof or to reflect the occurrence of
 unanticipated events.
     Conference Call Information
     A conference call has been scheduled to discuss the Company's fourth
 quarter and full year 2007 financial results along with the details of this
 leadership transition and a taped replay of the conference call will be
 available shortly after the end of the call. Call and replay information
 are as follows:
Call Date: Thursday, February 28, 2008 Call Time: 11:00 A.M. (Eastern Time) Call Hosts: Stephen Golden, Vice President, Investor Relations Richard Reese, Chairman & CEO Brian McKeon, CFO Domestic Call Dial In: 800-591-6945 International Dial In: 617-614-4911 Participant Passcode: 73921626# Online Info: at the Investor Relations page Live Simulcast (listen only) available during the call. Replay available one hour after the conclusion of the call for one week.
Replay Domestic Dial In: 888-286-8010 Replay International Dial In: 617-801-6888 Replay Access Code: 48939836# Investor Relations Contact: Media Contact: Stephen P. Golden Melissa Mahoney Vice President, Vice President, Investor Relations Corporate Communications (617) 535-2994 (617) 535-8310

SOURCE Iron Mountain Incorporated

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