BOSTON, Nov. 25, 2019 /PRNewswire/ -- Iron Mountain
Incorporated (NYSE: IRM), the storage and information management
services company, today announced that Barry A. Hytinen has been appointed Executive
Vice President and Chief Financial Officer, effective January 1, 2020. Mr. Hytinen will succeed
Stuart Brown, who will be stepping
down from the CFO role on December 31,
2019 to pursue other interests. Mr. Brown will continue with
Iron Mountain in a consulting role until February 20, 2020 to assist with the
transition.
Mr. Hytinen brings more than 20 years of corporate finance
experience to Iron Mountain. He currently serves as Executive Vice
President and Chief Financial Officer at HanesBrands, where he has
helped diversify the company's business model and offerings to
achieve sustainable results in an evolving global retail
environment. His efforts at HanesBrands have resulted in reduced
leverage, increased levels of operating cash flow and strong
international growth. Prior to HanesBrands, he has served in a
range of finance, corporate development, and investor relations
roles.
"Barry has a proven track record of strong financial leadership
and I am confident that his insights will be very valuable as we
execute our transformation program to simplify our structure and
create a more dynamic, agile organization," said William L. Meaney, President and Chief Executive
Officer. "With Barry's support, we look forward to capitalizing on
our future business opportunities and delivering enhanced value to
our shareholders. On behalf of the Board, I want to thank Stuart
for his numerous contributions, as well as his support during this
transition period. We wish him all the best in his future
endeavors."
"I am delighted to join Iron Mountain at such an important time
in the company's evolution," said Mr. Hytinen. "I look forward to
working closely with Bill and the rest of the leadership team to
drive growth, profitability and value creation for Iron Mountain
shareholders."
"It has been exciting to be a part of the successful growth of
Iron Mountain and the expansion into data centers and other
fast-growing businesses," said Mr. Brown. "I am proud to have
worked with such a talented team with a track record of delivering
on strategic and financial objectives."
Iron Mountain is reaffirming its previously announced guidance
for the full year 2019, which was outlined in its third-quarter
2019 earnings press release and supplemental financial
information.
About Barry A. Hytinen
Mr. Hytinen has served as HanesBrands' Chief Financial Officer
since October 2017. Prior to joining
HanesBrands, he served as Executive Vice President and Chief
Financial Officer for Tempur Sealy International, Inc. He also
served in a range of finance, corporate development, financial
planning and investor relations roles at Tempur Sealy, including
Corporate Development and Finance. Before joining Tempur Sealy, Mr.
Hytinen served as Chief Financial Officer of Fogbreak Software, a
venture-backed software company. Earlier in his career, he held
finance and corporate development positions at Vignette and General
Electric Company. Mr. Hytinen earned an MBA from Harvard Business School and holds a B.S. in Finance
and Political Science from Syracuse
University.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the
global leader for storage and information management services.
Trusted by more than 225,000 organizations around the world, and
with a real estate network of more than 90 million square feet
across more than 1,450 facilities in approximately 50 countries,
Iron Mountain stores and protects billions of valued assets,
including critical business information, highly sensitive data, and
cultural and historical artifacts. Providing solutions that include
secure records storage, information management, digital
transformation, secure destruction, as well as data centers,
cloud services and art storage and logistics, Iron Mountain helps
customers lower cost and risk, comply with regulations, recover
from disaster, and enable a more digital way of working. Visit
www.ironmountain.com for more information.
Investor Relations
Contacts:
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Greer Aviv
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Nathan
McCurren
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Senior Vice
President, Investor Relations
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Director, Investor
Relations
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Greer.Aviv@ironmountain.com
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Nathan.McCurren@ironmountain.com
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(617)
535-2887
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(617)
535-2997
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Forward Looking Statements
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: This release contains certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and other securities laws and is subject to the
safe-harbor created by such Act. Forward-looking statements
include, but are not, limited to, our financial performance outlook
and statements concerning our operations, economic performance,
financial condition, goals, beliefs, future growth strategies,
investment objectives, plans and current expectations, such as 2019
guidance. These forward-looking statements are subject to
various known and unknown risks, uncertainties and other factors.
When we use words such as "believes," "expects," "anticipates,"
"estimates" or similar expressions, we are making forward-looking
statements. Although we believe that our forward-looking statements
are based on reasonable assumptions, our expected results may not
be achieved, and actual results may differ materially from our
expectations. In addition, important factors that could cause
actual results to differ from expectations are described in our
filings with the Securities and Exchange Commission, including
under the caption "Risk Factors" in our periodic reports or
incorporated therein. You should not rely upon
forward-looking statements except as statements of our present
intentions and of our present expectations, which may or may not
occur. Except as required by law, we undertake 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.
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SOURCE Iron Mountain Incorporated