BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management company, announced today that Jeff Lawrence, senior vice president and treasurer, will retire from the company after 28 years of service. Joining Iron Mountain on June 13, 2016 as senior vice president, finance will be Rachel Wilson, who will assume overall responsibility for treasury, enterprise financial planning and analysis, and the company’s corporate services group and adjacent business finance teams. Chris LaRochelle, who has served as Iron Mountain’s vice president and assistant treasurer throughout his 11 years with the firm, will be named treasurer.
Lawrence will begin transitioning treasury responsibilities to Wilson and LaRochelle while continuing to work with the senior leadership team on a number of ongoing assignments as he transitions into retirement in the coming months. During his tenure with the company, Lawrence served in several capacities, including acting as a key member of the Bell and Howell Records Management acquisition team in 1988, and leading the accounting and finance function through the company’s IPO in 1996. He was named treasurer in 1997. Most recently, he directed the Finance Senior Leadership organization’s preparations for the acquisition and integration of Recall Holdings, including converting certain of Recall’s operations into Iron Mountain’s Real Estate Investment Trust (REIT) structure, financial systems preparation and securing financing for the transaction. Prior to that, Lawrence led the team charged with readying the organization to convert to a REIT, which the company successfully completed in June 2014.
“On behalf of the organization, I’d like to thank Jeff for his many contributions and loyal service to Iron Mountain,” said Roderick Day, Chief Financial Officer. “Jeff has seen the company grow from revenues of $10 million and 200 employees in 1988 to our present size of more than $3.7 billion in annual revenue and 25,000 associates around the globe. His deep knowledge of our organization and history, and his ability to see the potential from nascent opportunities were invaluable as we pursued various strategic initiatives over the years. His analytical approach to these very complex undertakings has been highly valued. During my time as CFO Jeff has been a great partner to me, and we wish him all the best in his well-deserved retirement.”
“At the same time, I am pleased to welcome Rachel Wilson to the role of senior vice president, finance,” Day added. “Rachel brings 20 years of experience in capital markets, financial planning and analysis and investment banking, and her unique combination of business development, strategic planning and deep financial acumen will mesh well within our finance organization.”
Wilson was most recently vice president, financial and investor relations for Jarden Corporation. At Jarden, including her time as vice president, corporate development and investor relations, she helped execute and market acquisitions and related equity and debt financing totaling more than $7.5 billion from 2013 up until Jarden’s recent sale to Newell Brands. This final transaction implied a value for Jarden of approximately $15 billion. From 2009 – 2012, Wilson was with Avon Products, Inc. in a variety of corporate strategy and business development roles. Prior to Avon, she was managing director at Citigroup from 2007 – 2009, supporting clients in the consumer products industry, and served in a variety of investment banking roles with Morgan Stanley from 1994-1996 as an M&A analyst and from 1998 – 2007, in the corporate finance area primarily focused on consumer products companies.
Wilson has an MBA, Finance from Columbia Business School, and MA, International Economics and International Relations from the Paul H. Nitze School of Advanced International Studies as part of a BA/MA in International Relations from Johns Hopkins University.
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.
