Exhibit 99
FOR IMMEDIATE RELEASE:
Contact: John F. Kenny, Jr.
Executive Vice President and
Chief Financial Officer
617.535.4799
IRON MOUNTAIN INCORPORATED CHAIRMAN AND CEO RICHARD REESE
TO ASSUME ADDITIONAL RESPONSIBILITIES AS PRESIDENT;
BOB MILLER BECOMES COO
BOSTON - June 23, 2000 - Iron Mountain Incorporated (NYSE: IRM), the leader in
records and information management services, today announced that Chairman and
Chief Executive Officer Richard Reese will assume additional responsibilities as
president of the company. Peter Pierce, who became president of Iron Mountain
upon the company's merger with Pierce Leahy Corporation in February 2000, is
resigning to pursue other interests and will continue as a member of Iron
Mountain's Board of Directors.
"Peter Pierce not only did an outstanding job building Pierce Leahy
Corporation into a major force in the industry, but has been an extremely
valuable member of our executive team as the integration of our two companies
has proceeded," Reese said. "After completing the merger in February, Peter
worked diligently with me to place the right people in the right positions to
foster the continued growth of the business. His counsel and guidance will
remain a valuable resource as he continues his role as a member of the Board of
Directors."
Pierce commented, "I have decided that after completing the initial
phase of the integration, it is time for me to move on to the next stage in my
career. I have enjoyed serving as Iron Mountain's president during what is
proving to be a highly successful integration process, and I intend to continue
contributing to the company's growth as a member of the Board."
-- more --
<PAGE>
Reese Assumes Additional Responsibilities at Iron Mountain Incorporated / 2
Iron Mountain also announced today that Bob Miller will assume the new
position of chief operating officer of Iron Mountain's Records Management
Division, located in Collegeville, PA. Most recently the company's executive
vice president, southern area, Miller has held various management and sales
positions at Iron Mountain, including regional vice president, during his
15-year career with the company. "I look forward to working with Bob Miller as a
member of our executive team," Reese said. "Bob's experience and record of
success at Iron Mountain will enable us to continue the growth of our records
management business."
About Iron Mountain Incorporated
Iron Mountain Incorporated is the leader in records and information
management services. As an international, full service provider of records and
information management services, Iron Mountain currently provides services to
over 100,000 customer accounts in 77 markets in the United States, including
more than half of the Fortune 500, and over 15,000 customer accounts in 31
markets outside the United States. The company currently operates nearly 500
records management facilities in the United States and approximately 90 outside
the United States. For more information, visit our Web site at
www.ironmountain.com.
# # #
