Iron Mountain (IRM) announced that Alfred J. Verrecchia became chairman of its board effective March 15. Verrecchia joined the company’s board in March 2010 and was appointed lead independent director in June 2012. Verrecchia has been chairman-elect since late 2012, when the company announced the retirement of longtime CEO and chairman Richard Reese and welcomed new CEO William Meaney. With the appointment of Verrecchia, the board separates the chairman and CEO roles between two individuals, creating a new leadership structure for the company and reflecting best practices for corporate governance. Verrecchia is also chairman of the board at Hasbro (HAS).
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