Feeds

Iron Mountain dislodges CEO

Bob Brennan goes

Secure remote control for conventional and virtual desktops

Iron Mountain, the successful supplier of physical record vaulting and unsuccessful supplier of digital vaulting services, has dumped its CEO, Bob Brennan, and made board chairman Richard Reese CEO in his stead.

It appears Brennan has taken the hit for Iron Mountain's disastrous foray into its recently closed public cloud storage and loss-making eDiscovery services. As a result the weakened company is under an attack by an activist hedge fund investor, Elliot Management, which wants to turn it into a Real Estate Investment Trust.

Brennan has stepped down as president, CEO and a director of the company, but his departure seems not to be hostile. Kent Dauten, lead director of Iron Mountain's board, was complimentary about Brennan's contribution, and said: "We wish Bob all the best in his future endeavours."

Brennan was quoted in Iron Mountain's statement, saying: "Iron Mountain has great employees, who are dedicated to serving customers by treating customers' information as if it were their own. I am proud of what we have accomplished together and confident in the Company's plan and future prospects."

Richard Reese was a previous Iron Mountain CEO from 1981 to 2008 and it now falls to him to steady the rusty Iron Mountain ship and put some bright and shiny steel into its business plans. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.