Iron Mountain: Heinz’s Andre Maciel Joins Board of Directors

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Iron Mountain has elected Andre Maciel to the Board of Directors
As Iron Mountain's stock continues to rise, Heinz’s Andre Maciel joins the Board of Directors, a move Iron Mountain’s CEO describes as a ‘valuable asset’

It’s been a busy week so far at data management service Iron Mountain. The company has shared that it has elected Andre Maciel to the Board of Directors and Iron Mountain Inc. IRM rose 0.81% higher to $100.94. This was a challenging trading session for the stock market, with the S&P 500 Index SPX falling 0.16% to 5,555.74 and Dow Jones Industrial Average DJIA falling 0.14% to 40,358.09. This was the stock's third consecutive day of gains. 

Iron Mountain stock market climbs

Since the early 1950s, Iron Mountain has been well respected for its security services. The Boston-based company spent its first 70 years safely storing physical data for companies throughout the US, as well as a number of government entities. Most famous for its hyper-secure facility built in a disused mine some 220 feet beneath rural Pennsylvania, Iron Mountain has leveraged its sterling reputation over the past decade into a successful transformation of its core competencies. Of course, you can still store a box of legal documents in an Iron Mountain facility but, more and more, the company’s key business has become building and managing the demand of its customers' digital infrastructure needs. Over the past few years, Iron Mountain Data Centers has built a substantial data centre platform in the US, where it operates sites from New Jersey to Phoenix, as well as across the Atlantic in London, Frankfurt, and Amsterdam. 

We featured Iron Mountain in our Top 10: Underground Data Centres.

Through its portfolio of data centres in 18 locations across three continents, Iron Mountain enables organisations to achieve hybrid IT success by providing secure, compliant data centres with efficient access to top carriers, cloud and IT services providers. 

This week, Iron Mountain Inc. hit a new 52-week high, beating its previous peak of US$100.78, which Iron Mountain hit on July 17th. 

The stock beat some of its competitors:

  • Prologis Inc. PLD fell 0.77% to $125.68
  • IBM fell 0.03% to $184.10
  • Digital Realty Trust Inc. DLR fell 0.30% to $155.09. 

Trading volume (1.0 M) remained 850,211 below its 50-day average volume of 1.9 M.

Andre Maciel brings his financial and digital transformation expertise to Iron Mountain board

At Kraft Heinz, one of the world’s largest food and beverage companies, Andre has held a variety of key leadership roles, such as US Chief Financial Officer and Head of Digital Transformation and Managing Director for Continental Europe. He also served as Chief Financial Officer of the US Zone and played a critical leading role in several post-merger integrations.

Having led Zero Based Budget (ZBB) and pricing strategy in organisations like Kraft Heinz, AB InBev and Labatt, Andre understands what it takes to drive substantial and long-lasting business transformation. 

“I believe in creating a culture where all employees across Finance, no matter where they are in the world, feel recognised and free to share what makes them unique – both inside and outside of work,” he said.  

Andre has studied and worked in 13 countries. He earned a BA in industrial engineering from Universidad de São Paulo and an MBA from INSEAD in Fontainebleau, France. 

“Our Board of Directors is pleased to welcome Andre Maciel,” said Pamela Arway, Iron Mountain Board Chairperson. “His significant financial and operational experience will be of great benefit and brings additional strength to our Board.”

“Andre Maciel’s deep digital transformation experience and international perspectives will be valuable assets for our continued growth trajectory,” added William L. Meaney, Iron Mountain President and CEO. 

 

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