June Felix
About June Y. Felix
Independent director at Iron Mountain (appointed January 1, 2025). Background spans three decades in financial services, fintech, and technology, including CEO tenure at IG Group plc; education includes a bachelor’s degree in chemical engineering and pre-medicine from the University of Pittsburgh. Age 68; current board service at Iron Mountain began in 2025; core credentials emphasize risk oversight, governance, and leadership across complex international businesses .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| IG Group plc | Group CEO | 2018–2023 | Led global fintech; governance and risk oversight |
| IG Group plc | Non-Executive Director | 2015–2018 | Board-level strategic oversight |
| Verifone, Inc. | Regional President | 2014–2018 | Operations leadership in fintech/payments |
| Citibank | Senior leadership roles | Not disclosed | Financial services experience |
| IBM | Senior leadership roles | Not disclosed | Technology operations/strategy |
| Chase Manhattan Bank | Senior leadership roles | Not disclosed | Banking leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| RELX plc (LSE) | Non-Executive Director | Since 2021 | Information-based analytics; public company |
| Hiscox Ltd (LSE) | Non-Executive Director | Since Jan 2025 | International insurance group; public company |
| London Technology Club | Advisory Board Member | Since 2018 | Technology investing network |
Board Governance
- Independence: Board affirmed all non-employee directors (including Felix) are independent under NYSE standards .
- Committee assignments: Member, Audit Committee (financial expert standard met) ; Member, Risk & Safety Committee (technology, cybersecurity, and AI oversight) .
- Appointment and tenure: Appointed effective January 1, 2025; nominated for election at the 2025 Annual Meeting .
- Attendance and engagement: Board held four meetings in 2024; each incumbent director met 75%+ attendance (Felix was not on the Board in 2024) . Executive sessions occur at each Board and committee meeting .
- Board leadership: Independent Chair (Pamela M. Arway); strong independent oversight with executive sessions and majority-independent committees .
- Overboarding policy: Non-executive directors limited to ≤4 public boards, including IRM; Felix serves on three (IRM, RELX, Hiscox)—within policy .
Fixed Compensation
| Component | 2024 Plan | 2025 Modifications | Notes |
|---|---|---|---|
| Annual Board Retainer (cash) | $85,000 | $90,000 | Pro-rated for partial-year service |
| Committee Member Retainer (cash) | $15,000 per committee | Unchanged | Audit, Compensation, N&G, Finance, Risk & Safety |
| Committee Chair Retainer (cash) | $20,000 per committee | Unchanged | Not a chair currently |
| Independent Chair Retainer (cash) | $160,000 | Unchanged | Not applicable to Felix |
| Annual RSU Grant (equity) | $190,000 grant value; immediate vest at grant | $220,000 grant value | Pro-rated grants for mid-cycle appointments; Felix received no 2024 compensation |
| Director Deferred Compensation Plan | Elective deferral of cash and/or RSUs into phantom stock; paid in common shares later; no company match | Unchanged | Optional participation |
2024 Director Compensation Table lists no compensation for Felix (effective January 1, 2025) .
Performance Compensation
Directors do not receive performance-based cash bonuses or PSU-linked director equity; annual RSUs vest immediately (time-based). No director performance metrics disclosed.
| Metric Type | Applied to Director Pay? | Details |
|---|---|---|
| Revenue, EBITDA, AFFO, TSR | No | Not used for director compensation |
| RSUs vesting conditions | Yes (time-based) | RSUs vest immediately on grant for directors; may be deferred |
Other Directorships & Interlocks
| Company | Sector | Role | Potential Interlocks/Conflicts |
|---|---|---|---|
| RELX plc | Information analytics | NED | No related-party dealings disclosed with IRM |
| Hiscox Ltd | Insurance | NED | IRM monitors insurance program via Risk & Safety Committee; no transactions disclosed; low conflict risk |
| London Technology Club | Advisory | Advisor | Network affiliation; no related-party transactions disclosed |
- Related party transactions: Board’s policy requires Audit Committee review/approval; none requiring review in 2024 .
- Hedging/pledging: Prohibited for directors/executives (alignment positive) .
Expertise & Qualifications
- Strategic leadership across international fintech, technology, and financial services (IG Group CEO; Verifone regional leadership) .
- Governance and risk oversight expertise highlighted by Audit Committee membership and Risk & Safety Committee role (cybersecurity, AI oversight) .
- Education: Bachelor’s in chemical engineering and pre-medicine, University of Pittsburgh .
Equity Ownership
| Holder | Beneficial Shares | % of Shares Outstanding | Notes |
|---|---|---|---|
| June Y. Felix | 742 | <1% | Beneficial ownership excludes phantom/deferred shares |
- Director stock ownership guidelines: Minimum ownership equal to 6x annual cash retainer; all non-employee directors are in compliance as of April 18, 2025 .
- Retention requirement: Must retain 50% of net shares from RSU/PU vesting until meeting guidelines .
- Hedging/pledging: Prohibited, improving alignment .
Governance Assessment
- Strengths: Independence; dual placement on Audit and Risk & Safety committees (financial literacy, risk oversight, cybersecurity/AI), adding relevant domain expertise for IRM’s digital and data center initiatives .
- Alignment: Immediate-vesting RSUs, ownership guidelines, anti-hedging/pledging policy; optional deferral into phantom stock supports long-term alignment .
- Conflicts/Red Flags: No related-party transactions disclosed; overboarding within policy limits; no Section 16(a) delinquencies in 2024; low governance risk signals .
- Engagement: New appointee in 2025; committee memberships suggest active role in oversight; attendance data for 2024 not applicable .