CoreCivic Announces Promotion of Patrick Swindle to President And Chief Operating Officer
16 December 2024 - 11:00PM
CoreCivic, Inc. (NYSE: CXW) ("CoreCivic")
announced today that CoreCivic's Board of Directors (the "Board")
has appointed Patrick Swindle, who currently serves as CoreCivic's
Executive Vice President and Chief Operating Officer, to President
and Chief Operating Officer, effective January 1, 2025.
Damon T. Hininger, who currently serves as
CoreCivic's Chief Executive Officer and President, will continue
serving as CoreCivic's Chief Executive Officer and as a member of
the Board.
Mr. Hininger commented, "Patrick is an exceptional
leader with a wide set of skills and talents and over the years has
developed an in-depth knowledge of all aspects of our business,
most recently having overseen the largest component of our business
while serving as our Chief Operating Officer. Patrick has proven
his ability to develop people and solve challenging problems, and I
am confident that Patrick's demonstrated abilities will serve us
well as we enter a time period that we believe will have rapid
growth."
Mr. Swindle said, "I am humbled to be afforded this
tremendous opportunity to serve as President and Chief Operating
Officer of CoreCivic. I am honored to work alongside so many great
professionals, and I look forward to helping our team to deliver
our mission-critical services in a newly expanded role."
Mr. Swindle joined CoreCivic in 2007 as Managing
Director, Treasury and has held numerous positions, including Vice
President, Strategic Development; Senior Vice President,
Operations; and Executive Vice President and Chief Corrections
Officer before promoting to Executive Vice President and Chief
Operating Officer. Prior to joining CoreCivic, Mr. Swindle spent
ten years in equity research in the equity capital markets
divisions of SunTrust Equitable Securities, Raymond James Financial
Services, Inc. and Avondale Partners, LLC. Mr. Swindle holds a
bachelor's degree in finance from Western Kentucky University.
About CoreCivic
CoreCivic is a diversified, government-solutions
company with the scale and experience needed to solve tough
government challenges in flexible, cost-effective ways. We provide
a broad range of solutions to government partners that serve the
public good through high-quality corrections and detention
management, a network of residential and non-residential
alternatives to incarceration to help address America’s recidivism
crisis, and government real estate solutions. We are the nation’s
largest owner of partnership correctional, detention and
residential reentry facilities, and believe we are the largest
private owner of real estate used by government agencies in the
United States. We have been a flexible and dependable partner for
government for more than 40 years. Our employees are driven by a
deep sense of service, high standards of professionalism and a
responsibility to help government better the public good. Learn
more at www.corecivic.com.
Cautionary Note Regarding
Forward-Looking Statements
This press release includes forward-looking statements
concerning executive leadership positions at CoreCivic and
prospects of growth in CoreCivic's business. These forward-looking
statements may include such words as "anticipate," "estimate,"
"expect," "project," "plan," "intend," "believe," "may," "will,"
"should," "can have," "likely," and other words and terms of
similar meaning in connection with any discussion of the timing or
nature of future operating or financial performance or other
events. Such forward-looking statements may be affected by risks
and uncertainties in CoreCivic's business and market conditions.
These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the statements made. Important factors that could cause actual
results to differ are described in the filings made from time to
time by CoreCivic with the Securities and Exchange Commission
("SEC") and include the risk factors described in CoreCivic's
Annual Report on Form 10-K for the fiscal year ended December 31,
2023, filed with the SEC on February 20, 2024. Except as required
by applicable law, CoreCivic undertakes no obligation to update
forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.
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Contact: |
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Investors: Michael Grant -
Managing Director, Investor Relations - (615) 263-6957Media: Steve
Owen – Vice President, Communications - (615) 263-3107 |
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a762dcb4-4b40-4037-96c9-8272b54f7368
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