CoreCivic, Inc. (NYSE: CXW) has announced the promotion of Patrick Swindle to the position of President and Chief Operating Officer, effective January 1, 2025. Swindle has been serving as the Executive Vice President and Chief Operating Officer and brings a wealth of experience to his new role, having joined CoreCivic in 2007 as Managing Director, Treasury. Damon T. Hininger, the current Chief Executive Officer and President, will continue to serve as CEO and as a member of the board.
Swindle's promotion comes at a time of anticipated rapid growth for CoreCivic, and his appointment is seen as a strategic move to capitalize on his demonstrated abilities in leadership, problem-solving, and personnel development. With a background in finance, including ten years in equity research, Swindle holds a bachelor's degree in finance from Western Kentucky University.
CoreCivic is a government-solutions company that provides a range of services, including corrections and detention management, residential and non-residential alternatives to incarceration, and government real estate solutions. The company is the nation's largest owner of partnership correctional, detention, and residential reentry facilities and is believed to be the largest private owner of real estate used by government agencies in the United States.
As CoreCivic enters a new phase, Swindle's appointment reflects the company's confidence in his ability to lead during a period of expected expansion. The company's focus on delivering mission-critical services aligns with Swindle's expressed commitment to serving in his newly expanded role. Following these announcements, the company's shares moved -1.7%, and are now trading at a price of $21.5. For more information, read the company's full 8-K submission here.
