CoreCivic, Inc. (NYSE: CXW) has announced significant changes in its leadership, with Patrick D. Swindle set to take over as the President and Chief Executive Officer effective January 1, 2026. Swindle, who has been with the company for over eighteen years, previously served as the President and Chief Operating Officer since January 1, 2025. This transition follows the tenure of Damon T. Hininger, who has been the Chief Executive Officer since August 17, 2009.
During his time at CoreCivic, Swindle has made notable contributions to the company's strategic development initiatives, operational transformations, and the activation of certain idle facilities. His efforts have resulted in greater operational consistency, organizational strength, and positioning the company to meet the increased demand for its innovative solutions.
In terms of financial performance, CoreCivic has seen rapid growth under Swindle's leadership. The company has become the nation's largest owner of partnership correctional, detention, and residential reentry facilities, and one of the largest operators of such facilities in the United States.
Moreover, the transition from Hininger to Swindle has been described as smooth and well-orchestrated, with Hininger expressing confidence in Swindle's ability to lead the company forward. In a personal note, Hininger expressed pride and happiness for Swindle's appointment.
Hininger will continue to work with Swindle and Mark Emkes, the Chairman of CoreCivic's Board, as a special advisor to the CEO and Chairman to ensure a seamless transition. The company has also expressed its gratitude to Hininger for his years of service and leadership, noting his role in leading CoreCivic through periods of substantial transformation and innovation.
CoreCivic, a government-solutions company, has emphasized its commitment to solving tough government challenges in flexible, cost-effective ways. The company provides a broad range of solutions to government partners, including high-quality corrections and detention management, residential and non-residential alternatives to incarceration, and government real estate solutions.
With these changes in leadership, CoreCivic is poised for continued growth and success under Swindle's guidance, building on the foundation established by Hininger and the company's longstanding commitment to service and professionalism. Today the company's shares have moved -0.96% to a price of $20.62. For the full picture, make sure to review CoreCivic's 8-K report.
