CCA Announces Executive Officer Appointments
Corrections Corporation of America (NYSE: CXW), the nation’s largest provider of corrections management services to government agencies, announced today that John Ferguson, the Company’s Chief Executive Officer, has been appointed to serve as Chairman of the Company’s Board of Directors. William Andrews, who had served as Chairman, will now be Chairman of the Board’s Executive Committee. CCA also announced that Damon Hininger has been appointed to serve as the Company’s President and Chief Operating Officer. Mr. Hininger, who has been with the Company since 1992, has served as Senior Vice President, Federal and Local Customer Relations since September 2007.
Reflecting on his service as Chairman, Mr. Andrews said, “I am grateful to the shareholders of CCA for allowing me to serve as its Chairman for the last eight years, and I look forward to continuing to actively participate in its governance as a director and Chairman of the Executive Committee.”
Mr. Ferguson added, “On behalf of the Board of Directors and management, I would like to thank Bill for his longtime service as Chairman of the Board, during which time he led the Board with vision and precision. I hope to continue his legacy of building and managing a strong and dynamic Board that is committed to our vision and mission.”
Mr. Ferguson continued, “I would also like to take this opportunity to express how proud I am of Damon’s accomplishments, as he epitomizes our active approach to professional staff development. Having started his career with CCA 16 years ago as a correctional officer, he intimately knows every aspect of its business. I am confident that Damon’s demonstrated abilities will help him carry forward our strong business model that continues to successfully serve our customers, stockholders and employees.”
In response to his appointment as President, Mr. Hininger said, “I am honored and humbled to be afforded this tremendous opportunity to serve as the President and Chief Operating Officer of this great company. I have had a great mentor in John Ferguson and, with his guidance, I look forward to assuming oversight of our operations, business development and real estate departments as we continue to enhance CCA’s operations.”
Mr. Hininger joined the Company in 1992 and held several positions, including Vice President, Business Analysis and Vice President, Federal Customer Relations before being promoted to Senior Vice President. Mr. Hininger earned a bachelor’s degree from Kansas State University and an M.B.A. from the Jack Massey School of Business at Belmont University.
Additionally, CCA announced that Tony Grande has been appointed to serve as the Company’s new Executive Vice President and Chief Development Officer. Mr. Grande has served as Senior Vice President, State Customer Relations since September 2007. Mr. Grande joined CCA in 2003 to serve as Vice President of State Customer Relations. Prior to joining CCA, Mr. Grande served as the Commissioner of Economic and Community Development for the State of Tennessee. Mr. Grande earned his Masters of Education at Vanderbilt University in Nashville, Tennessee and his Bachelor of Arts from The American University in Washington, D.C.
Mr. Ferguson said, “With respect to Tony’s appointment, the role of Chief Development Officer is an important one in this organization, and I have great confidence in Tony’s ability to assume the enhanced responsibility for all of our federal, state and local government customer relations.”
Commenting on the new executive officer appointments, Mr. Ferguson continued, “I want to congratulate both Damon and Tony. They were each promoted in September 2007 to Senior Vice President in their respective roles of Federal/Local Customer Relations and State Relations and, in the past year, have both demonstrated their depth and breadth of leadership and vision. They bring their talent, dedication and energy to every management decision, and they are helping forge new opportunities for the Company.”