CoreCivic names Patrick Swindle as next CEO effective January 2026

BRENTWOOD, Tenn. - CoreCivic, Inc. (NYSE:CXW), a corrections and detention management company with a market capitalization of $2.2 billion, announced Monday that Patrick D. Swindle will become President and Chief Executive Officer effective January 1, 2026, succeeding Damon T. Hininger, who has led the company since 2009.

Swindle, who was appointed President and Chief Operating Officer on January 1, 2025, will also join CoreCivic’s Board of Directors when Hininger steps down from that position at the start of 2026.

Mark Emkes, CoreCivic’s Board Chairman, cited Swindle’s "vision and expertise" and his proven leadership during a period of rapid growth as qualifications for the top role.

Swindle brings 18 years of experience with CoreCivic, having joined in 2007 as Managing Director of Treasury before advancing through various leadership positions. His accomplishments include restructuring the company’s operational leadership team and standardizing core processes in 2018.

"CoreCivic is uniquely positioned for growth and future success," Swindle said in the press release statement.

Prior to joining CoreCivic, Swindle spent ten years in equity research at several financial services firms. He holds a bachelor’s degree in finance from Western Kentucky University.

Hininger, who began his career with CoreCivic as a correctional officer in 1992, will serve as a Special Advisor to the CEO and Chairman after stepping down to ensure a smooth transition.

CoreCivic describes itself as a diversified government-solutions company that provides corrections and detention management, alternatives to incarceration, and government real estate solutions. The company is the nation’s largest owner of partnership correctional, detention and residential reentry facilities. With a healthy current ratio of 1.6 and strong operational metrics, InvestingPro’s comprehensive analysis suggests the stock is currently undervalued. Get access to the full CoreCivic Research Report, along with detailed analysis of 1,400+ other US stocks, exclusively on InvestingPro.

In other recent news, CoreCivic Inc. reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.36, significantly higher than the anticipated $0.21, marking a 71.43% increase. Revenue also exceeded forecasts, reaching $538.2 million compared to the projected $499.02 million, reflecting a 7.85% rise. Additionally, CoreCivic has secured a new contract to reactivate its previously idle West Tennessee Detention Facility. This agreement, under an intergovernmental services arrangement with the City of Mason and U.S. Immigration and Customs Enforcement (ICE), will see the facility operational again until at least August 2030, with potential extensions. The contract includes a fixed monthly payment and additional per diem payments based on detainee numbers. These developments highlight CoreCivic’s recent strategic and financial advancements.

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