Exhibit 99.1
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| News Release |
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| Contact: |
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Investors: Michael Grant - Managing Director, Investor Relations - (615) 263-6957
Media: Steve Owen – Vice President, Communications - (615) 263-3107 |
CORECIVIC APPOINTS CATHERINE
HERNANDEZ-BLADES AND ALEXANDER R. FISCHER TO ITS BOARD OF DIRECTORS;
CORECIVIC ALSO ANNOUNCES PLANNED RETIREMENT
OF LONG-TERM BOARD MEMBER DONNA ALVARADO
Brentwood, Tenn. – March 7, 2024 – CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that,
effective March 15, 2024, Catherine Hernandez-Blades and Alexander R. Fischer will be appointed as independent members of the Company’s Board of Directors, expanding the board from ten to twelve directors, ten of whom have been determined
by the board to be independent. The company also announced today that Donna M. Alvarado, who has served on CoreCivic’s Board of Directors since 2003, will retire from the Board in accordance with the Company’s retirement policy after the
company’s 2024 Annual Meeting of Shareholders, bringing the number of board members at that point to eleven, including nine independent members. Both Ms. Hernandez-Blades and Mr. Fischer are expected to join various board committees
in the future.
“We are pleased to have Catherine and Alex join our Board of Directors,” said Damon
Hininger, CoreCivic’s President and Chief Executive Officer. “Catherine brings decades of executive leadership experience in government relations, communications, and marketing in both the private and the public sectors. She
has partnered with the Federal government through her work at SAIC, Raytheon and Lockheed Martin, and she has worked closely with government leaders at the state level as well. Catherine also provides community support as a board member at several non-profits. We are very excited to add her valuable perspective to CoreCivic’s board.”
Hininger added,
“We’re equally excited about the addition of Alex Fischer to our board. Alex brings diverse business, government, and non-profit experience, including extensive work in corporate strategy and
property development. Alex has deep knowledge of economic development from both his leadership of the Columbus Partnership and previously as Commissioner of Economic Development and Deputy Governor for the State of Tennessee. Alex’s strong
board experience spans a publicly traded company as well as other private and non-profit entities.”
“As
we welcome Catherine and Alex, I also want to express how grateful we are to Donna Alvarado for her 21 years of thoughtful stewardship as a CoreCivic board member, “Hininger continued. Donna has been deeply engaged with CoreCivic and she’s
provided valued and consistent counsel as we have navigated various opportunities over the past two decades.”
Ms. Hernandez-Blades, 56,
formerly served as the senior brand marketing and communications executive at SAIC, Aflac, and Flex (formerly Flextronics), where she had responsibility for brand, reputation, crisis, and issues management, as well as environmental, social, and
governance efforts. Previously, she held senior management positions at Raytheon and Lockheed Martin, as well as in government, including serving by gubernatorial appointment as the Executive Director of the Louisiana Seafood Promotion and Marketing
Board. Ms. Hernandez-Blades serves as the U.S. representative on the Advisory Board of the World Communications Forum Association—Davos, and as a Trustee for the Institute of Public Relations, an industry think tank. She is a former
Chair of the Board of Operation Homefront, The Seminar, and CASA New Orleans. She holds a bachelor’s degree in Mass Communications from the University of Louisiana, Lafayette, and is a Loyola University Environmental Communications Fellow.
5501 Virginia Way, Brentwood, Tennessee 37027, Phone:
615-263-3000