CoreCivic Appoints Lucibeth Mayberry as New CEO
CoreCivic (CXW) announced on Friday that it appointed Lucibeth N. Mayberry as President and Chief Executive Officer, effective immediately. She also joined the company's board of directors. Patrick D. Swindle resigned from his roles as president and CEO and stepped down from the board in connection with this leadership transition. Mayberry brings extensive experience to her new role at CoreCivic, having previously held various executive positions within the organization. Her appointment marks a significant change in leadership for the company following Swindle's departure after nearly 15 years as CEO. The move is expected to influence investor sentiment and could impact strategic direction. The transition comes amid ongoing challenges facing the corrections industry, including regulatory scrutiny and shifting public opinion on incarceration practices.
Tickers: $CXW
Topics: Board appointment Leadership change