CoreCivic Appoints Devin I. Murphy to Its Board of Directors
November 02 2018 - 4:15PM
CoreCivic, Inc. (NYSE: CXW) (the “Company")
announced today that, effective November 6, 2018, Devin I. Murphy
will be appointed as a member of the Company's Board of Directors,
expanding the size of the Board from ten to eleven directors,
including nine of whom are independent. Mr. Murphy will also serve
as a member of the Company's audit committee.
"We are pleased to have Devin Murphy join our Board
of Directors," said Damon Hininger, CoreCivic's President and Chief
Executive Officer. "Devin brings decades of executive
leadership, finance and investment banking expertise across global
real estate markets. Devin's diverse experience in real
estate, operations, capital markets and M&A will be a valuable
asset to our Board as we continue to execute our growth strategies;
expanding our portfolio that already consists of over 17 million
square feet of real estate."
Murphy, age 58, is Chief Financial Officer, Treasurer and
Secretary of Phillips Edison & Company, an owner and operator
of grocery anchored shopping centers. He previously served as
Vice Chairman of Investment Banking at Morgan Stanley. He
began his real estate career in 1986 when he joined the real estate
group at Morgan Stanley as an associate. Prior to rejoining
Morgan Stanley in June 2009, Mr. Murphy was a managing partner of
Coventry Real Estate Advisors, a real estate private equity firm,
which sponsors institutional investment funds that acquire and
develop retail properties. Before joining Coventry, Mr.
Murphy served as global head of real estate investment banking for
Deutsche Bank Securities, Inc. Mr. Murphy was with Morgan
Stanley for 15 years before joining Deutsche Bank. He held a
number of senior positions at Morgan Stanley including co-head of
U.S. real estate investment banking and head of the private capital
markets group. Mr. Murphy is an advisory director of Hawkeye
Partners, a real estate private equity firm headquartered in
Austin, Texas, and of Trigate Capital, a real estate private equity
firm headquartered in Dallas, Texas.
Mr. Murphy received a bachelor of arts with Honors from the
College of William and Mary and a master of business administration
from the University of Michigan.
About CoreCivic
The Company is a diversified government solutions company with
the scale and experience needed to solve tough government
challenges in cost-effective ways. We provide a broad range of
solutions to government partners that serve the public good through
corrections and detention management, government real estate
solutions, and a growing network of residential reentry centers to
help address America’s recidivism crisis. We are a publicly traded
real estate investment trust (REIT) and the nation’s largest owner
of partnership correctional, detention and residential reentry
facilities. We also believe we are the largest private owner of
real estate used by government agencies. The Company has been
a flexible and dependable partner for government for more than 30
years. Our employees are driven by a deep sense of service, high
standards of professionalism and a responsibility to help
government better the public good. Learn more at
http://www.corecivic.com/.
CoreCivic takes no responsibility for updating the information
contained in this press release following the date hereof to
reflect events or circumstances occurring after the date hereof or
the occurrence of unanticipated events or for any changes or
modifications made to this press release or the information
contained herein by any third-parties, including, but not limited
to, any wire or internet services.
Contact: |
|
Investors: Cameron
Hopewell - Managing Director, Investor Relations - (615)
263-3024Media: Steve Owen - Managing Director, Communications -
(615) 263-3107 |
CoreCivic (NYSE:CXW)
Historical Stock Chart
From Aug 2024 to Sep 2024
CoreCivic (NYSE:CXW)
Historical Stock Chart
From Sep 2023 to Sep 2024