Corrections Corporation of America Appoints Two Additional Members to its Board of Directors
John R. Horne currently serves as chairman, president and chief executive officer of Navistar International Corporation (NYSE: NAV), a position he has held since 1996. Navistar International Corp. is one of the world's largest truck and engine manufacturers. He previously served as corporate vice president and general manager of Navistar's Engine and Foundry Group after holding several other positions with the company. Mr. Horne also serves on the board of directors of Internet Corporation, the National Association of Manufacturers (NAM), Junior Achievement of Chicago; is a member of the Board of Trustees of Taylor University in Indiana; serves on the Mechanical Engineering Industrial Advisory Council for Purdue University; and is a member of the Chicago Council on Foreign Relations, the Conference Board, the Economic Club of Chicago, and the Executives' Club of Chicago.
Mr. Horne holds a M.S. degree in mechanical engineering from Bradley University, a B.S. degree in mechanical engineering from Purdue University, and is a graduate of the management program at Harvard Graduate School of Business Administration. In addition, Mr. Horne was awarded an Honorary Doctor of Engineering Award from Purdue University.
Charles L. Overby currently serves as chairman and chief executive officer of The Freedom Forum, an independent, non-partisan foundation dedicated to the First Amendment and media issues, a position he has held since 1997. He previously worked for Gannett Co., the nation's largest newspaper company, for 16 years in capacities such as reporter, editor and corporate executive. In addition, he is a former Pulitzer Prize-winning editor in Jackson, Mississippi. Mr. Overby serves on the board of the Committee to Protect Journalists, the Board of Regents of Baylor University, the board of the National Collegiate Athletic Association Foundation and the Greater Washington Board of Trade. He also serves as a member of the foundation board of his alma mater, the University of Mississippi.
"We are extremely pleased to announce that John and Charles have joined our board of directors," said Bill Andrews, Chairman of the Company's board of directors. "Both of these individuals bring a wealth of experience and knowledge to the Company and represent important additions to our existing board."
About the CompanyThe Company is the nation's largest provider of outsourced corrections management services, housing an inmate population larger than that of all but five public correctional systems in the United States. The Company specializes in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, each of the Company's facilities offers a variety of rehabilitation and educational programs, including basic education, life skills and employment training and substance abuse treatment. The Company also provides health care (including medical, dental and psychiatric services), institutional food services and work and recreational programs. The Company owns or manages 70 facilities, including 68 correctional and detention facilities, with a total design capacity of approximately 65,000 beds in 21 states, the District of Columbia and Puerto Rico, of which 68 facilities are operating (two of which are idle) and two are under construction.
Forward-Looking StatementsThis press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Factors that could cause operating and financial results to differ are described in the Company's Form 10-K, as well as in other documents filed with the Securities and Exchange Commission, and these factors include, but are not limited to, the growth of the private corrections and detention industry, the Company's ability to obtain and maintain facility management contracts and general market conditions. The Company does not undertake any obligation to publicly release the result of any revisions to forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
The Company takes no responsibility for updating the information contained in this press release following the date hereof 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.
MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X37823544SOURCE Corrections Corporation of America
CONTACT: Karin Demler of Corrections Corporation of America, +1-615-263-3005 (CXW NAV) http://www.prnewswire.com
Copyright (C) 2001 PR Newswire. All rights reserved.