CCA Announces Damon Hininger to Succeed John Ferguson as Chief Executive Officer

Ferguson to Remain as Chairman of the Board of Directors

On August 17, CCA announced that John Ferguson, the company’s chairman and chief executive officer will retire as CEO, effective October 15, 2009. Damon Hininger, who currently serves as president and chief operating officer, has been named to succeed Ferguson as CEO and will also serve as a director. Ferguson will remain as chairman of the company’s Board of Directors and as an active participant during the transition and in his responsibilities with the Board of Directors.

“On behalf of the Board of Directors and management, I would like to thank John for his invaluable service and leadership to our company over the last nine years. John successfully led a turnaround of CCA, instituting dramatic change in the company’s business structure and returning CCA to profitability,” said William Andrews, chairman of the Executive Committee of CCA’s Board of Directors.

Commenting on the transition, Ferguson stated, “While at CCA I faced many opportunities and challenges, but I always found it fulfilling and rewarding. Although I will continue to be involved with CCA’s Board and expect to remain quite active during the transition, I look forward to the next chapter of my life.”

Ferguson added, “Having started with CCA 17 years ago, Damon intimately knows every aspect of CCA’s business and is well equipped to build on CCA’s strategy and successfully lead CCA into the future. Damon epitomizes our active approach to professional staff development and I am proud of his accomplishments.”

Hininger joined the CCA in 1992, gaining exposure to essentially all aspects of the business throughout his career. Most recently, he served as president and chief operating officer; senior vice president, Federal Customer Relations; vice president, Federal Customer Relations and vice president, Business Analysis. Hininger earned a bachelor’s degree from Kansas State University and a master’s degree in business administration from the Jack Massey School of Business at Belmont University.

“I am honored and grateful for this opportunity and look forward to serving as president and CEO of CCA,” Hininger said. “I look forward to working with John in his role as chairman and building on the strong foundation he established during his time as CEO of the company.”

CCA Source, Fall 2009