The GEO Group Inc. (NYSE: GEO), a leading provider of correctional and detention facilities, announced today that its Chief Executive Officer, Jose Gordo, will depart from his role and become an advisor to the Company, effective December 31, 2023.
Mr. Gordo will advise the Company on various matters, including litigation, client relations, operational issues, growth opportunities, financial management, and debt restructuring.
Brian Evans, the Company’s Chief Financial Officer, has been appointed as the new Chief Executive Officer, effective January 1, 2024. Mr. Evans has been with the Company for 23 years and has served as the CFO for 14 years. Shayn March, Executive Vice President, Finance and Treasurer, has been appointed as the Acting Chief Financial Officer.
The GEO Group also announced that Wayne Calabrese has been appointed as the President and Chief Operating Officer, effective January 1, 2024. Mr. Calabrese has been with the Company since 1989 and has held various leadership positions, including President and COO from 2007 to 2010. He rejoined the Company in 2021 as the head of the Legal Department and was promoted to Senior Vice President and COO in 2022.
Furthermore, the Company confirmed that Dr. George Zoley, the Company’s Founder and Executive Chairman, will step down as Executive Chairman on June 30, 2026, at the end of his current employment term. Dr. Zoley will continue to serve as an Advisor to the Company and as the non-Executive Chairman of the Board of Directors, subject to shareholder approval. Dr. Zoley is the longest-serving CEO in the corrections industry, with over 40 years of experience.