GEO Group (GEO) announced a pair of appointments this week, including a new CEO and Executive Chairman.
GEO, a fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers, announced that Jose Gordo would succeed George C. Zoley as GEO’s Chief Executive Officer. Zoley, who also served as the company’s founder and chairman, will transition to the position of Executive Chairman of GEO’s Board of Directors under a new five-year employment agreement with subsequent automatic one-year renewals.
“The transition to Executive Chairman will allow me to focus on the strategic planning and execution of our company’s future direction, while allowing Jose Gordo and our Senior Management Team to focus on day-to-day operations and the delivery of our services,” said Zoley. “We are pleased to have Mr. Gordo join our management team. He brings a wealth of experience and knowledge to our company.”
Gordo, who currently serves as an Independent Director and Chair of the Nominating and Corporate Governance Committee of GEO’s Board of Directors, boasts over 20 years of experience in business management, private equity, corporate finance, and business law. Since June 2017, Gordo has served as the Managing Partner of a general partnership that invests in and actively oversees small and medium-sized privately held companies, with a focus on the healthcare, technology, and financial services industries. From 2013 to early 2017, Gordo served as the Chief Financial Officer of magicJack Vocaltec Ltd., a publicly traded company in the telecommunications industry. Prior to that position, He also served as a Managing Director at The Comvest Group, a Florida-based private equity firm and was a partner at the national law firm of Akerman LLP, where he specialized in corporate law matters, advising public and private companies and private equity firms on mergers and acquisitions and capital markets transactions.
He also previously represented GEO as outside counsel for several years. Gordo received his J.D. degree from Georgetown University Law Center and a B.A. degree from the University of Miami.
“I am delighted to join GEO’s Senior Management Team having served on GEO’s Board of Directors since October 2019 and having been involved in providing outside counsel to GEO for approximately 20 years. I’m looking forward to working closely with Mr. Zoley, our Board, and our management as we execute on the future strategic direction of our company,” Gordo said.
Gordo’s appointment will go into effect on July 1.