Cornell Companies Names John R. Nieser New Treasurer.Business Editors HOUSTON--(BUSINESS WIRE)--April 6, 2004 Today John R. Nieser has been named corporate treasurer for Cornell Companies Inc., announced John L. Hendrix, executive vice president and chief financial officer. As treasurer, Nieser will be responsible for or involved in the Company's financings, acquisition due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , Securities and Exchange Commission filings, treasury management, income tax planning and administration and financial projections. "John has an extensive resume documenting more than 20 years of experience in financial management and has strong analytical and problem-solving skills well suited to the current business environment," Hendrix said. "John's background makes him particularly well suited to help Cornell achieve its principle goal of increasing long-term shareholder value," he added. Nieser, who is from Sugar Land, Texas, served as controller for Sunrise Housing, Ltd. and GE Aero Energy Products, as well as senior vice president, chief financial officer and treasurer of Guardian Savings and Loan Association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. prior to joining Cornell Companies. Nieser began his career as a senior audit manager for Ernst and Young LLP LLP - Lower Layer Protocol after receiving his B.A. degree in Accounting from the University of Houston. A C.P.A., he is a member of the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). and the TSCPA TSCPA Tennessee Society of Certified Public Accountants TSCPA Texas Society of CPAs . Cornell Companies Inc. is a leading private provider of corrections, treatment and educational services outsourced by federal, state and local governmental agencies. Cornell provides a diversified portfolio of services for adults and juveniles, including incarceration Confinement in a jail or prison; imprisonment. Police officers and other law enforcement officers are authorized by federal, state, and local lawmakers to arrest and confine persons suspected of crimes. The judicial system is authorized to confine persons convicted of crimes. and detention, transition from incarceration, drug and alcohol treatment programs, behavioral rehabilitation and treatment, and grades 3-12 alternative education in an environment of dignity and respect, emphasizing community safety and rehabilitation in support of public policy. Cornell (http://www.cornellcompanies.com ) has contracts to operate 70 facilities with a total service capacity of 16,457. Cornell's facilities are located in 15 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . |
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