Longtime Corrections Corp. of America director Henri Wedell has told his fellow board members he will retire on Dec. 31. The 70-year-old Wedell is a private investor from Memphis who formerly was a senior sales executive at investment banking firm Robinson Humphrey. He has served as a director and a member of CCA’s audit committee since December 2000.

CCA’s board consists of 14 members, 11 of whom are independent. In a filing with the Securities and Exchange Commission, the company did not say anything about who might succeed Wedell.