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Tegna announces new president and CEO
Michael Steib will succeed Tegna President and CEO David Lougee, who is retiring Aug. 12, Tysons-based broadcasting giant Tegna announced Monday. The 48-year-old Steib will also succeed Lougee as a member of the company’s board of directors. Lougee, age 65, will become a senior adviser. Lougee has been president and CEO and a dire[...]
The elevator pitch
Virginia’s startup scene is rich with new businesses as diverse as the regions of the commonwealth. Virginia Business asked startups to send us their best pitches for what makes their businesses innovative, and we’ve spotlighted some of our favorites. AGRICISION Sedley Co-founders: Diana and Ken Warren Founded: 2019 Capital rais[...]
Top Five June 2024
1 | Google investing $1 billion in Virginia data center campuses Google is expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI opportunity fund. (April 26) 2 | Richmond-based attorneys win U.S. Supreme Court case After nine years and through three U.S. presidents, attorne[...]
FOR THE RECORD June 2024
CENTRAL VIRGINIA Washington, D.C.-based real estate analytics and data company CoStar Group will receive a grant from the City of Richmond worth several million dollars because of the company’s plan to build an office tower expected to generate more than $30 million in new tax revenue. On April 22, Richmond City Council approved an[...]
Google investing $1B in Va. data center campuses
Google is investing $1 billion in expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI Opportunity Fund, one of Google's top executives and Gov. Glenn Youngkin announced Friday at Google’s Reston office. “Today is a great day. We've got a $1 billion investment in the commonwealth that[...]
The Power 50
Power can be measured by metrics such as wealth and how many people you lead, as well as what one does with that power. Is your company undertaking bold growth strategies? Are you the visionary executive leading huge initiatives? Are you bringing massive infrastructure projects to fruition or making seismically impactful philanthropi[...]
Martin Agency has new CEO
Danny Robinson is taking over from Kristen Cavallo as CEO of The Martin Agency, parent Interpublic Group of Cos. announced Tuesday. Robinson has been chief creative officer of the Richmond-based ad agency since 2020. Cavallo has headed Martin for the past six years, and IPG named her global CEO of MullenLowe Group 14 months ago. U[...]
Got news?
If you’ve been missing out on some local news events lately, it’s likely because local news is increasingly underreported. A report from the University of North Carolina found that between 2005 and 2020, the U.S. lost 2,100 — or roughly one-quarter — of its local community newspapers. Four years later, this trend toward “news deserts[...]
Making a federal case
Two business colleagues sharing thoughts over breakfast and a pot of hot coffee — that was the setting for the light bulb moment that led to George Mason University launching the nation’s first academic center focused on government contracting. “The idea for the center actually started in 2013 in a booth at the Silver Diner in Fairf[...]
The next frontier
You come down with coldlike symptoms. Flu season is here, and a new COVID subvariant is circulating. As the illness lingers, you question whether you should see a doctor. Imagine putting your symptoms into a chatbot connected to your doctor’s office or health system that can retrieve your medical records, evaluate your information a[...]
Under new management
Washington Commanders fans did everything but sing “Ding-Dong! The Witch Is Dead” during the team’s Sept. 10 season opening game. It felt like a new day as the NFL team came away with a win against the Arizona Cardinals. FedEx Field was sold out, and the stands were packed with local fans instead of supporters of the opposing team[...]
Them’s the brakes
Total compensation for S&P 500 CEOs nationwide last year marked its smallest year-over-year increase since 2015, with pay increasing 0.9% from 2021. Here in Virginia, CEOs faced even greater headwinds — their total pay increased just 0.3% from 2021 to 2022, down from a 4.9% increase between 2020 and 2021. The slowdown was a resu[...]
StartVirginia: October 2023 Heard Around Virginia
Aravenda, a Fairfax e-commerce software company targeting consignment shops and resellers, landed a spot in the latest women founders cohort of the Google for Startups Accelerator. Aravenda’s software helps consignment and resale shops track inventory and manage payouts to people who sell there. Customers can use the software to buil[...]
The Pharrell factor
Some celebrities seem to forget their roots. Fortunately for Hampton Roads, Pharrell Williams is not that kind of star. The Grammy-winning musician with a worldwide following has invested in the area repeatedly over the past several years and is poised to continue. Even as his career took a new path this year when he was tapped as t[...]
Federal Contractors | Technology 2023: MAX PETERSON
Peterson, who joined AWS in 2012 and started his current role in 2021, has more than 30 years of public sector experience, with stints at Dell and CDW-G. Now he’s guiding the $80.1 billion Amazon.com cloud subsidiary through a variety of high-tech federal projects. So far, AWS landed a spot (along with Google, Microsoft and Oracle)[...]
Federal Contractors | Technology 2023: CANDICE LING
Ling took over leadership of Microsoft’s federal arm in July after Rick Wagner, the sector’s president since 2020, stepped down to pursue new opportunities. Ling previously served as civilian federal sector vice president for Microsoft, a position she held since October 2021, and she also spent 19 years with Canadian consulting fir[...]
Media 2023: MIKE REED
Reed has held USA Today publisher Gannett’s top position since its 2019 merger with GateHouse Media owner New Media Investment Group, where he was CEO. Under his leadership, the company has not only been writing headlines but making them. On June 5, during Gannett’s annual shareholder meeting, hundreds of Gannett journalists walked[...]
Federal Contractors | Technology 2023: JOHN HENEGHAN
A former English teacher who went into tech in the 21st century, Heneghan has led ASGN’s federal consulting subsidiary since 2022. He previously was the company’s chief operating officer, and Heneghan held executive roles at Stanley Associates and CGI Federal. ECS expanded last fall with ASGN’s acquisition of cybersecurity business I[...]
Education 2023: ANNE M. KRESS
As president of Virginia’s largest community college — and one of the largest community colleges in the country — Kress oversees faculty, staff and nearly 70,000 internationally diverse students on six campuses near Washington, D.C., including NOVA’s Medical Education Campus in Springfield. In May, Gov. Glenn Youngkin visited the c[...]
Federal Contractors | Technology 2023: KAREN DAHUT
Last year, Google announced it was standing up a subsidiary focusing on government and educational contracting. In October 2022, Dahut left Booz Allen Hamilton, where she led its $4 billion global defense business, to become CEO of Google Public Sector, based out of Google’s Washington, D.C., and Reston offices. She replaced founding[...]
