2025 Virginia C-Suite Awards: Large Public Companies

KIMBERLY ENOCHS

MID-ATLANTIC CHIEF OPERATING OFFICER, MARSH McLENNAN AGENCY, ROANOKE

Since 2002, Enochs has been with Marsh McLennan and its predecessor, Rutherfoord Agency, which the insurance provider purchased in 2010. A graduate of Concord and Radford universities who also holds certificates from the Wharton School and Hollins University, Enochs was previously director of human resources at Carilion Clinic and served as adjunct faculty for the Jefferson College of Health Sciences.

At Marsh McLennan, which employs more than 1,100 people in its mid-Atlantic region, Enochs says she’s particularly proud of instituting the MMA Playbook, a process platform that helps streamline projects, and the Mid-Point Colleague Idea Exchange, which encourages dialogue between employees and leaders to contribute to the company’s culture.

Enochs serves on Concord’s board and has volunteered with Big Brothers Big Sisters, Mental Health America’s Roanoke Valley chapter and the United Way of Roanoke Valley, among other organizations. In September 2024, after Hurricane Helene devastated communities in Virginia and North Carolina, Enochs’ office worked closely with clients to support their business needs, as well as donating money and volunteering to help families affected by the storm.

Best advice I’ve received: “Everything is just a conversation.” We get tripped up into believing business is a competition or an opportunity to be right or win, when, in fact, business presents a profound opportunity to find common ground, develop relationships, collaborate and build something great.

WILLIAM ‘BILLY’ FOSTER III

PRESIDENT AND CEO, TOWNEBANK, SUFFOLK

Hampton Roads’ homegrown community bank, TowneBank has grown prodigiously since its 1999 founding, a trend that’s been accelerating in recent years. In April, the bank announced its plans to acquire Hampton’s Old Point Financial for $203 million, just after closing on the $120 million acquisition of Midlothian-based Village Bank and its parent company. The Old Point deal is expected to conclude in the second half of 2025.

Today, TowneBank has 51 offices in Virginia and North Carolina, and more than $17 billion in assets.
An Old Dominion University graduate who has an MBA from William & Mary, Foster joined TowneBank in 2004 as regional president for Norfolk, after previously serving as eastern regional president of Central Fidelity Bank. Foster later served as TowneBank’s president for Virginia Beach, Central Virginia and the Carolinas. In 2023, he became the bank’s president and CEO.

Foster is active on local and regional boards, including Goodwill of Central and Coastal Virginia and the United Way of South Hampton Roads’ Tocqueville Society, which raised $3.2 million in donations last year. He also supports the TowneBank Foundation’s annual golf tournament, which raises millions each year for the foundation’s charitable missions. TowneBank and its foundation have contributed more than $126 million to local communities since 1999.

SHAWN TIBBETTS

CEO AND PRESIDENT, ARMADA HOFFLER, VIRGINIA BEACH

At the start of the year, Tibbetts took the helm as Armada Hoffler’s CEO after having joined the real estate investment trust in 2019 as its chief operating officer and being named president in 2024. Before joining Armada Hoffler, which has more than 6 million square feet in rental properties in its portfolio and an estimated $630.5 million in planned projects, Tibbetts was president and COO for the Port of Virginia.

As Armada Hoffler’s COO, Tibbetts oversaw more than $1.2 billion in transactions and grew the company’s portfolio of net operating income by 56%. A Portsmouth native, he earned degrees from James Madison University and William & Mary’s business school and completed the advanced management program at Harvard Business School. Last year, Tibbetts was instrumental in raising $109 million in equity at Armada Hoffler.

He’s grateful that he’s been able to work in national and international business environments while staying close to his hometown, says Tibbetts, who believes strongly in providing workforce educational opportunities such as internships. He previously served on the board for the Virginia Chamber of Commerce.

How I foster a positive culture: It starts with a leader who actively engages as part of the team. I’ve found that providing a seat at the table fosters significant growth for those willing to put in the effort, ultimately benefiting the company as a whole.