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Recent Articles from Kate Andrews
$681M subsea cable plant coming to Chesapeake
A U.S. subsidiary of a South Korean cable manufacturer plans to build a $681 million subsea cable manufacturing plant in Chesapeake, the company announced Tuesday. The project is expected to create 338 jobs. LS GreenLink USA’s Chesapeake subsea cable factory will be built at the Deep Water Terminal Site in Chesapeake, a 96-acre property located […]
Simmons Equipment announces $8.5M expansion into Russell County
Simmons Equipment, a specialty mining equipment manufacturer based in Tazewell County, plans to expand into neighboring Russell County, Gov. Glenn Youngkin announced Monday. The company expects to invest $8.5 million into converting two buildings in Lebanon, an investment set to create 75 jobs, the governor’s office said. Founded in Tazewell in 2005, Simmons produces soft […]
Jefferson Lab names next director
The Thomas Jefferson National Accelerator Facility has named a new director, Kim Sawyer, who will replace Stuart Henderson, the lab’s director since 2017. Sawyer will start her new post at the Newport News facility Aug. 2, according to a Jefferson Science Associates news release Monday. Having previously served as deputy laboratory director and chief operating […]
Briggman leaving post as CEO of Activation Capital
Chandra Briggman is leaving her position as president and CEO of Activation Capital, the Richmond tech incubator announced Monday. Her last day is Friday. Briggman joined Activation Capital, an accelerator arm of the Virginia Biotechnology Research Partnership Authority, in May 2020; the organization includes a biotech park, startup development and cluster accelerator for pharmaceutical research [[...]
Navy Region Mid-Atlantic changes command
After serving as commander of the Navy Region Mid-Atlantic for a little over a year, Navy Rear Adm. Wesley “Wes” McCall finished his duties Wednesday and has been succeeded by Rear Adm. Carl A. Lahti. As of Wednesday, Lahti now oversees 13 installations from Illinois to North Carolina and is stationed at the world’s largest […]
Mars acquires two veterinary diagnostics businesses
Mars has completed its acquisition of two veterinary diagnostics businesses based in France, the McLean-headquartered candy and pet care corporation announced Tuesday. Mars purchased Cerba HealthCare‘s ownership stake in Cerba Vet, a network of six veterinary diagnostics laboratories in France, and Antagene, which provides DNA testing for dogs, cats, horses and wildlife, as well as […[...]
Boeing to purchase Spirit AeroSystems in $4.7B+ deal
Beleaguered aerospace and defense giant Boeing announced Monday it has entered an agreement to reacquire Boeing spinoff company Spirit Aerosystems in a $4.7 billion, all-stock transaction. The Fortune 500 company headquartered in Arlington County will also assume Spirit’s net debt, so the deal’s total value is approximately $8.3 billion, Boeing said in its announcement. Spirit [&hellip[...]
Youngkin peppers university boards with GOP power players
With Gov. Glenn Youngkin’s appointees slated to hold majorities on the state’s university boards beginning July 1, the governor announced dozens of last-minute university board appointments Friday afternoon, shortly before the members’ four-year terms take effect Monday. Although many of the new appointees are the usual mix of Virginia business leaders and former state legislato[...]
2024 Virginia Women in Leadership Awards: Leading Ladies
For the fourth annual Women in Leadership Awards, Virginia Business hosted a photo shoot at the Virginia Museum of Fine Arts, where eight of this year’s winners struck poses for Richmond photographer James Lee. Given the surroundings, Lee took inspiration from the museum’s collection and other artwork in staging the photos. The results display a […]
Mitre names new president and CEO
Mark Peters, an executive vice president at Battelle Memorial Institute in Charlottesville, has been named the next president and CEO of Mitre, succeeding Jason Providakes effective Sept. 3. Founded in 1958 with a focus on national security and operating from dual headquarters in McLean as well as Bedford, Massachusetts, Mitre is a not-for-profit research and […]
