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Recent Articles from Robyn Sidersky
Va. CEOs expect increased sales despite shortages
About 70% of CEOs expect sales to increase in the next six months, despite supply chain and labor shortages, according to the first quarter CEO Economic Outlook survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (VACEOs). Ninety percent of CEOs reported a labor shortage impacting their […]
American Diabetes Association appoints new CEO
The American Diabetes Association has appointed Charles D. “Chuck” Henderson as its new CEO, the Arlington-based nonprofit announced Thursday. Henderson served as the association’s interim CEO for the previous six months. Furst Group, an Illinois-based health care executive search firm, selected him for the permanent position. He succeeds Tracey D. Brown, who left in October […]
UVA Health, Focused Ultrasound launch $8M center
University of Virginia Health and Charlottesville-based Focused Ultrasound Foundation invested $8 million into launching the Focused Ultrasound Cancer Immunotherapy Center, the health system announced Wednesday. “We are excited to announce this powerful multidisciplinary and interdepartmental collaboration effort with the Focused Ultrasound Foundation and the commonwealth of Virginia to expand t[...]
Avantus Federal acquires N.C. tech firm
Avantus Federal has acquired North Carolina-based tech contractor Far Ridgeline Engagements (FRLE), the McLean-based IT defense contractor announced last week. Financial details of the transaction were not disclosed. “For almost 15 years, Far Ridgeline Engagements has earned eminence by maintaining a strong focus on providing solutions to our nation’s special operations and intelligence missio[...]
Metro announces next general manager, CEO
Washington Metropolitan Area Transit Authority’s new general manager and CEO is Randy Clarke, the current president and CEO of Austin, Texas’ Capital Metro. The board of the authority, which runs Metrorail and Metrobus, announced Tuesday that Clarke will assume the position in late summer. Metro’s current general manager and CEO, Paul J. Wiedefeld, announced in […]
Golden Nugget pulls out of Va. after DraftKings acquisition
DraftKings Inc. closed its acquisition of Golden Nugget Online Gaming Inc., the Boston-based company announced last week, and Golden Nugget will therefore no longer operate in Virginia. Golden Nugget Online Sportsbook in Virginia said it stopped accepting registrations, wagers and deposits in early May and would no longer offer promotions. For 60 days after the […]
Globalinx to add new subsea cable landing site in Va. Beach
Virginia Beach will have four more subsea bore pipes in Sandbridge by the third quarter of 2023, infrastructure that will allow more high-speed subsea cables connecting Virginia to Europe, Asia, the Caribbean and the Americas, the city announced Friday. Virginia Beach-based Globalinx Subsea Colocation provides colocation space for MAREA, BRUSA and DUNANT high-speed subsea telecommunication [&helli[...]
Lynchburg-based BWXT elects new chair
Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. announced May 3 that Jan A. Bertsch assumed the role of chair of the board of directors. Bertsch succeeded retiring chairman John A. Fees. “We are extremely fortunate to have someone of Jan’s caliber assume this important leadership position for our company,” BWXT President and CEO […]
Lambert’s Point Docks in Norfolk to become $100M maritime center
In a deal predicted to bring more than 500 jobs and over $100 million in capital investment, the Lambert’s Point Docks property in Norfolk will become a maritime operations and logistics center to support local offshore wind, defense and transportation industries. The land, owned by Norfolk Southern Railway Co., has been leased by Virginia Beach-based […]
Va. Credit Union League announces new directors
The Virginia Credit Union League announced on Friday its newly elected directors. The following credit union executives are starting first terms on the league’s board: Kim Little, Virginia Beach-based Chartway Credit Union Bruce Six, Dahlgren-based Topside Federal Credit Union Mike Warrell, Martinsville-based ValleyStar Credit Union Andrew Reynolds, Roanoke-based Blue Eagle Credit Union Exce[...]
Davenport Energy promotes Harold Thornton to president
Chatham-based Davenport Energy Inc. has promoted Harold E. “Hal” Thornton Jr. to president, the company announced Tuesday. Thornton has been with Davenport, a provider of gas, diesel fuel propane and petroleum products, for 27 years. He was initially hired as human resources director in 1995, rising through the ranks to supervisory and management positions. Most […]
Smithfield Foods donates $2M to Ukraine relief efforts
Virginia-based Smithfield Foods Inc. announced a $2 million donation to relief efforts in Ukraine Monday. The nation’s largest pork processor and hog producer donated $250,000 each to the Global Red Cross Network, Mercy Chefs, Save the Children and World Central Kitchen. “Like the rest of the world, we are humbled and moved by the resilience […]
CowanGates opens Williamsburg office
Richmond-based law firm CowanGates has expanded to Williamsburg and opened a new office, the firm announced March 17. The new office is located at 439 W. Duke of Gloucester St., and will initially focus on real estate law, including contract and closing negotiations, construction and permanent financing, easement agreements, covenants and other real estate matters. […]
LewisGale Medical Center names new COO
Salem-based LewisGale Medical Center has named Willie Payton Jr. its new chief operating officer, the hospital announced March 17. Payton comes to the 506-bed acute-care medical and surgical facility from Johnston-Willis Hospital in Richmond, where he was vice president of operations. “We are excited to welcome Willie to our executive team and leverage his experience […]
Capital Square promotes James Brunger to CSO
Henrico-based real estate firm Capital Square has promoted James Brunger to chief sales officer, the firm announced March 17. Brunger joined the firm in 2019 as executive vice president and national sales manager. Under his leadership, Capital Square launched 49 investment programs that have raised more than $1.2 billion in equity. “James Brunger brings an […]
Rising interest rates not enough to deter homebuyers
Even the Federal Reserve hiking interest rates likely won’t be enough to cool down the hot real estate market in Virginia, experts say. In an attempt to slow the highest inflation rates in 40 years, Fed officials voted on March 16 to raise the benchmark federal funds rate by a quarter percentage point to a […]
Jason El Koubi named VEDP’s permanent president, CEO
Jason El Koubi will stay on as the permanent president and CEO of the Virginia Economic Development Partnership, the state economic development authority announced Friday. El Koubi was named interim president and CEO at the beginning of the year after Stephen Moret left the organization to become president and CEO of Indianapolis-based Strada Education Network. […]
Salem names new economic development director
Salem’s new economic development director, Tommy Miller, says he has “the entrepreneurial gene,” a trait that should come in handy with his new role. Miller established Richmond Brewery Tours, a venture he ran from 2012 through 2020 to highlight the burgeoning craft beer industry. “Any entrepreneurial venture should be both calculated and gut driven,” he […]
Action sports festival coming to Va. Beach
One of Canada’s largest action sporting events, the Jackalope Festival, will make its U.S. debut in Virginia Beach in June 2023, Mayor Bobby Dyer announced Wednesday at the annual State of the City address. “Get ready for Jackalope!” Dyer shouted enthusiastically before a crowd of about 1,000 people gathered at the Virginia Beach Convention Center. […]
BIO-CAT plans $35M expansion in Troy
BIO-CAT Microbials LLC, part of BIO-CAT Inc., will invest $35 million in a fermentation facility in Troy, southeast of Charlottesville, creating 20 jobs, the company announced March 3. The biotech company is a producer and wholesaler of enzymes, probiotics and microbials. Founded in 1988, BIO-CAT Microbials will expand its facility to include fermentation capabilities. That […]
