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Recent Articles from Sydney Lake
E-Trade stockholders approve $13B acquisition by Morgan Stanley
Arlington-based online brokerage E-Trade Financial Corp. announced that on Monday more than 99% of its stockholders approved its $13 billion acquisition by Morgan Stanley, which was first announced in February. E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each of their E-Trade shares as a result of the acquisition. The deal is expected to […]
LMI names president, CEO
Tysons-based government and defense consultancy LMI announced Monday that Doug Wagoner has joined the company as its president and CEO, effective Aug. 3. Wagoner was most recently the sector president at Reston-based Fortune 500 company Science Applications International Corp. (SAIC). He oversaw SAIC’s operations and its 15,000 consultants and engineers. He has also previously worked [&hel[...]
Freddie Mac names VP multifamily investments, portfolio management
Tysons-based Freddie Mac announced Monday that Ling Xu has been promoted as the Fortune 500 company’s vice president of multifamily investments and portfolio management. In her new role, she will oversee market risk and capital strategy, as well as manage multifamily portfolio strategy, hedging and balance sheet management. She is also responsible for expanding the […]
Navy Federal ranked No. 4 U.S. brand for customer experience
Big Four accounting firm KPMG announced Monday it has named the Vienna-based Navy Federal Credit Union No. 4 on its annual list of top 10 U.S. brands for customer experience excellence. The KPMG U.S. Customer Experience Excellence report identifies top-performing brands and industries in terms of customer experience based on a survey of approximately 11,000 […]
U.Va. Foundation names chief financial officer
The University of Virginia Foundation announced Monday that Brad Butler has been promoted to chief financial officer. Established in 1986, the foundation provides real estate, financial and administrative services to U.Va. Butler joined the organization in 1997 and has served as controller for the past 10 years. He replaces Pat McCann, who retired on June […]
Leonardo DRS lands $120M Navy contract
Arlington-based defense contractor Leonardo DRS Inc. announced Monday it has won a $120 million U.S. Navy contract to provide engineering design and test software for aircraft protection systems. The contract was awarded through the U.S. Naval Air Systems Command, and the project will be completed on the AN/AAQ-45 Distributed Aperture Infrared Countermeasure (DAIRCM). The DAIRCM […]
Dollar Tree CEO retires; successor named
Chesapeake-based Fortune 200 discount retail giant Dollar Tree Stores Inc. announced Monday that CEO Gary Philbin has retired, but will remain an executive and member of the company’s board of directors through Sept. 23. Dollar Tree Enterprise President Michael A. Witynski has been promoted to president and CEO. “The board and I are grateful to […]
Ex-CommuniClique CEO sentenced for money laundering, fraud
The founder and former CEO of Reston-based CommuniClique on Wednesday was sentenced to more than 12 years in prison in an Alexandria federal court for money laundering and fraud that caused losses of $25 million to investors, according to the U.S. Attorney’s Office for the Eastern District of Virginia. “Andrew B. Powers stole $25 million […]
Montreal investment firm buys Herndon software company
Montreal-based software company investor Valsoft Corp. announced Thursday it will acquire Herndon-based AllTrust Networks, which provides check cashing software. A transaction amount was not disclosed. “We are proud of what we’ve accomplished and want to continue in that direction within Valsoft,” AllTrust CEO Karl Lewis said in a statement. “We have invested significantly in the[...]
15 women accuse former Redskins employees of sexual harassment, abuse
On Thursday evening, The Washington Post detailed the experiences of 15 former female Washington Redskins employees who said they were sexually harassed and verbally abused during their time with the Ashburn-based team. And on Thursday afternoon, the Associated Press first reported that Redskins owner Dan Snyder had hired a Washington, D.C.-based law firm to review […]
