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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Manufacturing 2023: ROBERT H. SPILMAN JR.
Virginia 500 August 30, 2023

Manufacturing 2023: ROBERT H. SPILMAN JR.

Spilman, who has been CEO of home furniture manufacturer and seller Bassett Furniture since 2000, said in March that the company has fulfilled a large backlog of orders and subsequent supply chain disruptions created during the pandemic. In the second quarter, consolidated revenue declined by 22% compared with last year, although the reported $100.5 million […]

Nonprofits | Philanthropy 2023: CHARLES D. ‘CHUCK’ HENDERSON
Virginia 500 August 30, 2023

Nonprofits | Philanthropy 2023: CHARLES D. ‘CHUCK’ HENDERSON

Henderson was appointed the American Diabetes Association’s permanent CEO in May 2022, having previously served as interim CEO for six months. He joined ADA in 2020 as chief development officer and previously was president and CEO of Champion Fire & Security, a Texas-based emergency services company. He also worked for MTV Networks in content and […]

Nonprofits | Philanthropy 2023: TIM ROSE
Virginia 500 August 30, 2023

Nonprofits | Philanthropy 2023: TIM ROSE

As CEO of the U.Va. Foundation for the past three decades, Rose oversees most of the real estate endeavors for the state’s flagship public university and its associated organizations. Currently, Rose is working with U.Va. on a large affordable housing project, as well as the construction of a $130.5 million hotel and conference center, set […]

Law 2023: DAVID C. BURTON
Virginia 500 August 30, 2023

Law 2023: DAVID C. BURTON

Burton’s practice centers on corporate, labor, employment and immigration law, while he also manages his firm’s Hampton Roads offices. The itch to enter law began with his family. “My father was a journalist with Richmond Newspapers Inc.,” says Burton, who earned his law degree from the University of Richmond. “He was a reporter [covering] Henrico […]

Economic Development 2023: JONATHAN S. BELCHER
Virginia 500 August 30, 2023

Economic Development 2023: JONATHAN S. BELCHER

In addition to leading the Virginia Coalfield Economic Development Authority, Belcher has also headed up the Virginia Coalfields Expressway Authority since 2020. This year, the Virginia Department of Transportation received $7 million from the federal government, which the expressway authority will use to widen a 2-mile stretch of U.S. Route 460 in Buchanan County into […]

Economic Development 2023: TELLY TUCKER
Virginia 500 August 30, 2023

Economic Development 2023: TELLY TUCKER

A graduate of James Madison University, Tucker previously was director of Arlington Economic Development, and also served five years as director of economic development for Danville, before returning to Southern Virginia in May 2022 to head up IALR, a regional hub for advanced manufacturing training initiatives and economic development. This year, IALR’s Accelerated Training in […]

Retail | Wholesale | Food | Beverage 2023: ELIZABETH ‘LIZA’ MYERS BORCHES
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: ELIZABETH ‘LIZA’ MYERS BORCHES

Founded in 1924 by Borches’ great-grandfather, Carter Myers Automotive is Virginia’s fifth largest car sales group; it garnered $933 million in revenue during fiscal year 2022 and employs more than 1,000 people in Virginia. Since 2012, when Borches became CEO, CMA has grown to 23 dealerships. In September 2022, the company purchased Lynchburg’s Craft Automotive […]

Retail | Wholesale | Food | Beverage 2023: DENNIS ELLMER
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: DENNIS ELLMER

Ellmer launched Priority Auto in 1999 with the acquisition of two dealerships in Chesapeake. By 2023. he grew the business to No. 55 on Automotive News’ list of the top 150 dealer groups in the U.S., based on the 14,447 new vehicles the dealership sold in 2022. In June, auto retail giant Lithia Motors announced […]

Finance | Insurance 2023: MARY McDUFFIE
Virginia 500 August 30, 2023

Finance | Insurance 2023: MARY McDUFFIE

This year marks the 90th birthday of Navy Federal, the world’s largest credit union. As a leader focused on helping others thrive, McDuffie sees this milestone as an occasion to celebrate the credit union’s dedication to its members, writing on LinkedIn, “I’m thankful every day to be part of an organization that puts its people […]

Finance | Insurance 2023: ALBERTO SCHIAVON 
Virginia 500 August 30, 2023

Finance | Insurance 2023: ALBERTO SCHIAVON 

Schiavon, who joined Elephant Auto Insurance in 2017 as its head of marketing and pricing, became CEO just eight months later. The Italian executive (who shares a name with an Italian Olympic snowboarder) earned his MBA from the University of Manchester in England and his undergraduate engineering degree at the University of Padova in Italy. […]

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Top Stories

U.Va. Darden School dean reappointed to third term

U.Va. names next president, defying Spanberger

The University of Virginia's board named Darden School of Business Dean Scott Beardsley as the unive[...]

George Holm will transition to executive chairman of PFG on Jan. 1. Photo courtesy PFG

Performance Food Group announces Jan. 1 CEO transition

Performance Food Group names Scott McPherson CEO effective Jan. 1, 2026, as George Holm transitions [...]

Server room interior in datacenter. Depositphotos

Another massive data center campus proposed in Prince William

LSI 360 has filed an early planning application tied to a massive, proposed data center campus in we[...]

Port of Virginia nears finish of $450M dredging project

Federal employment, trade declined in 2025 in Virginia

Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemploym[...]

Gov. Glenn Youngkin announced LS Cable & System's plans for additional facilities in Chesapeake at the Patrick Henry Building in Richmond on Dec. 12, 2025. Photo by Katherine Schulte/Virginia Business.

LS Cable to add $689M factory in Chesapeake, creating 430 jobs

LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilitie[...]

Retail | Wholesale | Food | Beverage 2025: WEIHRAUCH, POUL

Mars completes $36B Kellanova acquisition

McLean-based candy and pet care giant Mars announced Thursday that it has completed its $36 billion [...]

People

SHRM Linkage has appointed Tracey Walker as its new CEO, effective. Dec. 3. Photo Courtesy SHRM Linkage

SHRM Linkage taps new CEO

19/12/2025

Science Applications International Corp. (SAIC) has tapped Peraton executive Ravi Dankanikote to be chief growth officer. Photo courtesy SAIC

Peraton executive returns to SAIC as chief growth officer

17/12/2025

Theodore “Ted” Tanner Jr. will join Leidos as CTO in January. Photo courtesy Leidos

Leidos names AI chief technology officer

15/12/2025

Regions

The Hard Rock Hotel & Casino Bristol produced $13.18 million in gaming tax revenue for 14 localities. Photo courtesy Hard Rock Hotel & Casino Bristol

Bristol hopes for bigger share of casino tax

The Hard Rock Hotel & Casino Bristol this November marked its first year in its permanent facili[...]

June 2025 for the record

FOR THE RECORD December 2025

Central Virginia  Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have c[...]

Four cards and a stack of chips on a green felt table

Virginia casinos report $82M in October revenue

October gaming revenues for Virginia’s three casinos totaled $82.1 million, according to data the [...]

Virginia Intermont College campus owner modifies plans

Virginia Intermont College campus owner modifies plans

The owner of the former Virginia Intermont College in Bristol plans a new four-year school and mixed[...]


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