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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Education 2023: MICHAEL RAO
Virginia 500 August 30, 2023

Education 2023: MICHAEL RAO

In his 14th year at VCU, Rao has had a year of ups and downs. VCU opened its $125 million STEM building in April, and in May it announced an $18 million donation from Washington, D.C.-based real estate analytics company CoStar Group to build an academic building for arts and innovation. However, VCU Health made […]

Federal Contractors | Technology 2023: MEHUL P. SANGHANI
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: MEHUL P. SANGHANI

A Virginia Tech graduate, Sanghani runs one of the fastest growing federal contractors in Virginia’s tech sector. In December 2022, IBM announced it would purchase Octo from Arlington Capital Partners for an undisclosed sum, and Octo is now a part of IBM Consulting’s U.S. public and federal market arm. Born in India, Sanghani was raised […]

Health Care 2023: LT. GEN. TELITA CROSLAND
Virginia 500 August 30, 2023

Health Care 2023: LT. GEN. TELITA CROSLAND

Previously deputy surgeon general for the U.S. Army, Crosland became director of the Defense Health Agency in January, following her confirmation last year by the U.S. Senate. With a staff of nearly 140,000 civilians and military personnel and a budget of more than $54 billion, the decade-old Defense Health Agency is responsible for providing medical […]

Manufacturing 2023: JOHN M. STEITZ
Virginia 500 August 30, 2023

Manufacturing 2023: ASHLEY B. SMITH

Smith, the third generation of his family to lead the precast concrete company, became CEO in 2018 and board chairman in 2022. The Fauquier County business was started by his grandfather, David G. Smith, in 1960 as Smith-Cattleguard, named for its concrete cattleguard innovation. By 1995, Smith-Midland was a publicly traded company. Today, the company […]

Manufacturing 2023: ASHLEY B. SMITH
Virginia 500 August 30, 2023

Manufacturing 2023: JOHN M. STEITZ

A global manufacturer of plastic films and aluminum extrusions, Tredegar is a 1989 spinoff of Richmond fuel additives company Ethyl. Steitz was named president and CEO in 2019 following the retirement of John D. Gottwald, who had served in the role for 30 years. Steitz had served on Tredegar’s board of directors since 2017 while […]

Education 2023: JAVAUNE ADAMS-GASTON
Virginia 500 August 30, 2023

Education 2023: JAVAUNE ADAMS-GASTON

Rising in prominence since Adams-Gaston became its leader in 2019, Norfolk State now ranks regularly in the top 20 historically Black colleges and universities, as ranked by U.S. News & World Report. In 2021, Norfolk State received its largest single-donor gift, $40 million from billionaire philanthropist MacKenzie Scott, ex-wife of Amazon.com founder Jeff Bezos. The […]

The 2023 Heavy Hitters list
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: JENNIFER BOYKIN

After receiving her bachelor’s degree in marine engineering from the U.S. Merchant Marine Academy and a master’s in engineering management from George Washington University, Boykin began her career at Newport News Shipbuilding in 1987 in the nuclear engineering division, moving up the ranks, before becoming president in 2017. She’s the first woman to lead the […]

Retail | Wholesale | Food | Beverage 2023: WILLIAM W. ‘BILL’ LOVETTE
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: WILLIAM W. ‘BILL’ LOVETTE

Lovette was Sauer Brands’ executive chairman and interim CEO in 2019, when Charlotte, North Carolina-based Falfurrias Capital Group purchased Richmond-based family-owned spice company C.F. Sauer. He then made way for Martin Kelly, who became president and CEO of the renamed Sauer Brands later that year. However, as of January, Lovette is back as CEO at […]

Finance | Insurance 2023: VIKRAM ‘VIK’ ATAL
Virginia 500 August 30, 2023

Finance | Insurance 2023: VIKRAM ‘VIK’ ATAL

Atal was appointed PRA’s president and CEO in March, after serving as a board member since 2015. He previously spent 27 years in leadership positions with Citigroup Inc. and was president and founder of Atal Advisers LLC, a business and strategy consulting firm. PRA Group, a global player in acquiring and collecting nonperforming loans, earned […]

Professional Services 2023: GREG WALLIG
Virginia 500 August 30, 2023

Professional Services 2023: GREG WALLIG

In June, Wallig added a new job title: head of public policy for Chicago-based global accounting firm Grant Thornton. He continues to lead Grant Thornton’s Washington, D.C.-Arlington office as well, a position he took in 2018, 13 years after joining the company. As public policy head, Wallig will develop Grant Thornton’s advocacy strategy, lead Capitol […]

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Top Stories

The NASA flag waving along with the American flag in the background. Taken March 5, 2021, in Washington, D.C. Photo by AdobeStock

NASA Langley could lose 672 jobs under Trump’s proposed budget

Trump’s 2026 budget proposal could slash 672 jobs at NASA Langley Research Center in Hampton.

Photo of four-story building

Owens & Minor ends $1.36B deal to buy home-based care business

Owens & Minor canceled its $1.36B acquisition of Rotech, citing regulatory delays.

President Donald Trump talks to workers as he tours U.S. Steel Corporation's Mon Valley Works-Irvin plant, Friday, May 30, 2025, in West Mifflin, Pa. (AP Photo/Julia Demaree Nikhinson)

Trump’s promised steel and aluminum tariffs go into effect

U.S. President Donald Trump hiked nearly all steel and aluminum tariffs to 50% in a move that’s se[...]

Presenting the 2025 Virginia C-Suite Awards

Presenting the 2025 Virginia C-Suite Awards

Virginia Business is proud to present our inaugural Virginia C-Suite Awards, honoring 33 top executi[...]

Freddie Mac headquarters in McLean. Photo courtesy Freddie Mac

41 Virginia companies made the 2025 Fortune 1000

Forty-one companies headquartered in Virginia made the grade in Fortune magazine’s 71st annual For[...]

Newport News Shipbuilding hits milestone with dual Ford-class carrier builds

Newport News Shipbuilding to furlough 471 workers

Newport News Shipbuilding on Friday announced that it will furlough 471 shipbuilders for up to five [...]

People

Danny Deep. Photo courtesy General Dynamics

General Dynamics promotes EVP to global operations

5/6/2025

Rajeev Rai. Photo courtesy Groundworks

Virginia Beach-based Groundworks hires CTO

30/5/2025

BWX Technologies has appointed Gonzalo Cajade as its new chief human resources officer. Photo courtesy BWX Technologies

Lynchburg-based BWXT taps new CHRO

29/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia and the nation

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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