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Recent Articles from Virginia Business
Finance | Insurance 2023: RICHARD FAIRBANK
With bachelor’s and MBA degrees from Stanford University under his belt, billionaire Fairbank began his path to a Fortune 500 corner office at Virginia’s Signet Bank. There, he teamed up with Nigel Morris, now managing partner of QED Investors, to co-found a credit card spinoff business that became Capital One Financial, one of the nation’s […]
Finance | Insurance 2023: JAMES SCHENCK
Since becoming CEO in 2014, Schenck has led a period of growth for PenFed, the nation’s second largest federal credit union, with 2.9 million members. During his tenure, PenFed has grown its assets from $17.6 billion to $35.5 billion in 2022 and more than doubled its membership. The credit union reported $1.18 billion in 2022 […]
Arts | Entertainment | Sports 2023: TONY BENNETT
The No. 4-seeded Cavaliers suffered a painful loss to No.13-seed Furman University in the first round of this year’s NCAA men’s basketball tournament, but Bennett — who this season became the winningest coach in the team’s history — took the setback in stride, celebrating the Cavaliers’ 25th appearance at the Big Dance and 11th ACC […]
Media 2023: DAVE LOUGEE
Lougee is no stranger to the world of mergers and acquisitions that have become part of the media business. In May, Tegna terminated its merger agreement with New York hedge fund Standard General when the financial agreements needed to fund the deal expired. In 2015, Gannett Co. spun off its broadcasting and digital business to […]
Retail | Wholesale | Food | Beverage 2023: REID A. BROWN
What began in 1919 as a bottling operation for cherry cola is now a major beverage-distribution business delivering more than 5 million cases of domestic and craft beers, ciders, seltzers and nonalcoholic beverages annually. Reid Brown is among the fourth generation to run Brown Distributing, joining the family business in 2006. His brother, Jason Brown, […]
Retail | Wholesale | Food | Beverage 2023: TING XU
A Shanghai native, Xu graduated from Old Dominion University and settled in Richmond in 1989. She was working as a computer programmer for the state health department in 1993 when she started a small decorative flag venture in her garage, investing $20,000. Established in part to provide work for her parents, who had been engineers […]
Finance | Insurance 2023: FRANK ROTMAN
Rotman started fintech venture capital firm QED Investors with Capital One co-founder Nigel Morris in 2007. With $4.3 billion under management, QED has invested in more than 200 companies, including Credit Karma, Klarna and SoFi Technologies. As a student at the University of Virginia, Rotman worked as a research assistant at NASA’s Jet Propulsion Laboratory, […]
Finance | Insurance 2023: JANET N. TOPE
Many executives at Tope’s level have a long list of employers on their résumés. Tope has just one: Wells Fargo. The Florida State University alumna “stumbled into” the bank in 1988 straight out of college with her business degree in hand and has been there ever since. In 2017, she was promoted to director of […]
Finance | Insurance 2023: HANS VonKRUGER
In college, VonKruger took a part-time job as a teller to help pay for tuition. After working for JPMorgan Chase for more than 20 years, VonKruger joined Bank of America in 2016, becoming consumer banking market leader for southeastern Virginia. He has been the Hampton Roads market executive since 2018, managing about 575 employees and […]
Health Care 2023: SEAN T. CONNAUGHTON
As leader of the nonprofit trade association representing 27 health care systems and hospitals since 2014, Connaughton strives to support the sustainability of Virginia’s health care system, reduce health care costs and improve the health of Virginia residents. A former chairman of the Prince William County Board of Supervisors who also practiced law for 15 […]
