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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Retail/Wholesale: POUL WEIHRAUCH
News August 29, 2022

Retail/Wholesale: VINCE SHEEHY IV

A graduate of Dickinson College with an MBA from the Wharton School of the University of Pennsylvania, Sheehy initially resisted joining the family’s auto business. Instead, he spent several years in marketing and sales for Prudential and General Mills. By the late 1980s, Sheehy changed his mind and went to work as a salesman at […]

Retail/Wholesale: POUL WEIHRAUCH
News August 29, 2022

Retail/Wholesale: STEVEN C. ‘STEVE’ SMITH

In April, Food City announced plans to launch a line of Ace Hardware stores called Curt’s Ace Hardware in honor of Smith’s grandfather. The first store is scheduled to open this summer in Bristol, Virginia, according to the Kingsport Times News. The stores will fill a need in several communities where Food City stores are […]

Law: VICTOR CARDWELL
News August 29, 2022

Law: J. BENJAMIN ROTTENBORN

Rottenborn made national headlines this year for representing “Aquaman” actress Amber Heard in the defamation trial brought by her world-famous ex-husband, Johnny Depp. During the widely viewed trial argued in Fairfax County Circuit Court, Rottenborn received intense public backlash from Depp fans. “I suspect that nobody around here or at his firm would have been […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: EUGENE BREDOW

In March, Bredow was appointed president and CEO of NVR, one of the nation’s largest homebuilding and mortgage banking companies, replacing Paul C. Saville, who has transitioned to executive chairman. A graduate of the University of Maryland’s Smith School of Business and a member of its board of advisers, Bredow has worked for NVR since […]

Manufacturing: PABLO DI SI
Virginia 500 August 29, 2022

Manufacturing: BRADFORD ‘BRAD’ BEAUCHAMP

Beauchamp, who joined Carpenter Co. in 2008, was promoted to CEO in late 2020. Founded in 1948, Carpenter makes flexible foam, fiber, air filtration media and other products, employing about 4,200 people — 450 of them in Virginia — at 50+ locations worldwide. In October 2021, Carpenter, one of the world’s largest producers of foam products, […]

Manufacturing: PABLO DI SI
Virginia 500 August 29, 2022

Manufacturing: ROBERT H. ‘ROB’ SPILMAN JR.

Publicly traded furniture manufacturer and retailer Bassett Furniture Industries was founded in 1902 and continues to be headquartered in Henry County’s Bassett area, part of greater Martinsville. The company sells home furnishings in about 100 retail locations in the United States and Puerto Rico. Spilman, who has been with Bassett for 38 years, became CEO […]

Education
News August 29, 2022

Education: MAKOLA M. ABDULLAH

Since becoming Virginia State University’s president in 2016, Abdullah has led the public HBCU to national prominence, as well as a budget surplus after the university was in debt before his tenure. U.S. News & World Report ranked VSU in the top 30 of its Best Overall HBCUs for 2022 and it was also named […]

2022 Virginia 500: Education
News August 29, 2022

Education: MICHAEL RAO

Already one of the highest-paid officials in state higher education, Rao recently received an 8% raise. In June, VCU’s board of visitors approved raising his salary to $708,000, citing his fundraising abilities and stewardship of the university and its medical facilities since the pandemic. Since his 2009 appointment as president, Rao has overseen infrastructure expansion […]

Health Care: DR. SANDY L. CHUNG
News August 29, 2022

Health Care: RONY THOMAS

During its 40 years, nonprofit LifeNet has assisted with 8 million organ, tissue and cell transplants. It employs more than 1,400 people globally, including 991 in Virginia. Known as an organ procurement organization (OPO), LifeNet connects patients with newly available organs — often kidneys, which are needed by about 80% of people on transplant lists […]

Telecommunications: CHRISTOPHER FRENCH
Virginia 500 August 29, 2022

Telecommunications: ERNIE ORTEGA

Ortega has spent his career in the telecom business since the days when a mobile phone couldn’t fit in your pocket. If you saw the movie “Wall Street,” Ortega says, you might recall the Motorola 8000 brick phone — it’s a model he used to sell. Ortega now serves as CEO of GTT Communications, which runs […]

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Top Stories

Trump administration threatens no back pay for federal workers in shutdown

Trump administration threatens no back pay for federal workers in shutdown

The Trump administration says furloughed workers aren’t guaranteed back pay during the shutdown, r[...]

A rendering of Colonna’s Shipyard’s latest investment, a new $70 million drydock currently under construction. Image courtesy Colonna's Shipyard

Colonna’s Shipyard invests $79M to build 4th drydock

Norfolk-based Colonna’s Shipyard announced Friday that it has invested $70 million to acquire its [...]

Health systems forecast pain from Medicaid cuts

Health systems forecast pain from Medicaid cuts

Virginia hospitals face closures as Medicaid cuts hit budgets; Augusta Health closes clinics, warns [...]

Brian Warpup inspects one of his soybean fields in Warren, Ind., Thursday, Sept. 11, 2025. (AP Photo/Michael Conroy)

Trump’s trade battle with China puts soybean farmers in peril

China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously[...]

Trump slaps tariffs on drugs, furniture, trucks

Trump slaps tariffs on drugs, furniture, trucks

Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy tru[...]

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

OMB told agencies to prepare mass layoffs if the government shuts down next week, escalating pressur[...]

People

Dale Wagoner plans to retire as CEO at the end of the year. Photo courtesy LMI

LMI CEO transitions to chairman

6/10/2025

Antonio Perez Jr. has been named General Manager of Rivers Casino Portsmouth. Photo courtesy RIvers Casino Portsmouth

Rivers Casino Portsmouth hires new general manager

2/10/2025

The Flagstop Car Wash location at 11031 Iron Bridge Road in Chester. Photo courtesy Flagstop.

Richmond-area car wash chain promotes CEO, other execs

30/9/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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