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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Pohanka_Geoffrey_750x750
News August 29, 2022

Retail/Wholesale: GEOFFREY POHANKA

Pohanka is a third-generation auto dealer and head of Pohanka Automotive Group, which has 18 locations in Virginia, Maryland and Texas. The second largest Virginia-based auto dealership, it ranked 34th in Automotive News’ 2021 list of the nation’s top 150 dealership groups, with 24,142 new vehicles sold and $1.64 billion in revenue last year. Pohanka’s […]

Clarke_George
Virginia 500 August 29, 2022

Real Estate: GEORGE B. CLARKE IV

Clarke founded MEB in 1982, the same year he graduated from Virginia Tech with a bachelor’s degree in civil engineering. MEB started as a small federal government contractor with a handful of employees, serving military installations across the Hampton Roads area. It now has about 250 employees and posted revenue of $179 million for fiscal […]

Schall_Benjamin
Virginia 500 August 29, 2022

Real Estate: BENJAMIN W. SCHALL

With 3,000 employees, 600 of them in Virginia, AvalonBay Communities, a publicly traded real estate investment trust, recorded $2.3 billion in revenue for fiscal year 2021. Prior to becoming AvalonBay’s president in January 2021 and CEO this year, Schall served as CEO of Seritage Growth Properties and as chief operating officer of Rouse Properties Inc. At Rouse, he […]

Warfield_Lee
Virginia 500 August 29, 2022

Real Estate: LEE WARFIELD

Warfield, Thalhimer’s fourth CEO since the firm’s founding in 1913, has come a long way from his first job as a property manager. He joined the commercial real estate firm as an associate broker in 1995, representing national retailers such as Regal Entertainment, Walmart and Kroger before being promoted to president in 2011. He was appointed […]

Frank Castellanos
Virginia 500 August 29, 2022

Finance/Insurance: FRANCISCO ‘FRANK’ CASTELLANOS

In September 2021, Castellanos became president of Bank of America Hampton Roads following the retirement of Charlie Henderson, who filled that position for 15 years. A native of Cuba, Castellanos is also Merrill Lynch Wealth Management’s top Virginia executive, and he previously worked in Bank of America’s policy office, where he focused on cyber and […]

Virginia 500 August 29, 2022

2022 Virginia 500: Telecommunications

VINCE APRUZZESE JR. PRESIDENT, AT&T VIRGINIA, RICHMOND     MATTHEW J. DESCH CEO, IRIDIUM COMMUNICATIONS INC., McLEAN     CHRISTOPHER FRENCH PRESIDENT AND CEO, SHENANDOAH TELECOMMUNICATIONS CO. (SHENTEL), EDINBURG     MAGGIE HALLBACH SENIOR VICE PRESIDENT, VERIZON PUBLIC SECTOR, ASHBURN     J.D. MYERS II SENIOR VICE PRESIDENT/REGION MANAGER OF VIRGINIA OP[...]

News August 29, 2022

Living Legends Past Honorees

DeVito_Michael
News August 29, 2022

Finance/Insurance: MICHAEL DeVITO

DeVito came aboard as head of Freddie Mac, the Federal Home Loan Mortgage Corp., a year ago, replacing CEO David Brickman, who left to run a newly formed commercial agency lending platform. A government-sponsored enterprise, Freddie Mac buys bundles of mortgages from banks and other lenders, freeing up cash so that those lenders can make […]

PeteSnyderLINKEDIN_500Web
News August 29, 2022

Finance/Insurance: PETE SNYDER

Snyder lost his bid to be the Republican candidate for governor in 2021, but it didn’t sour him on state politics. Snyder campaigned for Glenn Youngkin last year (he won) and in March, he endorsed state Sen. Bryce Reeves for the Republican primary for Virginia’s 7th Congressional District seat (he lost). While running for office, […]

OShaughnessy_Timothy
News August 29, 2022

Media: TIMOTHY O’SHAUGHNESSY

Under O’Shaughnessy’s leadership, Graham Holdings has made the Fortune 1000 list for the last three years. O’Shaughnessy replaced his father-in-law, Donald Graham, as the company’s president and CEO in 2015. O’Shaughnessy was at the company for a year before taking the top spot, working to seek “a new direction” for Graham Holdings after it sold […]

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Top Stories

Newport News Shipbuilding marked its 140th anniversary this year. A division of Huntington Ingalls Industries, the shipyard is Virginia’s largest industrial employer. Photo courtesy Huntington Ingalls Industries

Milestones: Virginia companies going the distance

While the first few years in business are notoriously challenging for entrepreneurs, even milestones[...]

Rhyu. Photo courtesy Stride

CEO of ed tech provider Stride out after 5+ years

Stride CEO James Rhyu is out after more than five years leading the Reston-based education technolog[...]

McInerney_Tom-HighRes-1

Genworth CEO takes leave of absence

Genworth Financial President and CEO Thomas McInerney has taken a leave of absence; CFO Jerome Upton[...]

Server room interior in datacenter. Depositphotos

Loudoun supervisors mull data center moratorium

Loudoun County Board of Supervisors voted 6-1 to direct staff to prepare an item placing a moratoriu[...]

Depositphotos_888565840_XL

Virginia joins 12 states alleging Nexstar, Tegna violating hold separate order

Virginia Attorney General Jay Jones alleges Nexstar and Tegna violate a court order halting their me[...]

Depositphotos_323174070_S

Chesapeake approves 8-month pause on data center applications

Chesapeake City Council voted to pause consideration of data center applications for up to eight mon[...]

People

Monica Baskin. Photo courtesy Virginia Commonwealth University

VCU names director for Massey Comprehensive Cancer Center

28/7/2026

Hernandez-Brown-header

Guidehouse appoints new CFO and chief transformation officer

24/7/2026

Peraton’-new-CFO-Salim-Omar

Peraton promotes acting CFO to permanent role

16/7/2026

Regions

Then-Gov. Glenn Youngkin joined Merck & Co. at the October 2025 groundbreaking for Merck’s $3 billion expansion in Elkton. Photo by Kaitlyn DeHardie, Office of Gov. Glenn Youngkin

Big deals: Pharma, manufacturing make splash in Virginia

Anticipated to create at least 100 jobs apiece, these economic development announcements were some o[...]

David Perry, executive director of the Blue Ridge Land Conservancy, stands in front of a section of Evans Spring. Photo by Natalee Waters

Roanoke’s largest undeveloped tract remains in limbo

The fate of Roanoke’s 150-acre Evans Spring site remains uncertain as city council allows conserva[...]

James Madison University President James C. Schmidt’s strategic plan for the university, the Madison Promise, aims to generate a $2 billion economic impact on the commonwealth during the next 14 years. Photo courtesy James Madison University

JMU eyes $2 billion economic impact by 2040

James Madison University plans to generate a $2 billion economic impact in Virginia by 2040 through [...]

AeroFarms opened its Ringgold facility in 2022. Photo by Hannah King

After near shutdown, AeroFarms has new owners

AeroFarms in Danville has new owners and a new CEO after nearly shutting down, signaling renewed hop[...]


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