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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Gayner-Thomas_500Web
News August 29, 2022

Finance/Insurance: THOMAS S. GAYNER

Come April 2023, Gayner will no longer be flying with a co-pilot. His fellow co-CEO, Richard R. “Richie” Whitt III, plans to retire by the end of next March, after working for the company since 1991. Since 2016, Gayner and Whitt have led Markel Corp., the Fortune 500 financial holding company that has about 20,300 […]

Nash_Bill
News August 29, 2022

Retail/Wholesale: WILLIAM D. ‘BILL’ NASH

For the fiscal year that ended in February, CarMax, the largest retailer of used autos nationally, had net earnings of $1.2 billion. The fourth quarter, however, did present some challenges, with total used vehicle unit sales in the retail business declining 5.2%.    “We believe several macro factors weighed on marketwide used car sales, including […]

Tata_Robert_450x450
News August 29, 2022

Law: ROBERT M. ‘BOB’ TATA

A Hampton Roads native, Tata specializes in intellectual property litigation, including trade secrets, copyrights and patents, and 20 years ago, he won the state’s then-largest copyright award — $116 million — awarded by a jury over a home fire-escape ladder invented by a local businessman. He also has spent a great deal of time defending […]

Franklin_Taylor
Virginia 500 August 29, 2022

Real Estate: W. TAYLOR FRANKLIN

Franklin started The Franklin Johnston Group, a development, investment and management firm, with his father and two other former S.L. Nusbaum employees in 2013. Today they have 497 employees in Virginia and 76 workers in six other states. In recent news, the company offered $7 million to buy the Laskin Road Annex building in Virginia […]

Haddad_Louis
Virginia 500 August 29, 2022

Real Estate: LOUIS S. ‘LOU’ HADDAD

Haddad was recruited to Armada Hoffler in 1985 as an on-site construction superintendent. He rose through the ranks and became president of Armada Hoffler Construction Co. in 1987. He was promoted to president of parent company Armada Hoffler Holding Co. in 1996. Three years later, he became CEO. In 2013, Haddad led Armada Hoffler’s initial […]

Lawson_John
Virginia 500 August 29, 2022

Real Estate: JOHN R. LAWSON II

A Newport News native, Lawson has been with construction firm W.M. Jordan for more than 45 years. Lawson’s late father co-founded the company, which reaped more than $649 million in revenue for 2020. He started there in 1975 as a field engineer after graduating from Virginia Tech and took over as president and CEO in […]

Leon_Miles
Virginia 500 August 29, 2022

Real Estate: MILES LEON

A University of Georgia and University of Miami graduate, Leon co-founded First Commercial Real Estate Services, which was purchased in the early 1990s by S.L. Nusbaum — a realty company founded in 1906. When the late Alan B. Nusbaum, great-grandson of the founder, became the company’s chairman in 1991, Leon was named president. He continues in […]

News August 29, 2022

Virginia 500 2022 SPOTLIGHT

Grden-Nancy
Virginia 500 August 29, 2022

Economic Development: NANCY L. GRDEN

In June, Grden became the leader of this regional economic development organization, stepping into the shoes of Jim Spore, who retired after six years. Grden’s name is familiar to Hampton Roads residents, as she was previously executive director of the Hampton Roads Maritime Collaborative for Growth & Innovation, as well as associate vice president of […]

Screen Shot 2022-08-19 at 4.07.29 PM
News August 29, 2022

Living Legends: THOMAS R. FRANTZ

Former Williams Mullen President and CEO Frantz’s legal acumen has earned consistent accolades from peers. He is among a small group of attorneys who have made Virginia Business’ Legal Elite list for 22 consecutive years. Frantz is a triple graduate of William & Mary, from which he received his law degree, as well as a […]

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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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