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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Retail | Wholesale | Food | Beverage 2023: JACK WOODFIN
Virginia 500 August 29, 2024

Retail 2024: JACK WOODFIN

For Woodfin, heating and cooling is a family affair: His parents, John and Anne, started Woodfin Heating in 1977 to sell heating oil, growing it into one of the largest privately held HVAC-related businesses in Virginia. A Virginia Military Institute and University of Virginia Darden School of Business alum, Woodfin began working with his parents […]

Finance | Insurance 2023: JOHN C. STANCHINA
Virginia 500 August 29, 2024

Insurance 2024: JOHN C. STANCHINA

Since 2011, Stanchina has led the mid-Atlantic region for Marsh McLennan Agency, which provides business insurance, employee health and benefits, retirement and private client insurance solutions.   The region includes offices in Alabama, Georgia, Maryland, North Carolina, South Carolina, Tennessee and Virginia. Stanchina oversees more than 1,100 colleagues.  Stanchina went to work at Rutherfoor[...]

Virginia 500 August 29, 2024

Law 2024: JASON R. DAVIS

Davis became president and CEO of Hampton Roads-based Kaufman & Canoles in April, succeeding William R. Van Buren III, who led the firm for 16 years and is now chairman. The transition took place after an 18-month strategic planning process at Kaufman & Canoles, which has roots dating back to 1919. Davis, who joined Kaufman […]

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Virginia 500 August 29, 2024

Agriculture 2024: CORWIN HEATWOLE

Sixth-generation chicken farmer Heatwole started his 100% organic and humane-certified chicken company in 2014. Originally named Shenandoah Valley Organic but rebranded as Farmer Focus in 2020, the company lets farmers own their flocks, receive fair compensation and make key decisions. In August 2023, Farmer Focus announced that Stephen J. Shepard, the company’s president and chief […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: JOHN C. ASBURY

In April, Atlantic Union Bankshares, the holding company for Atlantic Union Bank, completed its acquisition of Danville-based American National Bankshares, parent company of American National Bank and Trust — a transaction valued at about $507 million. The combined bank has $24.3 billion in total assets, $19.4 billion in deposits and $17.9 billion in total loans, […]

Leadership: The Virginia Power 50 List
Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: DAVID LEVY

In October 2023, Levy was tapped to lead Amazon Web Service’s worldwide public sector business, overseeing government contracting activities for Amazon.com’s cloud computing subsidiary, as well as business for educational, nonprofit and health care organizations. In 2023, AWS recorded $90 billion in net sales, up from $80 billion in 2022. Last year, AWS announced it […]

The Power 50
Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: PHEBE N. NOVAKOVIC

Novakovic has led General Dynamics, the world’s sixth largest aerospace and defense company, since 2013. During her tenure as CEO, General Dynamics won the Navy’s largest-ever contract, up to $24.2 billion, to build nuclear submarines. The Fortune Global 500 company employs more than 100,000 people and recorded $42.3 billion in revenue for fiscal 2023, a […]

Health Care 2023: ANTHONY ‘TONY’ BAKER
Virginia 500 August 29, 2024

Health Care 2024: ANTHONY ‘TONY’ BAKER

Baker leads Fortune 500 pharma manufacturer Merck’s vaccine operations in Elkton. The company founded a plant in the Rockingham County town in 1941. Early in his career, Baker spent seven years at Pennsylvania-based Biopharm Project Solutions as a senior process specialist. He joined Merck in 2008 as a process engineer and went on to engineering […]

Real Estate 2023: LAURA D. LAFAYETTE
Virginia 500 August 29, 2024

Real Estate 2024: LAURA D. LAFAYETTE

Between her leadership positions with the Richmond Association of Realtors and the Central Virginia Regional Multiple Listing Service, Lafayette serves more than 6,800 Realtors in Central Virginia. This year, she’s become an even more powerful voice in the Richmond real estate community in the wake of a landmark court settlement that’s changing how homeowners buy […]

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Virginia 500 August 29, 2024

Real Estate 2024: JON M. PETERSON

Founded in 1965 by Peterson’s late father, Milt, Peterson Cos. is responsible for some of the most prominent and successful mixed-use retail, residential and office developments in Northern Virginia and Maryland, including Fairfax Corner, Fair Lakes, National Harbor, Burke Centre and Tysons McLean Office Park. Peterson, who became executive committee chairman in 2016 and CEO […]

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Top Stories

On Dec. 7, 2025, the $36 billion Mars-Kellanova acquisition was approved by the EU Commission.

EU approves $36B Mars-Kellanova buy; deal to close this week

McLean-based candy and pet care giant Mars has received the European Union's blessing to acquire Kel[...]

Boeing completes $4.7B Spirit AeroSystems purchase

Boeing completes $4.7B Spirit AeroSystems purchase

Boeing has finalized its $4.7B acquisition of Spirit AeroSystems, bringing 737 Max fuselage producti[...]

Philanthropist Joan Brock, left, and her late husband, Dollar Tree co-founder Macon Brock. Photo Courtesy Old Dominion University

ODU gets $15M gift from Brock to launch nutrition institute

Old Dominion University has received a $15 million gift to establish a nutrition and lifestyle medic[...]

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Virginia lawmakers outline new retail marijuana plans

Lawmakers who in coming months will contribute to shaping the bills that launch Virginia’s long-aw[...]

A Radford native, John Asbury traveled all over the country for his banking career but returned to Virginia in 2016 to lead Atlantic Union Bank. Photo courtesy Atlantic Union Bank

2025 Virginia Business Person of the Year: John Asbury | Atlantic Union Bank

Atlantic Union CEO John Asbury is Virginia Business’ 2025 Business Person of the Year, recognized [...]

The University of Virginia Rotunda. Photo by Jay Paul

U.Va. continues presidential search, despite Spanberger’s call for pause

The University of Virginia's presidential search committee has continued its work in hiring a succes[...]

People

Fritz Sassine. Photo courtesy Virginia General Assembly

Virginia legislature appoints new automated systems director

9/12/2025

Greg Weatherford. Photo courtesy Virginia State Corporation Commission

SCC names new comms director

8/12/2025

Christiansburg-based financial institution Appalachian Community Capital has named Daniel Wallace its next president and CEO. Photo Courtesy Appalachian Community Capital

Appalachian Community Capital announces new CEO

5/12/2025

Regions

The Hard Rock Hotel & Casino Bristol produced $13.18 million in gaming tax revenue for 14 localities. Photo courtesy Hard Rock Hotel & Casino Bristol

Bristol hopes for bigger share of casino tax

The Hard Rock Hotel & Casino Bristol this November marked its first year in its permanent facili[...]

June 2025 for the record

FOR THE RECORD December 2025

Central Virginia  Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have c[...]

Four cards and a stack of chips on a green felt table

Virginia casinos report $82M in October revenue

October gaming revenues for Virginia’s three casinos totaled $82.1 million, according to data the [...]

Virginia Intermont College campus owner modifies plans

Virginia Intermont College campus owner modifies plans

The owner of the former Virginia Intermont College in Bristol plans a new four-year school and mixed[...]


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