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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Virginia 500 August 29, 2024

Professional Services 2024: RUTH ‘PAIGE’ CLAY

In January, Clay became global sales and client engagement leader for Marsh McLennan in addition to being a senior partner for its Mercer subsidiary. In her new role, she develops sales and client engagement strategies for the Fortune 500 professional services firm’s four businesses, which collectively have more than 85,000 employees in about 130 countries; […]

Virginia 500 August 29, 2024

Real Estate 2024: STEPHEN BALLARD

Working from home, Ballard and his sister, Brenda, founded S.B. Ballard Construction by completing small projects for the Norfolk Redevelopment and Housing Authority and minor renovations for their neighbors. Over the course of the past 40 years, Ballard has served as a project manager, superintendent, estimator, carpenter and laborer. As president and CEO of S.B. […]

Virginia 500 August 29, 2024

Real Estate 2024: T. RICHARD LITTON JR.

Litton oversees the day-to-day operations of the commercial real estate and management company, which currently boasts $19 billion in real estate investment properties, with diversified property portfolios including office, retail and multifamily properties. Additionally, he manages Harbor Group International’s transaction group and is involved with capital-raising efforts, and also chairs the f[...]

Virginia 500 August 29, 2024

Real Estate 2024: C. LEE WARFIELD

First joining Thalhimer as an associate broker in 1995, Warfield now leads the real estate firm’s seven offices and 450 associates in Virginia. In 2016, he became Thalhimer’s fourth CEO since its 1913 founding, adding to the role of president, which he has held since 2011. Warfield has been chairman of Thalhimer’s board since 2017. […]

Virginia 500 August 29, 2024

Education 2024: SCOTT FLEMING

After a nationwide search, the State Council of Higher Education for Virginia (SCHEV) found its next leader under its nose — Fleming was serving his first term on SCHEV’s governing board when he was hired. Fleming began his new duties in May, replacing interim director Alan Edwards, who served after longtime SCHEV director Peter Blake stepped […]

Virginia 500 August 29, 2024

Manufacturing 2024: SCOTT KEOGH

Keogh is leading German parent company Volkswagen AG’s new electric truck and sport utility vehicle division. Scout is a revamp of the iconic Scout all-terrain vehicle brand produced by International Harvester in the 1960s and ’70s. In 2021, Volkswagen acquired the rights to Scout’s name after buying Navistar International, which succeeded International Harvester, for $3.7 […]

Virginia 500 August 29, 2024

Manufacturing 2024: G. DAVID OAKLEY JR.

Serving as president of Strongwell, Oakley joined the company in 2011, when its president for nearly 40 years and majority stockholder, John Tickle, transitioned to chairman of the board. Oakley previously served as president of Abingdon’s HAPCO Pole Products for nearly four years, and before that, was its vice president of product management. Strongwell creates […]

Virginia 500 August 29, 2024

Manufacturing 2024: BRIAN D. PALIOTTI

Paliotti was named president of Afton Chemical in January 2023, succeeding Gina Harm, who retired at the end of 2022. The Richmond-based subsidiary of NewMarket produces and sells petroleum additives. Before assuming his role at its subsidiary, Paliotti had been with NewMarket since 2008, most recently as its vice president and chief financial officer. Before, […]

Virginia 500 August 29, 2024

Law 2024: THE HON. MARK STEVEN DAVIS

As chief judge for the Eastern District of Virginia, Davis hears the stories of people’s lives, stories that are often terribly sad. There are armed carjackings and gang violence. Last summer, Davis listened to allegations that police officers had retaliated against a man for accusing a police officer of lying by putting false information on […]

Virginia 500 August 29, 2024

Agriculture 2024: SHANE SMITH

Smith became CEO of Smithfield Foods in 2021, just as Smithfield, the world’s largest pork product manufacturer and hog producer, announced an end to slaughter operations in its hometown of Smithfield, the country’s self-proclaimed  “ham capital.” In 2023, Smith navigated headwinds of low sales and high costs in the U.S. pork market. That year, Smithfield […]

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Top Stories

Eric Scorsone is the executive director of the Weldon Cooper Center for Public Service at the University of Virginia. Photo courtesy U.Va.

Virginia could lose 32,000 jobs in 2025, U.Va. estimates

Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new [...]

FILE - A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)

Microsoft to lay off about 3% of its workforce

Microsoft cuts nearly 6,000 jobs—about 3% of its workforce—in its largest layoff since 2023, imp[...]

US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks

The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and [...]

CoStar Group Inc. plans to add 750,000 more square feet to its holdings in Richmond, adding an estimated 2,000 jobs. Rendering courtesy CoStar Group Inc.

CoStar to purchase Australian property listings platform for $1.9B

Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire[...]

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

New Arlington hub to boost defense, energy startups

Virtus Innovation Center in Arlington will support 30+ startups in defense and energy, connecting th[...]

People

Lynchburg-based BWX Technologies has named Chief Accounting Officer Mike T. Fitzgerald as the interim CFO. Photo courtesy BWX Technologies

BWXT CFO steps down

12/5/2025

Karen Horn Welch. Photo courtesy University of Richmond

University of Richmond office hires CIO for endowment, assets

8/5/2025

Electra.aero announced that Max Ochoa has joined the company as chief financial officer. Photo Courtesy Electra.aero

Electra announces new CFO

6/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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