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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: WILLIAM J. ‘BILL’ LYNN III

Following the completion of an all-stock merger with Israel-based radar company Rada Electronic Industries in November 2022, defense contractor Leonardo DRS went public, with Lynn ringing the closing bell at the Nasdaq. Leonardo DRS’ parent company, Italian defense contractor Leonardo SpA, retains 80.5% ownership of the $3 billion Arlington-based defense company. In 2023, Leonardo DRS […]

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Virginia 500 August 29, 2024

Health Care 2024: SEAN T. CONNAUGHTON

Since 2014, Connaughton has led this trade association that represents 26 health systems. The VHHA advocates for health care policies that support the sustainability of Virginia’s health care system, reduce health care costs and improves the health of Virginians. The organization also tracked COVID-related hospitalizations at the height of the pandemic. Previously a commissioned officer [&hellip[...]

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Virginia 500 August 29, 2024

Professional Services 2024: PATRICK RYAN

In June, Ryan was named managing partner of the D.C. metro office and federal sector leader for KPMG. He oversees 3,000 employees in the region and is responsible for leading market strategy, client care and growing KPMG’s brand and relationships. As federal sector leader, Ryan oversees the Big Four accounting firm’s federal audit and advisory […]

Real Estate 2023: KYLE SCHOPPMANN
Virginia 500 August 29, 2024

Real Estate 2024: KYLE M. SCHOPPMANN

With more than 20 years of experience in commercial real estate sales strategy, training and professional development, Schoppmann leads six offices in Virginia, Maryland and Washington, D.C., with more than 130,000 employees. Schoppmann joined CBRE in 2007 as managing director of brokerage services in New York City, and in 2020, she was promoted to the […]

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Virginia 500 August 29, 2024

Education 2024: GREGORY WASHINGTON

In 2020, Washington became the first Black president of Virginia’s largest and most diverse public university. He was previously dean of the University of California, Irvine’s Samueli School of Engineering and Applied Science. A first-generation college graduate, Washington holds bachelor’s, master’s and doctoral degrees in mechanical engineering from North Carolina State University. Under[...]

Manufacturing 2023: JEREMY HOFF
Virginia 500 August 29, 2024

Manufacturing 2024: JEREMY R. HOFF

Hoff joined Hooker Furniture in 2017. He served consecutive terms as president of the upholstery, case goods and legacy brands divisions before being named its first nonfamily CEO in 2021, the same year the company rebranded as Hooker Furnishings. Celebrating its century mark this year, Hooker Furnishings has upholstery manufacturing facilities throughout Virginia and North […]

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Virginia 500 August 29, 2024

Arts | Entertainment | Sports 2024: BEN ROTHROCK

Rothrock is now the highest-ranking Virginia-based boss of the Richmond Flying Squirrels Double-A baseball team, although he shares duties with Brendon Porter, the team’s president, who spends part of his time in Alabama. The 2024 season is Rothrock’s seventh as the Squirrels’ general manager, but most of the drama has happened outside of the stadium […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: FRANCISCO ‘FRANK’ CASTELLANOS

A native of Cuba who grew up in Texas, Castellanos has led the Greater Washington, D.C., market for Merrill, the wealth management division of Bank of America, since the end of 2022. Before that, Castellanos was Merrill’s Greater Virginia Market Executive and served as Hampton Roads market president for Bank of America. He also previously […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: MICHAEL T. HUTCHINS

In mid-March, Hutchins became interim CEO and a board member of the government-sponsored home mortgage company, replacing Michael J. DeVito, who stepped down after three years. Hutchins will fill the position until the company appoints a permanent leader or until Sept. 30.  Hutchins, who boasts three decades in the financial services industry, was named president […]

Finance | Insurance 2023: CHRISTOPHER M. ‘CHRIS’ SHOCKLEY
Virginia 500 August 29, 2024

Banking | Finance 2024: CHRISTOPHER M. ‘CHRIS’ SHOCKLEY

Following a vote by Roanoke-based Member One Federal Credit Union’s customers, Virginia Credit Union’s merger with Member One was finalized Aug. 1. The combined credit union is expected to be the state’s third largest, with combined assets of $7 billion and about 500,000 members. Shockley will remain president and CEO of the combined credit union, […]

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Top Stories

Gov. Abigail Spanberger touts the state's support for Jefferson Lab during a June 12 groundbreaking event for the Jefferson Lab Data Center. Photo by Josh Janney

Spanberger backs House budget, but data center tax fight divides Democrats

Gov. Abigail Spanberger said she supports the Virginia House of Delegates proposal of an "expansive"[...]

John G. Rocovich Jr. talks with cadets during the Distinguished Alumni of the Corps award ceremony in 2025. Photo courtesy Virginia Tech

Rocovich sues Spanberger, seeks reinstatement on Virginia Tech board

Less than two weeks after being removed from the Virginia Tech's Board of Visitors, John Rocovich su[...]

Private schools’ graduation numbers remain stable

Trey Falwell sues Liberty for $1.75M

Jerry “Trey” Falwell III is suing Liberty University for $1.75 million, alleging the school brea[...]

Patients’ favorites

13 rural hospitals in Virginia at risk of closure, new report finds

Thirteen of Virginia's 36 rural hospitals are at risk of closure in a new report from the Virginia J[...]

Marijuana plants are seen inside the Glass House Farms flowering greenhouse in Camarillo, California, on April 13, 2022. Photo by Reuters/Shannon Stapleton

Virginia medical marijuana market consolidates

Virginia’s medical marijuana market consolidates as Arboretum Virginia is now assigned two of Virg[...]

Brad Hall. Photo courtesy Virginia Chamber of Commerce

Virginia Chamber of Commerce taps new leader

The Virginia Chamber of Commerce appointed former Appalachian Power executive Brad Hall as president[...]

People

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

12/6/2026

Government Contractors | Technology 2025: GRAY, DeETTE

CACI International U.S. operations president to retire

9/6/2026

Hampden-Sydney College President Larry Stimpert. Photo courtesy Hampden-Sydney College

Hampden-Sydney president to retire next year

8/6/2026

Regions

More than $1 million in renovations are planned at The Inn at Wise. Photo courtesy The Inn at Wise

Inn at Wise gets new lease-purchase on life

MK4 Hotel owner Mike Patel signs a $3 million lease-purchase for the Inn at Wise, planning over $1 m[...]

L to R: Mark Heath, president and CEO of Martinsville-Henry County Economic Development Corp., and Henry County Administrator Dale Wagoner show off the Patriot Centre Industrial Park’s new shell building. Photo by Natalee Waters

Henry County partners with developer on shell building

Henry County partners with Marlboro Development Team to build a $10 million industrial shell buildin[...]

Portsmouth Economic Development Director Brian Donahue stands at the Crawford Bay site the city hopes to redevelop. Photo by Kristen Zeis

Portsmouth advances waterfront redevelopment plans

Portsmouth moves forward with selecting a developer for a mixed-use project on the 6-acre Crawford B[...]

Washington Dulles International Airport expects a record-breaking 30 million passengers in 2026. Photo courtesy Metropolitan Washington Airports Authority

Dulles ramps up airport expansion work

Washington Dulles International Airport plans to exceed 30 million passengers with the opening of Co[...]


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