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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Real Estate 2023: DONALD E. STONE JR.
Virginia 500 August 29, 2024

Real Estate 2024: DONALD E. STONE JR.

Bringing more than 25 years of engineering and architecture industry experience, including 10 years of corporate operational leadership, Stone joined Dewberry in 2008 as the company’s chief operating officer. In 2010, he became CEO. Stone came to Dewberry from O’Brien & Gere, where he held several corporate leadership positions. Dewberry has more than 2,500 employees […]

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Virginia 500 August 29, 2024

Education 2024: MICHAEL RAO

It’s been a bumpy year for Rao and VCU, first with an ongoing dispute over VCU Health paying $73 million to exit a redevelopment project, followed in the spring by demands from some students for Rao’s removal following a violent clash between VCU police and pro-Palestinian protesters. Former Gov. Doug Wilder called for Rao, who […]

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Virginia 500 August 29, 2024

Transportation 2024: JERROLD ‘JERRY’ MILLER

Founder of The Miller Group, the developer for Fairwinds Landing, Miller is guiding the development of the 111-acre project at Norfolk Southern’s Lambert’s Point Docks in Norfolk. The $500 million development will transform the former docks into a marine logistics center supporting the growth of offshore wind, shipbuilding and intermodal transportation.  The 31,167-square-foot operations and [...]

Manufacturing 2023: WILLIAM ‘BILLY’ GIFFORD JR.
Virginia 500 August 29, 2024

Manufacturing 2024: WILLIAM F. ‘BILLY’ GIFFORD JR.

Joining the company at its subsidiary Philip Morris USA in 1994, Gifford became CEO of Fortune 500 tobacco products manufacturer Altria Group in 2020. He has held various executive posts at Altria for nearly three decades. Among Altria’s operating companies, in addition to Philip Morris USA, are U.S. Smokeless Tobacco, John Middleton, Helix Innovations and […]

Finance | Insurance 2023: CECILIA A. HODGES
Virginia 500 August 29, 2024

Banking | Finance 2024: CECILIA A. HODGES

Hodges has worked in the banking industry for more than 37 years.  Leading the greater Washington, D.C., and Virginia regions since 2018, Hodges manages teams in more than 60 branches, and she’s also well known for her community service, including for the Washington, D.C.-area Easterseals chapter and Women Giving Back, which supports women and children […]

Leadership: On the move
Virginia 500 August 29, 2024

Banking | Finance 2024: TYRONE NOEL

Noel became president of Bank of America’s Hampton Roads market in September 2023, replacing Frank Castellanos, who is the Merrill market executive for the greater Washington, D.C., area. In this role, Noel leads 500 employees across eight business lines and oversees the bank’s efforts to grow “by fostering local connections and identifying opportunities to grow […]

Virginia 500 August 29, 2024

2024 Virginia 500: Media

JON CARPENTER CEO, COMSCORE, RESTON     DOUG DAVIS SENIOR VICE PRESIDENT/REGIONAL MANAGER, NEXSTAR BROADCASTING, PORTSMOUTH     JOSH EASTRIGHT CEO, BLOOMBERG INDUSTRY GROUP, ARLINGTON COUNTY     PAULA A. KERGER PRESIDENT AND CEO, PUBLIC BROADCASTING SERVICE, ARLINGTON COUNTY     TIMOTHY J. O’SHAUGHNESSY PRESIDENT AND CEO, GRAHAM HOLDINGS, ARLINGTON COUNTY [...]

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Virginia 500 August 29, 2024

Energy 2024: ROBERT DUVALL

In his second stint at the helm of Virginia Natural Gas, Duvall is responsible for delivering natural gas to more than 310,000 customers across southeastern Virginia. After earning a bachelor’s degree in civil engineering from Clemson University, Duvall began his career in 1984 as a distribution engineer at Atlanta Gas Light, a subsidiary of VNG’s […]

Real Estate 2023: TIMOTHY A. FAULKNER
Virginia 500 August 29, 2024

Real Estate 2024: TIMOTHY A. FAULKNER

Named CEO in 2022, Faulkner previously served as chief operating officer and president of property management for Breeden, which has about 425 employees in Virginia. Previously, Faulkner was president and COO of Lawton Lumber, and also worked for American Coating Technologies and Procter & Gamble. As Breeden’s CEO, he oversees a real estate development and […]

Real Estate: KIM ROY
Virginia 500 August 29, 2024

Real Estate 2024: CHRIS MOLIVADAS

Molivadas has been in commercial real estate for more than 30 years. He previously was senior vice president at Spaulding & Slye Colliers, which was acquired by JLL in 2005, and he became JLL’s mid-Atlantic market director in 2018. Before that, he was a project manager for Clark Construction and a project director for Quadrangle […]

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Top Stories

Virginia Gov. Abigail Spanberger was sworn in as Virginia’s 75th governor, the first woman to hold the office, on Jan. 17, 2026. Photo by Kira Jenkins/Virginia Business

Spanberger sworn in as Virginia’s first woman governor

Under cloudy skies at the Virginia State Capitol, Abigail Davis Spanberger was sworn in as Virginia'[...]

The University of Virginia Rotunda. Photo by Jay Paul

3 U.Va. board members resign at Spanberger’s request

The New York Times reported Friday evening that three University of Virginia board members have resi[...]

An offshore wind turbine. A boat sits in the background.

Federal court grants Dominion injunction, allowing offshore wind construction to proceed

Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resum[...]

Depositphotos

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and mo[...]

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

Depositphotos

Solstice Advanced Materials to invest $220M in Chesterfield expansion

Solstice Advanced Materials plans to invest $220 million to expand production at its manufacturing f[...]

People

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

15/1/2026

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Real Estate Information Network's new president John Chandler. Photo courtesy REIN

REIN announces 2026 board of directors

12/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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