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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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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Virginia 500 August 29, 2024

Education 2024: TROY D. PAINO

UMW had its most successful fundraising year so far in 2022-23, raising more than $21.36 million in gifts and pledges, including a portion of a $30 million bequest from a 1959 alumna to support undergraduate research and scholarships, announced in March 2023. Last year, Paino received the National Association of Student Personnel Administrators’ 2023 President’s […]

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Virginia 500 August 29, 2024

Retail 2024: RICK DREILING

Dreiling’s first year as Dollar Tree’s CEO has seen a continuation of some of the tumult that preceded his time leading the Fortune 500 discount retailer. The chain reported $30.6 billion in revenue in fiscal 2023, but a $1.7 billion loss in the fourth quarter. Following that poor performance, the company announced it would close […]

Finance | Insurance 2023: MARK A. FRANTZ
Virginia 500 August 29, 2024

Banking | Finance 2024: MARK A. FRANTZ

Co-founded by Frantz in 2009, Blue Delta is a venture capital firm that supports growth-stage companies providing technology solutions to the federal government.  In April, Blue Delta announced it had invested $25 million in Maryland’s Herrick Technology Laboratories, a provider of software-defined radio (which relies on software rather than hardware to control frequencies) and related [&hellip[...]

Economic Development 2023: CAREN MERRICK
Virginia 500 August 29, 2024

Economic Development 2024: CAREN MERRICK

Years before she was appointed to serve in Gov. Glenn Youngkin’s administration, Merrick and her husband, Phillip Merrick, founded webMethods, a software company that helped businesses connect data from disparate systems via the web. The company grew steadily from the mid-1990s tech boom until the business sold to Software AG in 2007 for $546 million. […]

Economic Development 2023: STEPHANIE LANDRUM
Virginia 500 August 29, 2024

Economic Development 2024: STEPHANIE LANDRUM

Landrum has led the Alexandria Economic Development Partnership since 2015. She joined the partnership nearly 20 years ago, serving as acting executive director for two years before stepping up to senior vice president. Before coming to AEDP, Landrum was a project coordinator at Southeast Fairfax Development Corp. The site of Alexandria’s shuttered Landmark Mall is […]

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

Federal Contractors | Technology 2024: CHRISTOPHER D. KASTNER

A graduate of the University of California, Santa Barbara, and Pepperdine University, Kastner was tapped as Huntington Ingalls Industries’ president and CEO in March 2022. HII reported revenue of $11.5 billion last year, a 7.3% increase from 2022, and a total project backlog of $43.1 billion as of Dec. 31, 2023. The Fortune 500 company […]

Nonprofits | Philanthropy 2023: TRAVIS STATON
Virginia 500 August 29, 2024

Nonprofits | Philanthropy 2024: TRAVIS STATON

The United Way of Southwest Virginia named its president and CEO, Staton, to lead Endless Opportunity, or EO, in February. EO is a new nonprofit, spun off of the United Way chapter, focused on workforce development programs. As EO’s leader, Staton manages a $10 million portfolio of grant-funded economic development, workforce training and child development […]

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Virginia 500 August 29, 2024

Telecommunications 2024: J.D. MYERS II

Myers joined Cox Communications in 2006 as vice president of the company’s business services, steadily ascending through the ranks to his current position as senior vice president and region manager, east region. He leads the home and business telecommunications and cable TV provider’s day-to-day operations for much of the eastern United States, including Virginia. Cox […]

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Top Stories

The University of Virginia Rotunda. Photo by Jay Paul

Report: 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[...]

TowneBank in Chesterfield County. Photo by Kira Jenkins

TowneBank completes $476M acquisition of Dogwood State Bank

Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North[...]

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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