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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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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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 […]

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Top Stories

An aerial view of the Botetourt Center at Greenfield. Photo courtesy Botetourt County

Google’s Botetourt data center campus may use 8M gallons of water daily

Unredacted documents reveal Google’s planned Botetourt data center may require 2M–8M gallons of [...]

Bryan H. Fairbanks will retire after nearly 23 years with Trex. Photo courtesy Trex

Trex CEO Bryan Fairbanks to retire in April

Trex Co. announced Tuesday that President and CEO Bryan H. Fairbanks will retire April 28 after near[...]

Southern Virginia Multimodal Park. Photo courtesy Matt Rowe, Pittsylvania County's economic development directo

Avio USA picks Pittsylvania for $500M solid rocket motor plant

Avio USA will build a $500 million rocket motor plant in Pittsylvania County, creating 1,000+ jobs i[...]

Victor Hoskins. Photo courtesy Fairfax County Economic Development Authority.

Hoskins to exit Fairfax EDA after six-year tenure

Victor Hoskins will leave the Fairfax County EDA after six years, a tenure credited with nearly 64,0[...]

Hampton logistics company closes, laying off 63

AOL to lay off 108 tied to Reston office

AOL plans 108 layoffs linked to its Reston office as Bending Spoons completes its acquisition of the[...]

CoStar cuts Richmond jobs as Homes.com faces scrutiny

CoStar cuts Richmond jobs as Homes.com faces scrutiny

CoStar is laying off Richmond employees as it expands AI at Homes.com and faces investor criticism o[...]

People

Ashish Jandial

ASGN announces commercial segment presidents

27/2/2026

Dr. Reid Adams. Photo courtesy UVA Health.

UVA Health promotes inaugural chief medical officer

24/2/2026

Atlantic Union Bankshares new CFO Alexander Dodd

Atlantic Union Bankshares appoints new CFO

24/2/2026

Regions

Norfolk casino General Manager Ron Bailey leads a tour of the Interim Gaming Hall, which opened in November 2025. Photo by Kristen Zeis

Will new casino be a jackpot for Norfolk?

Norfolk’s $750M casino project is on track for 2027, but rising competition and lower tax projecti[...]

Clarke County Industrial Development Authority Chair William Waite, Clarke County Director of Economic Development & Tourism Michelle Ridings and Clarke County Board of Supervisors Chair David Weiss stand at the site of a proposed business park. Photo by Norm Shafer

Clarke to repurpose ex-prison site into business park

Clarke County’s long-planned second business park has taken a significant step toward becoming rea[...]

InternshipsVA could help the region retain talent, says EO’s Travis Staton. Photo by Earl Neikirk

EO to lead internship development program

A new statewide initiative is connecting Southwest Virginia businesses with emerging talent at the r[...]

Vinton Town Manager Pete Peters at Extended Stay America Premier Suites site Photo by Natalee Waters

Roanoke Valley confronts hotel room shortage

As a trio of hotels shuttered in the city over the past several years, the number of rooms available[...]


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