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Recent Articles from Virginia Business
Banking | Finance 2024: TOM RYAN
When Ryan arrived at Langley Federal in 2012, the credit union had about $1.7 billion in assets and 165,500 members. It now boasts $5.45 billion in assets and 378,000 members. With more than 700 employees, Langley Federal has 21 branches. The credit union opened a new branch in Raleigh, North Carolina, in September 2023 and […]
2024 Virginia 500: Nonprofits | Philanthropy
SHERRIE ARMSTRONG PRESIDENT AND CEO, COMMUNITY FOUNDATION FOR A GREATER RICHMOND, RICHMOND DR. ELIZABETH CHEROT PRESIDENT AND CEO, MARCH OF DIMES, ARLINGTON COUNTY SORAYA CORREA PRESIDENT AND CEO, NATIONAL INDUSTRIES FOR THE BLIND, ALEXANDRIA JACK DYER ‘J.D.’ CROUCH II PRESIDENT AND CEO, UNITED SERVICE ORGANIZATIONS, ARLINGTON COUNTY [&he[...]
Telecommunications 2024: CHRISTOPHER E. FRENCH
In April, Shentel completed the acquisition of Horizon Telcom, a commercial fiber provider, for $385 million. The combined company has approximately 15,400 fiber route miles across seven states. Shentel plans to re-brand the Horizon commercial and residential fiber businesses to Glo Fiber. Earlier this year, Shentel sold its tower portfolio to Vertical Bridge for $310.3 million in […]
Real Estate 2024: ROBERT M. ‘BOB’ KING
Since 1978, King has been leasing shopping centers for individuals, private partnerships and institutional clients, and has led the commercial real estate company’s retail leasing team since 1985. He was named president of the firm in 2019, and took over as chairman last year when his adoptive father, Harvey L. Lindsay Jr., died at 93. […]
Education 2024: JAMES E. RYAN
Since becoming president in 2018, Ryan has spearheaded several growth initiatives at the state’s flagship university, including the School of Data Science, a new performing arts center and the Karsh Institute of Democracy — all projects funded by donors, including a record 2019 gift of $120 million from alumni couple Jaffray and Merrill Woodriff for […]
Retail 2024: STEVE PRESLEY
Presley has been overseeing the U.S. market — Nestlé’s largest market, with around $30 billion in annual sales — since 2018. In 2021, he also became head of the Swiss food producer’s continent-wide business when Nestlé created a North America business zone, along with a China zone, to align with its market-led approach. In this […]
Transportation 2024: MONICA BACKMON
This year, Backmon was on hand for the completion of two projects funded by the NVTA: the $19.6 million Boundary Channel Drive Interchange Project in Arlington, for which the agency contributed more than $4.3 million, and the $313.9 million Route 7 Corridor Improvements Project in Fairfax County that NVTA provided with more than $22 million. […]
Manufacturing 2024: JOHN PARKINSON
Parkinson has served as Drake Extrusion’s CEO since 2001. A subsidiary of Duroc AB, a Swedish manufacturer specializing in filament yarn and staple fiber, the company established its roots in Henry County in 1996. In 2021, Drake acquired North Carolina-based yarn manufacturer Michael S. Becker. Drake has expanded its Henry County footprint twice in the […]
Agriculture 2024: NEIL A. HOUFF
Starting as a liquid fertilizer business on a Shenandoah family farm in 1975, Houff Corp. grew to provide a range of agricultural and industrial services, including agronomy, supply chain solutions, transloading and biosolids management. Two years ago, the company acquired 14 acres to expand its Doswell rail transload yard, where it’s laying more than a […]
Banking | Finance 2024: THOMAS RANSOM
Ransom boasts 24 years in the banking industry. At BB&T he started as a commercial banker in 2020 and went on to become greater Washington, D.C., market president. After Truist formed in 2018 through a merger of BB&T and SunTrust Banks, Ransom went to Charlotte, North Carolina, as an executive vice president before returning to […]
