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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Health Care 2024: STEVE ARNER

In July, just a little over a year after he was promoted to president of Carilion Clinic, Arner was tapped to succeed Nancy Howell Agee as the Roanoke-based health system’s CEO, effective Oct. 1. Agee, who is retiring and will take the title of CEO emeritus, had led the $2.4 billion not-for-profit health system since […]

Law 2023: JOHN ‘JACK’ LAVOIE
Virginia 500 August 29, 2024

Law 2024: JOHN ‘JACK’ LAVOIE

Joining Cooley in 2008, Lavoie leads the firm’s real estate practice group. His practice centers on real estate transactions, including buying, selling, developing and leasing office, industrial and retail properties. Lavoie represents landlords, tenants, lenders and borrowers in the leasing, financing and repositioning of commercial property in the Washington, D.C, area and the mid-Atlantic reg[...]

Law 2023: A. BENJAMIN SPENCER
Virginia 500 August 29, 2024

Law 2024: A. BENJAMIN SPENCER

James Randolph Spencer was the first Black federal judge in Virginia and, later, the first Black chief judge serving on the Eastern District of Virginia bench. His wife, Margaret P. Spencer, was a 13th Judicial Circuit judge for 16 years, as well as a law professor at William & Mary.  Their son Benjamin Spencer is […]

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Virginia 500 August 29, 2024

Real Estate 2024: BYRON L. BOSTON

Dynex Capital, a real estate investment trust, reported about $6.37 billion in total assets at the end of last year, compared with about $3.61 billion in 2022, with a strong fourth quarter capping a volatile year for REITs because of inflation and high interest rates. A St. Louis native, Boston joined Dynex in 2008 as […]

Real Estate 2023: MILES LEON
Virginia 500 August 29, 2024

Real Estate 2024: MILES LEON

As leader of one of the largest real estate development companies in the Southeastern United States, Leon is responsible for all company operations and new business development. Founded in 1906, the firm has a property management portfolio exceeding 30,000 multifamily units. Among other deals, the company is handling Texas convenience store chain Buc-ee’s expansion into the commonwealth, [&hel[...]

Retail | Wholesale | Food | Beverage 2023: GEOFFREY POHANKA
Virginia 500 August 29, 2024

Retail 2024: GEOFFREY POHANKA

Pohanka’s family has been selling cars since Frank Pohanka opened a Washington, D.C., dealership in 1919. Today, the family’s business, headed by Frank’s grandson Geoffrey, has 20 locations in Virginia, Maryland and Texas, and is the third largest Virginia-based auto dealership. It had revenue of $1.8 billion and more than 1,400 employees in 2023. Geoffrey’s […]

Transportation 2023: RANDY CLARKE
Virginia 500 August 29, 2024

Transportation 2024: RANDY CLARKE

Clarke took leadership of WMATA in 2022 and since has been working to increase ridership and add fleets to the Metrorail and Metrobus. One of the transportation system’s biggest challenges has been its budget, with ridership way down from the pandemic and construction costs up during recent inflation. However, Metro avoided a $750 million shortfall […]

The Power 50
News August 29, 2024

Living Legends 2024: JIM McGLOTHLIN

McGlothlin’s story begins in Grundy, where he practiced law as a partner at the firm of Street, Street & McGlothlin until 1970. That year, he became founding partner of United Coal Co., which became a billion-dollar business by the time it was sold in 2009 to a Ukrainian billionaire’s company. The William & Mary alumnus […]

Finance | Insurance 2023: JEFF BENTLEY
Virginia 500 August 29, 2024

Banking | Finance 2024: JEFF BENTLEY

In September 2023, the Washington Commanders announced a multiyear partnership with Northwest Federal, making it the official credit union of the team and, for a few months, former Commanders quarterback Sam Howell was NWFCU’s spokesperson before being traded to the Seattle Seahawks. Bentley has more than three decades of experience in consumer and commercial lending. […]

Federal Contractors/Technology: GARY J. SHAPIRO 
Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: GARY J. SHAPIRO

Lawyer, author and lobbyist Shapiro is the longtime leader of the Consumer Technology Association, a trade organization representing more than 1,300 consumer technology companies. CTA owns and produces CES, the world’s largest consumer technology trade show, which has been held in Las Vegas since 1978. With more than three decades at CTA’s helm, Shapiro has […]

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Top Stories

U.Va. Darden School dean reappointed to third term

U.Va. names next president, defying Spanberger

The University of Virginia's board named Darden School of Business Dean Scott Beardsley as the unive[...]

George Holm will transition to executive chairman of PFG on Jan. 1. Photo courtesy PFG

Performance Food Group announces Jan. 1 CEO transition

Performance Food Group names Scott McPherson CEO effective Jan. 1, 2026, as George Holm transitions [...]

Server room interior in datacenter. Depositphotos

Another massive data center campus proposed in Prince William

LSI 360 has filed an early planning application tied to a massive, proposed data center campus in we[...]

Port of Virginia nears finish of $450M dredging project

Federal employment, trade declined in 2025 in Virginia

Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemploym[...]

Gov. Glenn Youngkin announced LS Cable & System's plans for additional facilities in Chesapeake at the Patrick Henry Building in Richmond on Dec. 12, 2025. Photo by Katherine Schulte/Virginia Business.

LS Cable to add $689M factory in Chesapeake, creating 430 jobs

LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilitie[...]

Retail | Wholesale | Food | Beverage 2025: WEIHRAUCH, POUL

Mars completes $36B Kellanova acquisition

McLean-based candy and pet care giant Mars announced Thursday that it has completed its $36 billion [...]

People

SHRM Linkage has appointed Tracey Walker as its new CEO, effective. Dec. 3. Photo Courtesy SHRM Linkage

SHRM Linkage taps new CEO

19/12/2025

Science Applications International Corp. (SAIC) has tapped Peraton executive Ravi Dankanikote to be chief growth officer. Photo courtesy SAIC

Peraton executive returns to SAIC as chief growth officer

17/12/2025

Theodore “Ted” Tanner Jr. will join Leidos as CTO in January. Photo courtesy Leidos

Leidos names AI chief technology officer

15/12/2025

Regions

The Hard Rock Hotel & Casino Bristol produced $13.18 million in gaming tax revenue for 14 localities. Photo courtesy Hard Rock Hotel & Casino Bristol

Bristol hopes for bigger share of casino tax

The Hard Rock Hotel & Casino Bristol this November marked its first year in its permanent facili[...]

June 2025 for the record

FOR THE RECORD December 2025

Central Virginia  Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have c[...]

Four cards and a stack of chips on a green felt table

Virginia casinos report $82M in October revenue

October gaming revenues for Virginia’s three casinos totaled $82.1 million, according to data the [...]

Virginia Intermont College campus owner modifies plans

Virginia Intermont College campus owner modifies plans

The owner of the former Virginia Intermont College in Bristol plans a new four-year school and mixed[...]


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