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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Transportation 2023: WILLIAM E. ‘BILL’ WOODHOUR
Virginia 500 August 29, 2024

Transportation 2024: WILLIAM E. ‘BILL’ WOODHOUR

A University of Delaware alumnus, Woodhour has devoted 32 years to Maersk Line, rising to president and CEO in 2016. Headquartered in Virginia with offices in Norfolk and Dulles, Maersk is the U.S. arm of Danish shipping giant A.P. Møller-Mærsk and has the largest U.S. flag fleet in commercial service. The company was in the […]

Manufacturing 2023: JON MOORE
Virginia 500 August 29, 2024

Manufacturing 2024: JON MOORE

Since 2019, Moore has served as president and CEO of tobacco products manufacturer Philip Morris USA, maker of Marlboro cigarettes. He has worked under parent company Altria Group since 2003, serving as vice president of its heated tobacco products division and director of marketing for NuMark, Altria’s early e-vapor subsidiary started in 2013. Today, he […]

Manufacturing 2023: ASHLEY B. SMITH
Virginia 500 August 29, 2024

Manufacturing 2024: JOHN M. STEITZ

In 2019, Steitz was named president and CEO of plastic films and aluminum extrusions manufacturer Tredegar, a 1989 spinoff of Richmond fuel additives company Ethyl. Steitz had served on Tredegar’s board of directors since 2017 while also serving as CEO of polymer additives supplier Addivant, which merged with SI Group in 2018. He was also […]

Manufacturing 2023: GREGORY TREPP
Virginia 500 August 29, 2024

Manufacturing 2024: GREGORY H. TREPP

Trepp had served as president and CEO at Hamilton Beach Brands since 2017. In February, he became CEO alone, as R. Scott Tidey was appointed company president, part of the appliance manufacturer’s succession plan. Tidey previously was senior vice president of global sales at subsidiary Hamilton Beach Brands Inc. Trepp joined Hamilton Beach in 1996 […]

Hospitality | Tourism 2023: CLYDE STACY
Virginia 500 August 29, 2024

Living Legends 2024: CLYDE STACY

Stacy, a former coal mining executive who headed Rapoca Energy, founded Par Ventures in 2000. In 2018, he purchased the vacant Bristol Mall for $2.6 million through Par Ventures and partnered with high school chum Jim McGlothlin to build Virginia’s first casino. Stacy and McGlothlin were instrumental in changing state gambling laws to allow casinos […]

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Virginia 500 August 29, 2024

Government | Politics 2024: GLENN YOUNGKIN

Youngkin’s victory in the 2021 gubernatorial race catapulted the former co-CEO of the Carlyle Group into the national spotlight. Politicos quickly seized on the affable businessman as a potential alternative to Donald Trump as the 2024 Republican presidential candidate, a possibility Youngkin neither openly embraced nor disavowed. But any hopes he may have had of […]

Virginia 500 August 29, 2024

Law 2024: VICTOR O. CARDWELL

A native of Lynchburg, Cardwell was chair of the board of directors of Roanoke law firm Woods Rogers in 2022, a position he held onto after the merger of his firm and Norfolk’s Vandeventer Black that year. Cardwell, who became the first Black president of the Virginia Bar Association in 2022, continues as a leader […]

Finance | Insurance 2023: VICTOR K. BRANCH
Virginia 500 August 29, 2024

Banking | Finance 2024: VICTOR K. BRANCH

This year, Branch celebrates his 40th year at Bank of America. Since 2015, he has served as president of the bank’s Richmond market. He’s also chair of the Virginia Bankers Association board, which approved a merger with the Maryland Bankers Association to create the Mid-Atlantic Bankers Association holding company in July. A William & Mary […]

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

Banking | Finance 2024: DIETRICH KUHLMANN

Kuhlmann took the helm at the credit union March 1, replacing Mary McDuffie, who was Navy Federal’s first woman CEO. She retired after 25 years with the financial institution, including five as CEO. After retiring from the U.S. Navy as a rear admiral, Kuhlmann joined Navy Federal in 2019 as head of branch operations. He […]

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Virginia 500 August 29, 2024

Economic Development 2024: JONATHAN S. BELCHER

As leader of the Virginia Coalfield Economic Development Authority since 2006, Belcher has helped bring new jobs to Southwest Virginia through numerous economic development deals. Two notable job announcements in the past year have included 170 jobs at data center company Tate in its access floors division, announced in November 2023, and 75 jobs accompanying […]

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Top Stories

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[...]

Woman accused of running high-end brothels in Northern Virginia and near Boston set to be sentenced

Virginia Supreme Court orders new trial in $2B Appian-Pega case

The Virginia Supreme Court ordered a new trial in a $2 billion trade secrets lawsuit involving McLea[...]

Four ship-to-shore container cranes the Port of Virginia put into service at Virginia International Gateway in April 2025. The port will complete its $450 million dredging project next month, delivering the deepest shipping channels on the East Coast. Photo courtesy Virginia Port Authority

Port of Virginia to complete $450M dredging project in February

The Port of Virginia will complete its $450 million dredging project next month, delivering the deep[...]

Defense Secretary Pete Hegseth speaks to an audience at Newport News Shipbuilding on Jan. 5, 2026, part of his "Arsenal of Freedom" industry tour. Photo by Josh Janney

In Newport News speech, Hegseth calls for faster delivery of warships

Secretary of Defense Pete Hegseth calls for faster delivery, tighter cost discipline in Newport News[...]

People

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

Marshall French, new president of Sauer Properties.

Sauer Properties taps new president

9/1/2026

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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