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Recent Articles from Virginia Business
Banking | Finance 2024: VIKRAM ‘VIK’ ATAL
PRA Group, a global business that acquires and collects on nonperforming loans, reported a net loss of $83.5 million in fiscal 2023, after reporting a net income of $117.1 million in 2022. In a letter to shareholders about 2023 numbers, Atal, explained that when he was named CEO in March 2023, his goal was to […]
Professional Services 2024: JEREMY BLANK
With nearly three decades under his belt at Deloitte, Blank was promoted in January from head of the Big Four global accounting firm’s Greater Washington market to a national role as U.S. tax chief strategy officer. In his new job, Blank oversees services for national and global tax clients, including specializations such as tax planning, […]
Telecommunications 2024: MATTHEW J. DESCH
Desch joined Iridium as CEO in 2006, took the company public in 2009 and subsequently replaced its first-generation network with new satellites that are expected to last into the mid-to-late 2030s. Iridium has been inventing new services and finding new partners since. In April, the global satellite communications company acquired Reston-based Satelles, a provider of […]
Retail 2024: MICHAEL SEVER
Sever, a longtime Hershey employee, was named plant manager of the candymaker’s Stuarts Draft manufacturing facility in 2022. He had previously been site operations leader at the facility, which produces nut-based candies like Reese’s Peanut Butter Cups and Almond Joy. The plant, which opened in 1982, is the second largest of Hershey’s seven manufacturing sites. […]
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 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 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 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 […]
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 […]
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 […]
