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Recent Articles from Virginia Business
Manufacturing 2025: HAYES, TOM
In 2023, tobacco giant and Altria Group competitor Philip Morris International obtained full ownership of Swedish Match AB. The company develops, manufactures and distributes products including chew bags, moist snuff, tobacco-free nicotine pouches, matches and lighters. Hayes began working for the Swedish tobacco products manufacturer in 2006, serving as chief financial officer and senior vice pr[...]
Manufacturing 2025: PALIOTTI, BRIAN D.
Paliotti has been president of Afton Chemical since 2023, after having joined the company in 2008 as operations finance director and working for its parent company, NewMarket, as senior finance director. Afton develops and manufactures lubricant and fuel additive packages and markets and sells the products globally. Afton maintains operations in North America, Europe, Asia, […]
Manufacturing 2025: PARKINSON, JOHN
A subsidiary of Duroc AB, a Sweden-based investment firm that invests in industrial manufacturers, Drake Extrusion produces polypropylene-based colored filament yarn and staple fiber used for home furnishings and automotive manufacturing. The company established its roots in Henry County in 1995, and Parkinson has served at the helm since 2001. In 2021, Drake acquired North […]
Manufacturing 2025: SHIM, PATRICK
Gov. Glenn Youngkin, U.S. Sen. Tim Kaine and other officials gathered with Shim in Chesapeake in April to break ground for LS GreenLink USA’s roughly $700 million advanced cable manufacturing and port facility. The site will include a 750,000-square-foot production facility with the state’s tallest structure: a 660-foot tower needed to support the production of […]
Manufacturing 2025: BASSETT, DOUG
Since 2012, Bassett has served as president of Vaughan-Bassett, marking the fourth generation to lead the family company, which opened in 1919. Its brands include Vaughan-Bassett Furniture, Artisan & Post and Laurel Mercantile Co. Home by Ben & Erin Napier. Vaughan-Bassett also bills itself as the nation’s largest manufacturer of wooden bedroom furniture for adults. […]
Banking | Finance 2025: ADAMS JR., RICHARD M.
In 2022, Adams became the 14th CEO of United Bank, which was founded in 1839 and previously run by both his father and grandfather. Adams didn’t join the family business immediately after earning a law degree at Washington and Lee University. Instead, he went to work as an associate at law firm Bowles Rice. In […]
Manufacturing 2025: COLLIER, ROB
In early 2023, Danaher, a Washington, D.C., conglomerate encompassing biotechnology, diagnostics and life sciences businesses, announced plans to spin off its environmental and applied solutions segment into a separate public company headquartered in Massachusetts and called Veralto. A subsidiary of Danaher since 2007, Glen Allen-based ChemTreat is now part of Veralto, and Collier is now […[...]
Manufacturing 2025: MOORE, JON
Since 2019, Moore has served as president and CEO of Philip Morris USA, the largest cigarette company in the United States with brands that include Marlboro and Virginia Slims. Morris has worked for parent company Altria Group since 2003, serving as vice president of its heated tobacco products division and director of marketing for NuMark, […]
Banking | Finance 2025: CASSADAY, STEPHAN Q.
Since Cassaday founded his Northern Virginia firm in 1993, it has grown from $40 million in assets under management to $6.3 billion. Today, Cassaday & Co. has 93 employees advising more than 3,100 households. Cassaday ranked No. 52 on Barron’s Top 100 Financial Advisors list. Last year, Cassaday & Co. was one of 10 financial […]
Banking | Finance 2025: DAVIES, TED
In 2024, Davies came aboard as managing partner for Attain Capital, a private equity firm that invests in companies developing technology solutions and services for government and education clients. Additionally, Davies is a partner and chief strategy and organizational development officer for Attain Partners, a sister company that offers consulting services. Davies also is a senior […]
