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Recent Articles from Virginia Business

Manufacturing 2025: BEAUCHAMP, BRADFORD ‘BRAD’
Manufacturing 25 September 2, 2025

Manufacturing 2025: BEAUCHAMP, BRADFORD ‘BRAD’

In 1950, E. Rhodes Carpenter launched his namesake company as a distributor of Goodyear latex products. A few years later, Carpenter pivoted to pouring flexible polyurethane foam. Celebrating its 75th anniversary this year, Carpenter now has a product portfolio that includes bonded, molded and technical foams, chemicals and chemical systems, expanded polystyrene systems, consumer products, [&helli[...]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: FOSTER III, WILLIAM I. ‘BILLY’

At TowneBank’s helm since 2023, Foster is steering the regional community bank through a financial growth period. On April 3, TowneBank announced plans to acquire Old Point Financial, parent company of Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger is expected to enhance TowneBank’s position as the bank with […]

Manufacturing 2025: HOFF, JEREMY R.
Manufacturing 25 September 2, 2025

Manufacturing 2025: HOFF, JEREMY R.

Hoff joined Hooker in 2017, serving as president of the upholstery, case goods and legacy brands divisions before being named its first nonfamily CEO in 2021. The 101-year-old company employs more than 1,000 people and has corporate offices and upholstery manufacturing facilities in Virginia, North Carolina and California, with showrooms in High Point, North Carolina; […]

Manufacturing 2025: CULBRETH, M. SCOTT
Manufacturing 25 September 2, 2025

Manufacturing 2025: CULBRETH, M. SCOTT

Culbreth joined American Woodmark in 2014 as its senior vice president and chief financial officer. He was promoted to president and CEO and joined its board of directors in 2020. American Woodmark’s cabinet brands include its namesake, as well as Shenandoah Cabinetry, Timberlake Cabinetry and Waypoint Living Spaces. It has more than 7,800 employees and […]

Manufacturing 2025: GOTTWALD, THOMAS E. ‘TEDDY’
Manufacturing 25 September 2, 2025

Manufacturing 2025: GREENE, JASON

Greene has led Delta Star, a manufacturer of power transformers and mobile substations, since 2016. In June, Greene welcomed state and local officials, including Lt. Gov. Winsome Earle-Sears, to a ribbon-cutting ceremony for the company’s Delta Iron Works, an 80,000-square-foot facility that will serve as a hub for steel fabrication, allowing the company to boost […]

Manufacturing 2025: KEOGH, SCOTT
Manufacturing 25 September 2, 2025

Manufacturing 2025: KEOGH, SCOTT

Keogh leads German parent company Volkswagen’s electric truck and sport utility vehicle division, a job he took in 2022 after serving as president and CEO for Volkswagen of America for four years. Scout is a revamp of the iconic Scout all-terrain vehicle brand produced by International Harvester from 1961 to 1980. In 2021, Volkswagen acquired […]

Manufacturing 2025: TIDEY, R. SCOTT
Manufacturing 25 September 2, 2025

Manufacturing 2025: TIDEY, R. SCOTT

Following Gregory H. Trepp’s September 2024 retirement, Tidey became the appliance manufacturer’s new CEO and a board member. He was named president earlier last year as part of Hamilton Beach’s succession plan. Previously, Tidey was senior vice president of global sales at subsidiary Hamilton Beach Brands, and he started with the company in 2010 as […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: DI RITA, LAWRENCE ‘LARRY’

Di Rita has led the greater D.C. market for Bank of America since 2019. He’s also the bank’s head of global public policy. Bank of America posted $27.1 billion in net income in 2024, a 2.33% increase from 2023, and had $3.26 trillion in total assets, a 2.56% increase compared to 2023. Di Rita joined […]

Manufacturing 2025: HÖGBERG, FREDRIK 
Manufacturing 25 September 2, 2025

Manufacturing 2025: HÖGBERG, FREDRIK 

A native of Sweden, Högberg became president of Volvo Penta North America in 2022. He joined Volvo Group in 1994 and has held a variety of positions, including in digital services, retail development and aftermarket sales. He previously was senior vice president for services, solutions, digital and IT for Mack and Volvo Trucks North America. […]

Banking | Finance 2025: BERNERT III, LAWRENCE ‘LARRY’
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: BERNERT III, LAWRENCE ‘LARRY’

After Clearstead Advisors, an Ohio-based financial advisory firm, acquired the assets of Norfolk-based Wilbanks Smith & Thomas Asset Management last year, Bernert’s job evolved from WST’s principal to senior managing director for Clearstead Advisory Solutions. Prior to the acquisition, WST boasted more than $5 billion of assets under management, which it added to Clearstead’s[...]

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Top Stories

Photo of four-story building

Owens & Minor to sell largest business segment for $375M

Fortune 500 company Owens & Minor, based in Henrico County, announced Wednesday that it plans to sel[...]

Image by AdobeStock

Hampton Roads too reliant on federal dollars, economists warn

Economists warn that the Hampton Roads region is overly reliant on federal spending and is at risk i[...]

Trump administration threatens no back pay for federal workers in shutdown

Trump administration threatens no back pay for federal workers in shutdown

The Trump administration says furloughed workers aren’t guaranteed back pay during the shutdown, r[...]

A rendering of Colonna’s Shipyard’s latest investment, a new $70 million drydock currently under construction. Image courtesy Colonna's Shipyard

Colonna’s Shipyard invests $79M to build 4th drydock

Norfolk-based Colonna’s Shipyard announced Friday that it has invested $70 million to acquire its [...]

Health systems forecast pain from Medicaid cuts

Health systems forecast pain from Medicaid cuts

Virginia hospitals face closures as Medicaid cuts hit budgets; Augusta Health closes clinics, warns [...]

Brian Warpup inspects one of his soybean fields in Warren, Ind., Thursday, Sept. 11, 2025. (AP Photo/Michael Conroy)

Trump’s trade battle with China puts soybean farmers in peril

China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously[...]

People

Anne Smith. Photo courtesy Hooker Furnishings.

Hooker Furnishings CAO to depart in cost-cutting plan

8/10/2025

Dale Wagoner plans to retire as CEO at the end of the year. Photo courtesy LMI

LMI CEO transitions to chairman

6/10/2025

Antonio Perez Jr. has been named General Manager of Rivers Casino Portsmouth. Photo courtesy RIvers Casino Portsmouth

Rivers Casino Portsmouth hires new general manager

2/10/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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