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Recent Articles from Virginia Business
TowneBank grows market share via M&A
TowneBank is once again the leader in the Hampton Roads banking market, holding a nearly 30% share as of June 2024. That’s set to grow quickly. Towne’s $203 million acquisition of Norfolk-based Old Point National Bank of Phoebus and its parent company closed in September. In August, TowneBank announced it plans to acquire North Carolina’s […]
Noninvasive Liver Cancer Treatment Now Available in Virginia; Transformational Milestone Reached in Evolution of Focused Ultrasound with $2.25B HistoSonics Acquisition
Virginians now have access to a new noninvasive liver cancer treatment. UVA Health in Charlottesville is the first hospital in the state to treat liver tumors with histotripsy, an incisionless technique using focused ultrasound to liquify target tissue without heat. Histotripsy was invented by the late Charles A. Cain, PhD, Zhen Xu, PhD, and a […]
Virginia 500: The 2025-26 Power List
Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the sixth annual edition of the Virginia 500: The 2025-26 Power List. Read a note from our associate publisher about how we select the Virginia 500. Executives are listed in alphabetical order by industry. Below you […]
Manufacturing 2025: IMAKOJI, HIROHITO
In February, the Swiss equipment manufacturer appointed Imakoji as Liebherr USA’s second managing director, jointly sharing executive responsibilities with Kai Friedrich, who has served as its Newport News-based managing director since 2021. Imakoji oversees strategic planning and the execution of growth strategies for corporate, finance and administrative functions. Liebherr USA provides sa[...]
Manufacturing 2025: STEITZ, JOHN M.
In 2019, Steitz was named president and CEO of surface protection 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 additives supplier Addivant, which merged with SI Group in 2018. He was also […]
Manufacturing 2025: ROBINSON, ANTHONY ‘TONY’
Robinson took over in 2024 as the head of Framatome, the Lynchburg-based North American subsidiary of the French nuclear equipment, services and fuel producer. During more than three decades of experience in the nuclear industry, Robinson has held a series of executive positions. Previously, he was senior vice president and chief nuclear officer of Structural […]
Manufacturing 2025: FAIRBANKS, BRYAN
Fairbanks became Trex’s president and CEO after the retirement of James Cline in 2020. Previously, he had been the publicly traded composite decking and railing manufacturer’s executive vice president and chief financial officer. Trex products are sold through more than 6,700 retail outlets across six continents. Over the next five years, Trex hopes to double […]
Manufacturing 2025: LUCK IV, CHARLES ‘CHARLIE’
Representing the third generation of the Luck family at the helm, Charlie Luck IV became president of the 102-year-old crushed stone company in 1995 and additionally CEO in 1999. While studying at Virginia Military Institute, he officially joined the family business as a summer trainee. After graduating with a degree in civil engineering in 1983, […]
Banking | Finance 2025: BRANCH, VICTOR K.
With more than 40 years of service at Bank of America, Branch has been president of the bank’s Richmond market since 2015. Bank of America reported $27.1 billion in net income in 2024 and employs 213,000 people globally. The immediate past chairman of the Virginia Bankers Association board and a William & Mary alum, Branch […]
Manufacturing 2025: MINKKINEN, MARCUS
In September 2024, Minkkinen succeeded Koen Knippenberg, who managed the plant for more than two years before being promoted to senior vice president of group truck operations for Volvo’s North America branch. A native of Sweden whose father and grandfather worked for Volvo, Minkkinen joined the company in 2004 as a trainee after receiving a […]
