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Recent Articles from Virginia Business
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.
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
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: 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
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
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: 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
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’
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[...]
Manufacturing 2025: IBAÑEZ, JESUS
Ibañez joined Lego Manufacturing Virginia in January to oversee hiring and construction of the Danish toymaker’s $1 billion Chesterfield County facility, bringing two decades of executive leadership in multiple countries. He previously served as vice president of operations at Lego’s plant in Monterrey, Mexico, and was executive operations director for tire company Bridgestone. Before[...]
