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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

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[...]

Manufacturing 2025: IBAÑEZ, JESUS
Manufacturing 25 September 2, 2025

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[...]

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

Banking | Finance 2025: FAIRBANK, RICHARD

After earning an economics degree and an MBA from Stanford University, Fairbank landed at Virginia’s Signet Bank, where he co-created the business that became Capital One, the Fortune Global 500 credit card giant. Fairbank became CEO in 1994 during Capital One’s initial public offering. In 2024, the bank reported $39.1 billion in revenue, a 6.3% […]

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Top Stories

An L3Harris Technologies employee at work at the company's Orange County site. Photo courtesy L3Harris Technologies

L3Harris plans $1.27B expansion in Orange, creating 350 jobs

L3Harris Technologies announced a $1.27 billion expansion of its rocket motor production operations [...]

Talking turkey: Va. is nation’s sixth largest producer

Virginia poultry co-op to add 146 jobs, invest $113M

The Virginia Poultry Growers Cooperative plans to grow its operation, investing $113.9 million and a[...]

Mount Crawford, VA. - Excited shoppers pour through the door of the first Buc-ee's to open in Virginia on Monday, June 30, 2025, at 6 a.m. (Photo by Norm Shafer)

Virginia Business photographer wins Best in Show

Virginia Business won nine awards in the Virginia Press Association‘s 2025 News & Advertising [...]

On Feb. 28, 2025, Virginia Tech President Tim Sands speaks at the grand opening ceremony for the Innovation Campus' Academic Building One. (Photo by Luke Hayes/Virginia Tech)

Kaine questions Virginia Tech president’s exit

Sen. Tim Kaine questions if Virginia Tech President Tim Sands was pushed out before Gov. Spanberger [...]

Virginia Tech President Tim Sands. Photo by Kristina Rose. Photo courtesy Virginia Tech

Virginia Tech President Tim Sands to step down

Virginia Tech President Tim Sands announced Thursday that he intends to step down in the coming mont[...]

A Lumber Liquidators truck. The flooring retailer is in the final stages of relocating its headquarters and distribution operations from the Richmond region to Tennessee. Photo courtesy Lumber Liquidators

Lumber Liquidators moving HQ, warehousing out of Virginia

Lumber Liquidators is relocating its headquarters and distribution operations from Henrico County to[...]

People

HCA Healthcare is promoting Dr. Jennifer Bocker to division chief medical officer for its Capital Division, effective May 1, 2026. Photo courtesy HCA Healthcare

HCA taps chief medical officer for Capital Division

16/4/2026

Default Alt Text

AeroVironment promotes executive to CFO

13/4/2026

Divaris Real Estate announced that it has appointed James O’Neill to be managing principal broker of its Washington, D.C. regional office. Photo courtesy Divaris Real Estate

Divaris appoints managing principal broker of D.C. regional office

10/4/2026

Regions

U.Va. Wise’s SMR control room simulator will aid workforce development, says Chancellor Donna P. Henry. Photo courtesy University of Virginia’s College at Wise

U.Va. Wise installs SMR control room simulator

U.Va. Wise installed a NuScale SMR control room simulator funded by a Virginia Clean Energy grant to[...]

In January, Petersburg became Virginia’s fifth city with a casino. Photo by Jay Paul

Petersburg rolls out temporary Live! Casino

Petersburg launched a temporary Live! Casino featuring 900 slot machines and 30 table games while th[...]

A casino could be in the cards for Winchester. Rendering courtesy Winchester Economic Development Authority

Winchester Council greenlights casino study

Winchester City Council approved a feasibility study for a casino and entertainment complex, with a [...]

Norfolk International Airport officials and regional elected leaders celebrated the opening of the international arrivals facility. Photo by Josh Janney

Norfolk airport undergoes $1B modernization

As passenger numbers at Norfolk International Airport grow past pre-pandemic levels, the airport is [...]


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