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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

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% […]

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

Banking | Finance 2025: ASBURY, JOHN C.

With more than 35 years of experience in banking, Asbury has led Atlantic Union since 2016. The Virginia Tech and William & Mary alumnus is also the 2024-25 chair of the American Bankers Association. In April, Atlantic Union Bankshares, the holding company for Atlantic Union Bank, completed its $1.3 billion acquisition of Sandy Spring Bancorp, […]

Manufacturing 2025: WILKIN JR., NEIL D.
Manufacturing 25 September 2, 2025

Manufacturing 2025: WILKIN JR., NEIL D.

Wilkin was named Optical Cable’s chairman and CEO in 2003, two years after joining the company as its chief financial officer. Optical Cable, which manufactures fiber optic and copper communication cables and connectivity products, reported a profit of $18.2 million for fiscal 2024, down 18.3% from the previous year. In July, Optical Cable announced it […]

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Real Estate | Architecture | Construction | Development | Engineering  25 September 2, 2025

Real Estate 2025: HELMIG, TIMOTHY

After joining Monday Properties in 2005, Helmig has led the company to capital investments of more than $16 billion, expanded its multifamily portfolio to 6,500 units, and executed transactions totaling more than 36 million square feet. Monday Properties has expanded its footprint into high-growth markets along the East Coast, from the greater New York City […]

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Top Stories

A bronze statute of Lady Justice holding scales

Virginia Supreme Court hears $2B trade secrets case

McLean-based software company Appian argued it should receive the record-breaking $2.04 billion jury[...]

Amazon to pay $2.5B in FTC Prime membership settlement

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as it reduces bureaucracy and boosts investment in artif[...]

Disney to build its 7th theme park, this one in the United Arab Emirates

Booz Allen Hamilton announces new round of layoffs

Booz Allen Hamilton is initiating another round of layoffs amid declining revenues in its most recen[...]

The 2025 Virginia Black Business Leaders Awards: The Achievers

Townes-Whitley out as SAIC’s CEO after two years

Toni Townes-Whitley is out as CEO of Fortune 500 government contractor Science Applications Internat[...]

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Virginia garden center lays off 97 after $160M sale to data center developer

Merrifield Garden Center will close its Gainesville facility this December, laying off 97 employees,[...]

The University of Virginia Rotunda. Photo by Jay Paul

U.Va. reaches agreement with DOJ

The U.S. Department of Justice announced Wednesday that it has reached an agreement with the Univers[...]

People

Former Western Virginia acting U.S. attorney resigns, enters private practice

Former Western Virginia acting U.S. attorney resigns, enters private practice

17/10/2025

NICOLE NEWSOME | Chief strategy and growth officer, Qantm Creative

Qantm Creative taps new CEO

14/10/2025

Norfolk Casino hires six new leaders

Norfolk Casino hires six new leaders

13/10/2025

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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