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Recent Articles from Virginia Business
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[...]
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.
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.
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 […]
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 […]
