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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

Education 2025: KRESS, ANNE M.
Education 25 September 1, 2025

Education 2025: KRESS, ANNE M.

After starting her post-secondary education career as a faculty member teaching English, Kress now presides over Virginia’s largest community college — and one of the nation’s largest — with more than 70,000 students across six campuses, including NOVA’s Medical Education Campus in Springfield. This year, NOVA opened its new data center operations training center in […[...]

Government Contractors | Technology 2025: RHYU, JAMES J.
Federal Contractors | Technology | Aerospace 25 September 1, 2025

Government Contractors | Technology 2025: RHYU, JAMES J.

Rhyu joined for-profit education tech company Stride in 2013 and has served as its CEO since 2021. Founded in 2000 as K12, Stride offers career-learning services for middle and high school curricula, programs for businesses and the military, and professional skills training in health care and technology for adult learners. Stride reported just over $2 […]

Education 2025: MCDONNELL, KARL
Education 25 September 1, 2025

Education 2025: MCDONNELL, KARL

Focused primarily on online learning for working adults, Strategic Education was formed in 2018 through the $2 billion merger of Strayer Education and Capella Education. Year-over-year revenue for Strategic Education increased nearly 5% in the first quarter of this year. McDonnell previously served as president and CEO of Strayer, which he joined in 2006. He […]

Government Contractors | Technology 2025: FERNANDEZ, RAUL
Federal Contractors | Technology | Aerospace 25 September 1, 2025

Government Contractors | Technology 2025: FERNANDEZ, RAUL

A Maryland native, Fernandez was named president and CEO of Fortune 500 IT services and consulting company DXC Technology in 2024 after serving as interim head. He succeeded former CEO Mike Salvino following three years of declining revenues. In May, the company’s board extended Fernandez’s contract through 2028. Headquartered in Ashburn, DXC has roughly 130,000 […]

Government Contractors | Technology 2025: HAYES, ROBIN
Federal Contractors | Technology | Aerospace 25 September 1, 2025

Government Contractors | Technology 2025: HAYES, ROBIN

Hayes began his career in aviation by delivering duty-free items to passengers at Boston’s Logan International Airport. In 2024, he became chairman and CEO of Airbus Americas, leading European corporation Airbus SE’s commercial aircraft business and coordinating among its helicopter, space and defense businesses in North America. Hayes was previously JetBlue’s CEO. Hayes took on [...]

Government Contractors | Technology 2025: PETERS, MARK
Federal Contractors | Technology | Aerospace 25 September 1, 2025

Government Contractors | Technology 2025: PETERS, MARK

Peters succeeded Jason Providakes as president and CEO of Mitre, a not-for-profit research and development corporation that manages federally funded R&D centers, in September 2024. Mitre has more than 60 sites worldwide, employing about 8,000 workers and more than 200 labs. Peters served as executive vice president of laboratory management and operations at Charlottesville’s Battelle [&h[...]

Education 2025: HALLOCK, KEVIN F.
Education 25 September 1, 2025

Education 2025: HALLOCK, KEVIN F.

An economist with a doctorate from Princeton, Hallock joined University of Richmond in 2021. One of the private school’s long-term goals has been affordability. Need-based aid packages average $64,880 toward roughly $84,000 in annual costs for tuition and room and board. Starting this fall, families earning $75,000 or less qualify for a full ride. This […]

Government Contractors | Technology 2025: MARRON, MARK P.
Federal Contractors | Technology | Aerospace 25 September 1, 2025

Government Contractors | Technology 2025: MARRON, MARK P.

Marron started at ePlus, a provider of IT assets and financing services, in 2005. He became president and CEO in 2016 and a member of the company’s board in 2018. In August 2024, ePlus acquired Minnesota-based IT services company Bailiwick Services for an undisclosed amount. In June, the company sold off its U.S. finance business […]

Government Contractors | Technology 2025: SCHORER, STEVE
Federal Contractors | Technology | Aerospace 25 September 1, 2025

Government Contractors | Technology 2025: SCHORER, STEVE

Schorer took on the top leadership role at Reston-based federal contractor Peraton in 2024 after former CEO Stu Shea announced his departure. Peraton is a portfolio company of Veritas Capital and has more than 19,000 employees. Schorer previously served from 2017 to 2021 as CEO of Alion Science and Technology, which Huntington Ingalls Industries purchased […]

Government Contractors | Technology 2025: AGGARWAL, REGGIE
Federal Contractors | Technology | Aerospace 25 September 1, 2025

Government Contractors | Technology 2025: AGGARWAL, REGGIE

Initially a lawyer, Aggarwal shifted to the events business after planning hundreds of events as president of the Indian CEO Network. In 1999, he founded Cvent, a market-leading meetings, events and hospitality technology provider. Cvent has grown to employ more than 5,000 people and serves more than 24,000 customers globally. While not on the Fortune […]

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Top Stories

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 350 employees

Goochland County-based Fortune 500 used car retailer CarMax is laying off about 350 employees nation[...]

Construction workers, bottom right, atop the U.S. Treasury, watch as work continues on a largely demolished part of the East Wing of the White House on Oct. 23, 2025, before construction of a new ballroom. (AP Photo/Jacquelyn Martin)

Two Virginia companies donate to White House ballroom project

Altria Group and Booz Allen Hamilton donating to President Donald Trump’s roughly $300 million Whi[...]

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[...]

People

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Botetourt hires new economic development director

30/10/2025

Paul Phillips will retire from Freedom First at the end of 2026. Photo courtesy Freedom First Credit Union

Freedom First credit union CEO to retire in 2026

29/10/2025

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

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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