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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

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

Banking | Finance 2025: DAVIES, TED

In 2024, Davies came aboard as managing partner for Attain Capital, a private equity firm that invests in companies developing technology solutions and services for government and education clients. Additionally, Davies is a partner and chief strategy and organizational development officer for Attain Partners, a sister company that offers consulting services. Davies also is a senior […]

Manufacturing 2025: GOTTWALD, THOMAS E. ‘TEDDY’
Manufacturing 25 September 2, 2025

Manufacturing 2025: GOTTWALD, THOMAS E. ‘TEDDY’

NewMarket is the parent company of subsidiaries that specialize in petroleum additives and critical performance additives used in space launch and military defense applications. Gottwald, whose grandfather Floyd Gottwald’s Albemarle Paper Manufacturing purchased the Ethyl Gasoline Corp. in 1962, is a member of one of the nation’s wealthiest families. Ethyl, now called NewMarket, now ha[...]

Manufacturing 2025: LEDESMA, DAVID
Manufacturing 25 September 2, 2025

Manufacturing 2025: LEDESMA, DAVID

Ledesma became the plant manager of DuPont’s Spruance site in 2021 after serving in the same role at its facility in Buffalo, New York. Built in 1929 to manufacture rayon, DuPont’s Spruance site sits along the James River and is the largest of the company’s manufacturing facilities worldwide. Ledesma manages more than 2,000 employees, some […]

Manufacturing 2025: GIFFORD JR., WILLIAM F. ‘BILLY’
Manufacturing 25 September 2, 2025

Manufacturing 2025: GIFFORD JR., WILLIAM F. ‘BILLY’

Joining the company at its subsidiary Philip Morris USA in 1994, Gifford became CEO of the Fortune 500 tobacco products manufacturer in 2020. Altria’s operating companies, in addition to Philip Morris USA, are U.S. Smokeless Tobacco, John Middleton, Helix Innovations and NJOY, as well as Horizon Innovations, its majority-owned joint venture with JT Group. In […]

Manufacturing 2025: FRIEDRICH, KAI
Manufacturing 25 September 2, 2025

Manufacturing 2025: FRIEDRICH, KAI

Friedrich joined Liebherr’s U.S. operations in 2021 as its managing director. In February, the Swiss equipment manufacturer announced Hirohito Imakoji has also been named a managing director of Liebherr USA and that he will work jointly with Friedrich, who is also the company’s managing director and divisional director of earthmoving and material handling technology. Out […]

Manufacturing 2025: JAIN, PRABHAT
Manufacturing 25 September 2, 2025

Manufacturing 2025: JAIN, PRABHAT

Jain has been CEO of Virginia Transformer, the continent’s largest U.S.-owned power transformer manufacturer, since 1982 — 14 years after he arrived from India, mechanical engineering degree in hand. Over the past four decades, he has grown the company from 35 employees to more than 2,700 across six plants. Jain started as a machine shop […]

Health Care 2025: JACKSON, REESE
Health Care | Biotech | Pharmaceuticals 25 September 2, 2025

Health Care 2025: JACKSON, REESE

Since 2016, Jackson has led Chesapeake Regional Healthcare, which includes the Chesapeake Regional Medical Center and more than 40 practice locations, as well as about 600 physicians serving Hampton Roads. In early April, the hospital opened a psychiatric emergency room, the first on Hampton Roads’ south side, and at the end of the month, the […]

Hospitality | Tourism 2025: ALBRECHT, CHRIS
Hospitality | Tourism 25 September 2, 2025

Hospitality | Tourism 2025: ALBRECHT, CHRIS

In 2022, Albrecht assumed his current post overseeing the Danville casino, which opened in December 2024. The $800 million Caesars Virginia resort, with 1,200 employees, is the third permanent casino to open in the state, although a temporary venue was previously in operation. The property includes more than 90,000 square feet of gaming space, with […]

Health Care 2025: JEVSEVAR, DR. DAVID S.
Health Care | Biotech | Pharmaceuticals 25 September 2, 2025

Health Care 2025: JEVSEVAR, DR. DAVID S.

In 2022, Jevsevar became CEO of OrthoVirginia, the largest independent orthopedic practice in the state, with 155-plus orthopedic specialist physicians across more than 35 locations in Lynchburg, Northern Virginia, Richmond, Southwest Virginia and Hampton Roads. The practice, which is the official orthopedic and sports medicine provider of the Washington Commanders, turns 10 this year. An [&hellip[...]

Hospitality | Tourism 2025: BRADBURN, DOUG
Hospitality | Tourism 25 September 2, 2025

Hospitality | Tourism 2025: BRADBURN, DOUG

One of the most visited historic estates in the nation, Mount Vernon receives about 1 million visitors annually. Bradburn is overseeing a privately funded preservation project to ensure the structural integrity of George Washington’s mansion for decades to come. The $40 million project, which started in 2023 and will stretch to 2026, includes designing and […]

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Top Stories

Sen. Lashrecse Aird speaks during a June 16, 2026, news conference announcing Virginia's cannabis recreational sale framework, along with Gov. Abigail Spanberger and Del. Paul Krizek. Photo by Kate Andrews/Virginia Business

Spanberger, legislators come to marijuana retail compromise

Licensed recreational marijuana sales would start July 1, 2027, under compromise language entered in[...]

Gov. Abigail Spanberger touts the state's support for Jefferson Lab during a June 12 groundbreaking event for the Jefferson Lab Data Center. Photo by Josh Janney

Spanberger backs House budget, but data center tax fight divides Democrats

Gov. Abigail Spanberger said she supports the Virginia House of Delegates proposal of an "expansive"[...]

John G. Rocovich Jr. talks with cadets during the Distinguished Alumni of the Corps award ceremony in 2025. Photo courtesy Virginia Tech

Rocovich sues Spanberger, seeks reinstatement on Virginia Tech board

Less than two weeks after being removed from the Virginia Tech's Board of Visitors, John Rocovich su[...]

Private schools’ graduation numbers remain stable

Trey Falwell sues Liberty for $1.75M

Jerry “Trey” Falwell III is suing Liberty University for $1.75 million, alleging the school brea[...]

Patients’ favorites

13 rural hospitals in Virginia at risk of closure, new report finds

Thirteen of Virginia's 36 rural hospitals are at risk of closure in a new report from the Virginia J[...]

Marijuana plants are seen inside the Glass House Farms flowering greenhouse in Camarillo, California, on April 13, 2022. Photo by Reuters/Shannon Stapleton

Virginia medical marijuana market consolidates

Virginia’s medical marijuana market consolidates as Arboretum Virginia is now assigned two of Virg[...]

People

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

12/6/2026

Government Contractors | Technology 2025: GRAY, DeETTE

CACI International U.S. operations president to retire

9/6/2026

Hampden-Sydney College President Larry Stimpert. Photo courtesy Hampden-Sydney College

Hampden-Sydney president to retire next year

8/6/2026

Regions

More than $1 million in renovations are planned at The Inn at Wise. Photo courtesy The Inn at Wise

Inn at Wise gets new lease-purchase on life

MK4 Hotel owner Mike Patel signs a $3 million lease-purchase for the Inn at Wise, planning over $1 m[...]

L to R: Mark Heath, president and CEO of Martinsville-Henry County Economic Development Corp., and Henry County Administrator Dale Wagoner show off the Patriot Centre Industrial Park’s new shell building. Photo by Natalee Waters

Henry County partners with developer on shell building

Henry County partners with Marlboro Development Team to build a $10 million industrial shell buildin[...]

Portsmouth Economic Development Director Brian Donahue stands at the Crawford Bay site the city hopes to redevelop. Photo by Kristen Zeis

Portsmouth advances waterfront redevelopment plans

Portsmouth moves forward with selecting a developer for a mixed-use project on the 6-acre Crawford B[...]

Washington Dulles International Airport expects a record-breaking 30 million passengers in 2026. Photo courtesy Metropolitan Washington Airports Authority

Dulles ramps up airport expansion work

Washington Dulles International Airport plans to exceed 30 million passengers with the opening of Co[...]


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