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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: RYAN, TOM

When Ryan arrived at Langley Federal in 2012, the credit union had about $1.7 billion in assets and 165,500 members. It now boasts $5.5 billion in assets and 395,000 members. Earlier this year, Ryan announced his plans to retire at the end of 2025. (A successor had not been named as of press time for this […]

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

Banking | Finance 2025: STACK, JEAN

Before joining Baird, Stack worked for more than two decades in the government services, aerospace and defense sector at California-based investment bank Houlihan Lokey. At Baird, Stack advises executives on mergers and acquisitions, raising capital and other corporate strategies. Earlier this year, Baird served as the exclusive financial adviser for Kudu Dynamics, a Chantilly tech […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: GRDEN, NANCY

A longtime regional economic development and maritime leader, Grden was key in the 2023 merger of Reinvent Hampton Roads and the Hampton Roads Business Roundtable. That resulted in the creation of the Hampton Roads Executive Roundtable, a support organization for GO Virginia Region 5, the regional arm of the statewide economic development initiative. Before leading […]

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

Banking | Finance 2025: SCHENCK, JAMES

Over the course of his military career, Schenck flew Black Hawk helicopters in Korea and trained others as a night vision goggle instructor pilot. He also worked on the Army staff in the Office of the Deputy Chief of Staff for Operations and Plans, a post with responsibilities for overseeing the flying hour program, which […]

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

Banking | Finance 2025: SJOLUND, MARTIN

In June, Sjolund began his tenure leading PRA Group, a global business that acquires and collects on nonperforming loans. Earlier this year, a PRA spokesperson noted that Sjolund planned to split his time between London and PRA’s Norfolk headquarters. He succeeds Vikram Atal, who retired after serving as PRA’s president and CEO since 2023. Sjolund […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: COONS, JULIE

Coons has led the Northern Virginia Chamber of Commerce since 2018, prioritizing efforts to support the region’s economic health and growth. Celebrating its 100th anniversary this year, the chamber originated in 1925 as a Fairfax County- focused business advocacy organization. Today, it represents about 400 member businesses across a region that represents nearly 42% of […]

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

Banking | Finance 2025: MONTGOMERY, JOSEPH W. ‘JOE’

Montgomery went to work at an investment firm in December 1975 — meaning he’s enjoying his 50th year in an industry for which he is ranked as Virginia’s top wealth management adviser on Forbes’ 2025 Best-in-State Wealth Advisors list, with $1.6 billion in assets under management by his team. He credits the power of relationships and […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: SEGURA, JUAN PABLO

In March, reports circulated that Gov. Glenn Youngkin had tried to shift then-Commerce and Trade Secretary Caren Merrick to secretary of natural resources so that Segura, then Merrick’s deputy secretary, could have her post. Merrick left the administration instead. The son of billionaire ENSE Group Chairman Enrique Segura, Juan Pablo Segura ran as the GOP candidate in […]

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

Banking | Finance 2025: WILBANKS, WAYNE F.

Wilbanks developed an interest in stocks and bonds at the age of 14. As a 16-year-old, he formed an investment partnership with other students. “I was hooked,” Wilbanks has said of his career trajectory. A Duke graduate, Wilbanks co-founded Norfolk’s Wilbanks Smith & Thomas Asset Management in 1990, serving as the firm’s managing principal and […]

Economic Development 2025: STEPHENS, BRYAN K.
Economic Development 25 September 2, 2025

Economic Development 2025: STEPHENS, BRYAN K.

A 2025 Virginia C-Suite Awards winner, Stephens took the helm of the Hampton Roads Chamber in 2013. The organization advocates for business in the region, which is home to Naval Station Norfolk, the world’s largest naval complex, as well as significant manufacturing and hospitality sectors. With a five-star accreditation by the U.S. Chamber of Commerce, […]

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Top Stories

FILE PHOTO: Frankie, the mascot for Nathan's Famous hot dogs, excites the audience at the official weigh-in ceremony, ahead of the Coney Island's 2025 Nathan's Famous Fourth of July International Hot Dog Eating Contest in New York City, U.S., July 3, 2025. REUTERS/Angelina Katsanis/File Photo

Smithfield Foods plans to buy Nathan’s Famous in $450M deal

Smithfield Foods announced Wednesday it has entered a deal to purchase Nathan's Famous, the hot dog [...]

Virginia Gov. Abigail Spanberger was sworn in as Virginia’s 75th governor, the first woman to hold the office, on Jan. 17, 2026. Photo by Kira Jenkins/Virginia Business

Spanberger sworn in as Virginia’s first woman governor

Under cloudy skies at the Virginia State Capitol, Abigail Davis Spanberger was sworn in as Virginia'[...]

The University of Virginia Rotunda. Photo by Jay Paul

5 U.Va. board members resign at Spanberger’s request

The New York Times reported Friday evening that three University of Virginia board members have resi[...]

An offshore wind turbine. A boat sits in the background.

Federal court grants Dominion injunction, allowing offshore wind construction to proceed

Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resum[...]

Depositphotos

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and mo[...]

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

People

Christen Smith has been named chief revenue officer of LMI. Photo courtesy LMI

LMI names new leaders following CEO change

20/1/2026

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

15/1/2026

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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