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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

Virginia 500: The 2025-26 Power List
Virginia 500 September 3, 2025

Virginia 500: The 2025-26 Power List

Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the sixth annual edition of the Virginia 500: The 2025-26 Power List. Read a note from our associate publisher about how we select the Virginia 500.  Executives are listed in alphabetical order by industry. Below you […]

Manufacturing 2025: IMAKOJI, HIROHITO
Manufacturing 25 September 2, 2025

Manufacturing 2025: IMAKOJI, HIROHITO

In February, the Swiss equipment manufacturer appointed Imakoji as Liebherr USA’s second managing director, jointly sharing executive responsibilities with Kai Friedrich, who has served as its Newport News-based managing director since 2021. Imakoji oversees strategic planning and the execution of growth strategies for corporate, finance and administrative functions. Liebherr USA provides sa[...]

Manufacturing 2025: STEITZ, JOHN M.
Manufacturing 25 September 2, 2025

Manufacturing 2025: STEITZ, JOHN M.

In 2019, Steitz was named president and CEO of surface protection films and aluminum extrusions manufacturer Tredegar, a 1989 spinoff of Richmond fuel additives company Ethyl. Steitz had served on Tredegar’s board of directors since 2017 while also serving as CEO of additives supplier Addivant, which merged with SI Group in 2018. He was also […]

Manufacturing 2025: ROBINSON, ANTHONY ‘TONY’
Manufacturing 25 September 2, 2025

Manufacturing 2025: ROBINSON, ANTHONY ‘TONY’

Robinson took over in 2024 as the head of Framatome, the Lynchburg-based North American subsidiary of the French nuclear equipment, services and fuel producer. During more than three decades of experience in the nuclear industry, Robinson has held a series of executive positions. Previously, he was senior vice president and chief nuclear officer of Structural […]

Manufacturing 2025: FAIRBANKS, BRYAN
Manufacturing 25 September 2, 2025

Manufacturing 2025: FAIRBANKS, BRYAN

Fairbanks became Trex’s president and CEO after the retirement of James Cline in 2020. Previously, he had been the publicly traded composite decking and railing manufacturer’s executive vice president and chief financial officer. Trex products are sold through more than 6,700 retail outlets across six continents. Over the next five years, Trex hopes to double […]

Manufacturing 2025: LUCK IV, CHARLES ‘CHARLIE’
Manufacturing 25 September 2, 2025

Manufacturing 2025: LUCK IV, CHARLES ‘CHARLIE’

Representing the third generation of the Luck family at the helm, Charlie Luck IV became president of the 102-year-old crushed stone company in 1995 and additionally CEO in 1999. While studying at Virginia Military Institute, he officially joined the family business as a summer trainee. After graduating with a degree in civil engineering in 1983, […]

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

Banking | Finance 2025: BRANCH, VICTOR K.

With more than 40 years of service at Bank of America, Branch has been president of the bank’s Richmond market since 2015. Bank of America reported $27.1 billion in net income in 2024 and employs 213,000 people globally. The immediate past chairman of the Virginia Bankers Association board and a William & Mary alum, Branch […]

Manufacturing 2025: MINKKINEN, MARCUS
Manufacturing 25 September 2, 2025

Manufacturing 2025: MINKKINEN, MARCUS

In September 2024, Minkkinen succeeded Koen Knippenberg, who managed the plant for more than two years before being promoted to senior vice president of group truck operations for Volvo’s North America branch. A native of Sweden whose father and grandfather worked for Volvo, Minkkinen joined the company in 2004 as a trainee after receiving a […]

Manufacturing 2025: WERGE, ROB
Manufacturing 25 September 2, 2025

Manufacturing 2025: WERGE, ROB

In 2022, Werge became president and CEO of Cadence, a contract manufacturer of medical and drug delivery devices founded in 1985. He previously held leadership positions at Nypro (now Jabil Healthcare), where he led its consumer and electronics business for the Americas region and oversaw operations in India. He also was vice president and general […]

Manufacturing 2025: SMITH, ASHLEY B.
Manufacturing 25 September 2, 2025

Manufacturing 2025: SMITH, ASHLEY B.

Smith, the third generation of his family to lead the precast concrete company, became CEO in 2018 and board chairman in 2022. His grandfather, David G. Smith, founded the company in 1960 as Smith-Cattleguard, a nod to the company’s concrete cattleguard innovation. The publicly traded company now has manufacturing facilities in North and South Carolina. […]

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Top Stories

Port of Virginia nears finish of $450M dredging project

Federal employment, trade declined in 2025 in Virginia

Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemploym[...]

Gov. Glenn Youngkin announced LS Cable & System's plans for additional facilities in Chesapeake at the Patrick Henry Building in Richmond on Dec. 12, 2025. Photo by Katherine Schulte/Virginia Business.

LS Cable to add $689M factory in Chesapeake, creating 430 jobs

LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilitie[...]

Retail | Wholesale | Food | Beverage 2025: WEIHRAUCH, POUL

Mars completes $36B Kellanova acquisition

McLean-based candy and pet care giant Mars announced Thursday that it has completed its $36 billion [...]

Depositphotos

Avio USA picks Virginia for $500M solid rocket motor factory

Avio USA plans a Virginia solid rocket motor facility, committing up to $500 million to expand U.S. [...]

Eaton to invest $50M in Henrico expansion, adding 200 jobs

Eaton to invest $50M in Henrico expansion, adding 200 jobs

Eaton will invest over $50 million to expand its existing manufacturing footprint in Henrico County [...]

Stocks slip as S&P 500 pulls back from record high

University board fight ends; Spanberger to fill 22 seats

The legal battle between Gov. Glenn Youngkin and state Senate Democrats over university boards of vi[...]

People

Science Applications International Corp. (SAIC) has tapped Peraton executive Ravi Dankanikote to be chief growth officer. Photo courtesy SAIC

Peraton executive returns to SAIC as chief growth officer

17/12/2025

Theodore “Ted” Tanner Jr. will join Leidos as CTO in January. Photo courtesy Leidos

Leidos names AI chief technology officer

15/12/2025

Fritz Sassine. Photo courtesy Virginia General Assembly

Virginia legislature appoints new automated systems director

9/12/2025

Regions

The Hard Rock Hotel & Casino Bristol produced $13.18 million in gaming tax revenue for 14 localities. Photo courtesy Hard Rock Hotel & Casino Bristol

Bristol hopes for bigger share of casino tax

The Hard Rock Hotel & Casino Bristol this November marked its first year in its permanent facili[...]

June 2025 for the record

FOR THE RECORD December 2025

Central Virginia  Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have c[...]

Four cards and a stack of chips on a green felt table

Virginia casinos report $82M in October revenue

October gaming revenues for Virginia’s three casinos totaled $82.1 million, according to data the [...]

Virginia Intermont College campus owner modifies plans

Virginia Intermont College campus owner modifies plans

The owner of the former Virginia Intermont College in Bristol plans a new four-year school and mixed[...]


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