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Federal contractor Amentum to sell Rapid Solutions for $360M
Chantilly-based federal contractor Amentum announced Wednesday it has entered into a definitive agreement to sell its hardware and product business, Rapid Solutions, to Fortune 500 aerospace company Lockheed Martin for $360 million.
Dominion Energy shakes up senior executive responsibilities
Fortune 500 Utility Dominion Energy announced Wednesday it’s making major changes to the responsibilities for three senior executives, effective June 1.
SAIC appoints new CHRO
Reston-based Fortune 500 federal contractor Science Applications International Corp. announced Wednesday that it has appointed Kathleen McCarthy as its new executive vice president and chief human resources officer, effective May 12. She will report directly to CEO Toni Townes-Whitley and will spearhead all human resources initiatives, employee engagement strategies and talent acquisition operatio[...]
DXC Technology names new chief procurement officer
Fortune 500 global IT company DXC Technology announced Wednesday that it has appointed Anders Lange as chief procurement officer. In the role, Lange will lead the Ashburn-based company’s global procurement function, where he will spearhead transformation initiatives, including expanding artificial intelligence adoption to streamline processes and drive growth. He will report to James Walker,[...]
Dominion Energy proposes hefty rate hikes
Fortune 500 utility Dominion Energy is proposing a fuel rate increase and additional base rate increases which, if approved, could raise monthly power bills for average residential customers by as much as $21.43 by 2027. The Richmond-based utility proposed new base and fuel rates in separate filings with the Virginia State Corporation Commission on Monday. […]
Dollar Tree plans to sell Family Dollar to private equity firms for $1B
Chesapeake-based Fortune 500 discount retailer Dollar Tree has reached a deal with Brigade Capital Management, a New York-based global asset management firm, and Macellum Capital Management, an investment firm with headquarters also in New York, to acquire its Family Dollar brand for about $1 billion after a decade of trying to make its acquisition of […]
Virginia Fortune 500 company agrees to $11B buyout
Herndon-based Fortune 500 company Beacon Roofing Supply has agreed to an $11 billion buyout by Connecticut software and professional services company QXO after previously rebuffing a slightly lower offer from the same suitor. The two businesses have entered into a definitive merger agreement with QXO purchasing the building supply company for $124.35 per share in […]
Beacon Roofing is target of $11B acquisition bid
Herndon-based Fortune 500 company Beacon Roofing Supply is in discussions to be acquired by Connecticut software and tech services company QXO in a deal valued at about $11 billion. “It‘s not a done deal yet, but we’re in friendly discussions,” Joe Checkler, a spokesperson for QXO, said of the move to acquire Beacon, a roofing […]
Dollar Tree adds three new board members
Chesapeake-based Fortune 500 discount retailer Dollar Tree announced Friday that it has appointed three new members to its board of directors. The new board members include William “Bill” W. Douglas III, Timothy “Tim” Johnson and Dollar Tree CEO Michael C. Creedon Jr. “Bill and Tim are both esteemed financial leaders with a strong understanding of […]
DXC Technology promotes HR executive
Fortune 500 global IT company DXC Technology announced Thursday that it has promoted Jennifer Ragone to chief people officer. In the role, Ragone will lead the Ashburn-based company’s global hiring strategy. She was most recently vice president of business HR at DXC, which she joined in 2017 as vice president of human capital consulting, digital […]
Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]
