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Lynchburg

Liberty University Freedom Tower
Mar 1, 2023

Liberty to pay off $189M in bonds early

Liberty University plans to pay off more than $189 million in taxable bonds next month, according to paperwork filed Wednesday by the Bank of New York Mellon Trust Co. NA. The prices will be set March 31, which will include accrued interest. Liberty issued a $100 million bond in 2012 with a 5.1% interest rate, […]

Feb 27, 2023

Building blocks

If you ask economic development officials in Central Virginia about 2022, they might respond with a familiar slogan: “Everything is awesome.” With almost 5,000 announced jobs and $1.6 billion in capital investment, the Richmond region had one of its best years in the last two decades. By October 2022, the region recovered 100% of jobs […]

Jan 30, 2023

Lynchburg area needs more industrial sites

Megan Lucas knows all too well that no product means no project in economic development, especially when it comes to pad-ready sites and move-in-ready buildings. The lack of pad-ready sites and industrial spec buildings in the Lynchburg region is the major reason the area has missed 65 economic development opportunities that could have brought as […]

Jan 24, 2023

Framatome CEO retiring; CFO to be promoted

Framatome Inc. President and CEO Gary Mignogna will retire July 1, and Chief Financial Officer Katherine Williams will succeed him, the Lynchburg-based nuclear reactor and fuel company announced Tuesday. Mignogna will become chairman of Framatome Inc.’s board upon his retirement. Williams, who will continue to serve as CFO, has worked for Framatome, a French nuclear […]

Jan 4, 2023

BWXT names general counsel

Lynchburg-based BWX Technologies Inc. has promoted Ronald O. “Chip” Whitford Jr. to senior vice president, general counsel, chief compliance officer and corporate secretary, the Fortune 1000 federal contractor announced Wednesday. The promotion was effective Tuesday. Whitford, who joined BWXT in 2017 and has most recently served as vice president, deputy general counsel and assistant c[...]

Jan 3, 2023

BWXT names chief digital officer, SVP

Lynchburg-based Fortune 1000 federal contractor BWX Technologies Inc. has named Omar Meguid senior vice president and chief digital officer, the company announced Tuesday. Meguid’s position was effective Jan. 1. He is responsible for BWXT’s digital platform supporting business operations in the United States, Canada and the United Kingdom. The role is a new position within […]

Dec 29, 2022

Virginia 500 Spotlight: Rex D. Geveden

CEO and president, BWX Technologies Inc. Lynchburg BEST ADVICE YOU HAVE TO GIVE TO OTHERS: Write and track your life goals — family, financial, career, experiential, spiritual, etc. I’ve been doing this for 35 years. WHAT WAS YOUR FIRST JOB? My first real job was systems analyst at Teledyne Brown Engineering. PERSON YOU ADMIRE AND […]

Dec 7, 2022

BWXT begins production of fuel for 1st U.S. microreactor

Lynchburg-based BWX Technologies Inc. has begun producing the nuclear fuel that will power the first microreactor built and operated in the United States, the company announced Wednesday.  BWXT will manufacture a nuclear core for Project Pele under a $37 million award from the Idaho National Laboratory, as well as tristructural isotropic particle fuel, known as […]

Sep 9, 2022

Lynchburg apartments sell for $8.15M

The Gish Flats Apartments in Lynchburg have been sold for $8.15 million, Colliers announced Tuesday. The two buildings at 317 5th St. include 66 units. Eight 8 Properties LLC purchased the apartment buildings from Gish Flats LLC. Gish Flats, near downtown Lynchburg, underwent renovations in 2016, according to Colliers. Charles Wentworth, Garrison Gore, G.S. “Hank” […]

Aug 22, 2022

BWX Technologies hires new chief admin officer

Lynchburg-based BWX Technologies Inc. has hired Robert “Bob” Duffy as its senior vice president and chief administrative officer, the nuclear components and fuel supplier announced Monday. He starts Aug. 29. Duffy will take the place of Rick Loving, BWXT’s current chief administrative officer, who announced his retirement after 43 years with the company. Duffy previously [&hellip[...]

Jerry Prevo
Aug 10, 2022

Liberty launches search for new president

Liberty University announced Wednesday that it has hired an Atlanta-based executive search firm to find its next president, who will succeed Jerry Prevo, the longtime board chair who became the Lynchburg private Christian institution’s interim president after Jerry Falwell Jr. stepped down amid scandal in August 2020. “President Prevo has been a gift from God […]

Aug 4, 2022

BWXT appoints new president of nuclear operations

The new president of BWX Technology’s Nuclear Operations Group Inc. spent three decades working for the Navy as a civilian. Sharon H. Smoot started her new position Aug. 1. She is responsible for the BWXT subsidiary’s mission to provide a range of nuclear components and services, including manufacturing reactor components for Navy submarines and aircraft […]

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