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Smooth sailing for Virginia’s publicly traded companies, except Boeing
Overall, Virginia’s largest publicly traded companies saw 2024 as a successful year, reflecting the nation’s economic upswing of about 3% each quarter. Except for Boeing and “its ghastly record,” as George Mason University’s Terry Clower memorably said late last year about the Arlington-based Fortune Global 500 aerospace and defense giant. In January 2024, a Boeing […]
7 Va. companies make 2024 Fortune Global 500
Seven Virginia-based companies made Fortune magazine’s 35th Global 500 list, released Monday. Companies were ranked by total revenues for fiscal years ending on or before March 31. McLean’s Freddie Mac remained the commonwealth’s top-ranked company at No. 88 — up 45 spots from 2023. The government-sponsored home mortgage company reported net income of $10.5 billion […]
Retail | Wholesale | Food | Beverage 2023: GEORGE L. HOLM
Performance Food Group’s leader since 2008, Holm has worked for more than 40 years in the food service distribution industry. The Goochland-based corporation was ranked No. 91 on the 2023 Fortune 500 list, with $47.19 billion in revenue reported in fiscal year 2022, up from $30.39 billion in 2021. After holding leadership roles with Sysco, […]
Six Va. companies land spots on Fortune Global 500
Six Virginia-based companies have landed spots on Fortune Magazine’s Global 500 list, which was released Thursday and ranks the world’s 500 largest corporations by total revenue. Walmart Inc. took the top spot on the list, reporting $572 billion in revenue, retaining its top spot from last year. Amazon.com Inc. followed behind, rising a spot to […]
Performance Food Group promotes three executives
Goochland County-based Fortune 500 food products distributor Performance Food Group Co. promoted three senior leaders to executive vice presidents on Wednesday. Chief Information Officer Don Bulmer, Chief Human Resources Officer Erika Davis and General Counsel and Secretary Brent King became executive vice presidents of Performance Food Group. All three continue to report to the company’s [&hell[...]
Thinking big
At Virginia’s largest publicly traded companies, the past year has been a constant exercise in challenging the status quo. Some major changes could be seen at the consumer level, as Dollar Tree Inc. raised its namesake base price point to $1.25, and Capital One Financial Corp. eliminated overdraft fees for its banking customers. And the […]
Performance Food Group to build $80M facility in Hanover
Performance Food Group Co., the Goochland-based Fortune 500 food distribution corporation, plans to invest $80.2 million on a new facility in Hanover County, creating 125 jobs, Gov. Ralph Northam announced Thursday. The regional sales and distribution center will be housed in a 325,000-square-foot building in Ashland. “This new facility will be instrumental in advancing Virginia’s […]
