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Broadened horizons
Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits. Large business | Sal Mancuso, executive vice president and CFO Altria Group Inc., Henrico County A first-generation college graduate whose father immigrated to this country from Sicily, Italy, as a teenager, Sal Mancuso believes it’s […]
‘A seat at the table’
Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits. Small business | Cynthia Macturk, CFO Fahrenheit Advisors, Richmond When Cynthia Macturk wants to consult with professional peers, she doesn’t have to go far. “Here, I have an entire in-house network of wonderful CFOs,” says […]
Lead on
Not long after D’Ivonne Holman became director of development for Northern Virginia family services nonprofit Britepaths in 2018, she signed up to participate in Leadership Fairfax, a leadership development organization focused on local and regional challenges in Fairfax County. Her boss, a Leadership Fairfax alum, encouraged her to apply. She was accepted into Leadership Fairfax’s [&h[...]
Out and about
Virginia Business held its 17th annual Virginia CFO Awards banquet at The Jefferson Hotel in Richmond on June 16. Sponsored by Truist and Brown Edwards, the event honored 51 CFOs from around the commonwealth, nominated in four award categories, representing a variety of for-profit businesses, nonprofits and government agencies. (See Pages 59-64 for the full […]
First National Bank to expand in NoVa, Richmond
FNB Corp., parent company of First National Bank, announced Wednesday it will expand its presence in Virginia, particularly in the Northern Virginia area. According to a news release, FNB expects to add four branches in Reston and Arlington by 2024, in addition to seven currently operating in the greater Washington, D.C., area. Also, FNB plans […]
Arko Corp. buys Quarles Petroleum
Richmond-based Fortune 500 convenience retail holding company Arko Corp. has acquired Fredericksburg-based Quarles Petroleum for $170 million, Arko announced Monday. Arko Corp. debuted this year on the Fortune 500 list at No. 498 and is the parent company of Richmond-based GPM Investments LLC, one of the nation’s largest convenience store chains. Quarles Petroleum is one […]
Richmond’s Maymont wins $8M tourism grant
Updated July 20, 2022 Maymont Foundation, which maintains and runs Richmond‘s Maymont park, was awarded an $8 million federal grant Tuesday to promote regional tourism, the U.S. Department of Commerce’s Economic Development Administration announced. With an additional $2 million in matching funds from the foundation, the EDA grant will be used for infrastructure improvements to [&helli[...]
Hardywood taps new president, CFO and brewmaster
Hardywood Park Craft Brewery, the state’s largest craft beer brewer, announced Thursday it has promoted Kate Lee as president. She previously served as vice president of operations and quality, and joined the Richmond-based brewery in 2014. Also promoted: Brian Nelson, vice president of production and head brewer, is now Hardywood’s brewmaster, and Doug Sulanke, formerly […]
Barkin: Inflation high, but Fed has tools to contain it
Tom Barkin agrees — inflation is too high. But he also says the Fed has the authority to get it back on the right track. That’s what the president and CEO of the Federal Reserve Bank of Richmond told the Richmond chapter of the Risk Management Association on Tuesday at Triple Crossing Beer, a brewery […]
VCU’s theater department receives $5M donation
Virginia Commonwealth University has received a $5 million donation from Charlottesville resident James H.T. McConnell Jr. for the Department of Theatre in the School of Arts, the university announced Thursday. The gift will create three endowed funds to promote education and social awareness and to examine social justice through the lens of theater, according to […]
ACI expands Hampton Roads footprint
Richmond-based Atlantic Constructors Inc. is expanding its presence in Hampton Roads with a new 39,000-square-foot facility in Suffolk and 75 new jobs, the company announced June 2. Previously, ACI had three small offices in Hampton Roads, and the company has consolidated two of them into a larger, more modern facility, a company spokesperson said. The […]
Richmond office building sells for $4.9M
A 13,288-square-foot office building in Richmond sold for $4.9 million, One South Commercial announced Thursday. Located at 4015 Fitzhugh Ave., the two-story building was built in 1954. The architecture firm 3North leases the building, which used to serve as the Boy Scouts of America headquarters. VA Wood Properties LLC bought the property from 1501WW LLC. […]
