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Finance | Insurance 2023: JAMES SCHENCK
Since becoming CEO in 2014, Schenck has led a period of growth for PenFed, the nation’s second largest federal credit union, with 2.9 million members. During his tenure, PenFed has grown its assets from $17.6 billion to $35.5 billion in 2022 and more than doubled its membership. The credit union reported $1.18 billion in 2022 […]
Finance | Insurance 2023: RICHARD FAIRBANK
With bachelor’s and MBA degrees from Stanford University under his belt, billionaire Fairbank began his path to a Fortune 500 corner office at Virginia’s Signet Bank. There, he teamed up with Nigel Morris, now managing partner of QED Investors, to co-found a credit card spinoff business that became Capital One Financial, one of the nation’s […]
Media 2023: DAVE LOUGEE
Lougee is no stranger to the world of mergers and acquisitions that have become part of the media business. In May, Tegna terminated its merger agreement with New York hedge fund Standard General when the financial agreements needed to fund the deal expired. In 2015, Gannett Co. spun off its broadcasting and digital business to […]
Federal Contractors | Technology 2023: PHONG LE
Le took the reins of MicroStrategy in August 2022 after its high-profile former CEO, Michael Saylor, stepped back to focus on cryptocurrency bitcoin. Founder Saylor, who continues as the independently owned company’s executive chairman, is still doubling down on bitcoin, as is MicroStrategy, which purchased about $347 million worth of bitcoin from April 29 to […]
Finance | Insurance 2023: JEAN STACK
In 2018, Stack, John Song and Alex Sevilla left the government services sector at California-based investment bank Houlihan Lokey to lead government services investment banking for Wisconsin-based Robert W. Baird & Co. Stack had worked 23 years at Houlihan Lokey, where she was a founding member of its Aerospace, Defense & Government practice. Her team […]
NoVa Forvis partner elected to nonprofit board
Rob Hartnett, a partner at the Tysons location of accountancy firm Forvis, has been elected to the Hedge Fund Association’s board of directors. Hartnett is a tax partner with Forvis’ asset management practice. The nonprofit Hedge Fund Association lobbies to advance transparency, development and trust in investments including hedge funds, private equity, venture capital, real […]
275 Va. companies make 2023 Inc. 5000 list
This year, 275 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, which Inc. magazine released Tuesday. Ranking at No. 34 overall, Goldschmitt and Associates LLC was the highest-ranking Virginia companies on the list. Founded in 1998, the Leesburg-based information technology company specializes in computer programming, systems design a[...]
MicroStrategy buys $347M more bitcoin in Q2
MicroStrategy Inc. and its subsidiaries purchased about $347 million worth of bitcoin — approximately 12,333 units — from April 29 to June 27, according to the Tysons-based tech company’s June 28 filing with the U.S. Securities and Exchange Commission. Believed to be the world’s largest publicly traded corporate holder of bitcoin, MicroStrategy and its subsidiaries […]
NoVa chamber inducts Deb Gandy as next chair
Deborah G. “Deb” Gandy, senior managing director at Chevy Chase Trust Investment Advisors, was inducted as 2023-2024 chair of the Northern Virginia Chamber of Commerce on Tuesday. Gandy, the first Black woman to chair the chamber, previously served as the chamber’s 2022-2023 vice chair and succeeds Matt McQueen, Peraton Inc.’s chief communications and engagement officer, […]
$5.4B Tegna sale is terminated
The deadline has expired on hedge fund Standard General LP’s $5.4 billion bid to acquire Tysons-based publicly traded broadcasting giant Tegna Inc. The largest owner of NBC affiliates, Tegna has 64 television stations in 51 U.S. markets and reaches 39% of all television households nationwide. The stalled agreement was terminated after the acquisition’s deadline expired […]
Katie Cristol to lead Tysons development nonprofit
Arlington County Board of Supervisors member Katie Cristol will step down early to take a job as the first permanent CEO of the Tysons Community Alliance, the Tysons community development nonprofit announced Tuesday. Cristol will assume the role on July 5, relieving acting CEO Richard Bradley. In October 2022, the Tysons Community Alliance replaced the […]
Cvent to be acquired in $4.6B deal
Tysons-based meetings and events software company Cvent Holding Corp. has agreed to be acquired by New York-based private equity firm Blackstone in a deal valued at about $4.6 billion, the company announced Tuesday. Under the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52% to the volume weighted average […]
