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Banking | Finance 2025: ADAMS JR., RICHARD M.
In 2022, Adams became the 14th CEO of United Bank, which was founded in 1839 and previously run by both his father and grandfather. Adams didn’t join the family business immediately after earning a law degree at Washington and Lee University. Instead, he went to work as an associate at law firm Bowles Rice. In […]
Manufacturing 2025: MOORE, JON
Since 2019, Moore has served as president and CEO of Philip Morris USA, the largest cigarette company in the United States with brands that include Marlboro and Virginia Slims. Morris has worked for parent company Altria Group since 2003, serving as vice president of its heated tobacco products division and director of marketing for NuMark, […]
Banking | Finance 2025: CASSADAY, STEPHAN Q.
Since Cassaday founded his Northern Virginia firm in 1993, it has grown from $40 million in assets under management to $6.3 billion. Today, Cassaday & Co. has 93 employees advising more than 3,100 households. Cassaday ranked No. 52 on Barron’s Top 100 Financial Advisors list. Last year, Cassaday & Co. was one of 10 financial […]
Manufacturing 2025: GOTTWALD, THOMAS E. ‘TEDDY’
NewMarket is the parent company of subsidiaries that specialize in petroleum additives and critical performance additives used in space launch and military defense applications. Gottwald, whose grandfather Floyd Gottwald’s Albemarle Paper Manufacturing purchased the Ethyl Gasoline Corp. in 1962, is a member of one of the nation’s wealthiest families. Ethyl, now called NewMarket, now ha[...]
Banking | Finance 2025: DAVIES, TED
In 2024, Davies came aboard as managing partner for Attain Capital, a private equity firm that invests in companies developing technology solutions and services for government and education clients. Additionally, Davies is a partner and chief strategy and organizational development officer for Attain Partners, a sister company that offers consulting services. Davies also is a senior […]
Manufacturing 2025: LEDESMA, DAVID
Ledesma became the plant manager of DuPont’s Spruance site in 2021 after serving in the same role at its facility in Buffalo, New York. Built in 1929 to manufacture rayon, DuPont’s Spruance site sits along the James River and is the largest of the company’s manufacturing facilities worldwide. Ledesma manages more than 2,000 employees, some […]
Manufacturing 2025: GIFFORD JR., WILLIAM F. ‘BILLY’
Joining the company at its subsidiary Philip Morris USA in 1994, Gifford became CEO of the Fortune 500 tobacco products manufacturer in 2020. Altria’s operating companies, in addition to Philip Morris USA, are U.S. Smokeless Tobacco, John Middleton, Helix Innovations and NJOY, as well as Horizon Innovations, its majority-owned joint venture with JT Group. In […]
Manufacturing 2025: FRIEDRICH, KAI
Friedrich joined Liebherr’s U.S. operations in 2021 as its managing director. In February, the Swiss equipment manufacturer announced Hirohito Imakoji has also been named a managing director of Liebherr USA and that he will work jointly with Friedrich, who is also the company’s managing director and divisional director of earthmoving and material handling technology. Out […]
Manufacturing 2025: JAIN, PRABHAT
Jain has been CEO of Virginia Transformer, the continent’s largest U.S.-owned power transformer manufacturer, since 1982 — 14 years after he arrived from India, mechanical engineering degree in hand. Over the past four decades, he has grown the company from 35 employees to more than 2,700 across six plants. Jain started as a machine shop […]
Power Reading: How to get on the Virginia 500
Welcome to the sixth annual edition of the Virginia 500 — Virginia Business’ 2025-26 list of the commonwealth’s most powerful and impactful leaders in business, nonprofits, government and higher education.
Health Care 2025: JACKSON, REESE
Since 2016, Jackson has led Chesapeake Regional Healthcare, which includes the Chesapeake Regional Medical Center and more than 40 practice locations, as well as about 600 physicians serving Hampton Roads. In early April, the hospital opened a psychiatric emergency room, the first on Hampton Roads’ south side, and at the end of the month, the […]
Hospitality | Tourism 2025: ALBRECHT, CHRIS
In 2022, Albrecht assumed his current post overseeing the Danville casino, which opened in December 2024. The $800 million Caesars Virginia resort, with 1,200 employees, is the third permanent casino to open in the state, although a temporary venue was previously in operation. The property includes more than 90,000 square feet of gaming space, with […]
