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Manufacturing 2023: BRYAN FAIRBANKS
In 2020, Fairbanks became president and CEO of publicly traded composite decking and railing manufacturer Trex, one of Fortune’s 100 fastest-growing companies that year. For fiscal year 2022, benefiting from a pandemic-era increased demand in home improvement, Trex brought in more than $1.1 billion, expanding distribution in Texas and launching a new decking line. In […]
Manufacturing 2023: M. SCOTT CULBRETH
Culbreth began working for cabinets manufacturer American Woodmark in 2014 as chief financial officer and was named president and CEO in 2020. The company’s cabinet brands include American Woodmark, Shenandoah Cabinetry, Timberlake Cabinetry and Waypoint Living Spaces. In April, American Woodmark reported its net sales increased 11.3% year-over-year in fiscal 2023 to $2.06 billion. Last [&hellip[...]
Hokie-hatted host
You can “take the boy out of Winchester, but I don’t think you can take Winchester out of me,” says Brian Sullivan, the anchor of CNBC’s new evening business and financial news roundup show, “Last Call.” The one-hour show, which broadcasts from CNBC’s global headquarters in New Jersey on weeknights at 7 p.m. EST, premiered […]
Here to stay
Composite decking and railing manufacturer Trex Company Inc. has called the Winchester community home for more than 25 years, so when it came time for the company to construct a new global headquarters, Winchester was top of mind. “Trex was already based in the area, so they were familiar with the city and approached us […]
A time to build
The Shenandoah Valley Partnership had more economic development activity than “anyone anticipated in 2022,” says Jay Langston, the partnership’s executive director. During the calendar year, the partnership saw close to $140 million in investment and 520 jobs. In Fishersville, Amazon.com Inc. is building a $120 million, 1 million-square-foot nonsortable fulfillment center, which handles bu[...]
YHB chooses next CEO
Winchester-based accounting and consulting firm Yount, Hyde & Barbour Principal Tom Milburn will become the firm’s CEO on Oct. 1, succeeding CEO Scott Moulden. YHB announced Milburn’s election by its board on Tuesday. “As part of our new strategic plan, the YHB board recognized that there is value to identifying the next CEO ahead of the […]
State industrial fund awards $24.7M to projects
The governor announced more than $24.7 million in Industrial Revitalization Fund grants going to construction projects across Virginia on Tuesday, including Danville’s White Mill, South Boston’s John Randolph Hotel and other historic properties. “The transformation of older, vacant or blighted structures into productive, usable spaces is crucial to catalyzing economic growth to creat[...]
Fed’s Barkin asks, ‘What’s ‘normal’ anymore?’
The question Tom Barkin is asked the most these days is when the economy will return to normal. The president and CEO of the Federal Reserve Bank of Richmond has a caution for those who may be wishing for the perceived stability of the pre-pandemic economy. “After two-and-a-half years of instability, we’re all ready to […]
New hangars, terminal in Winchester airport’s sights
This month, the Winchester Regional Airport will open the first group of hangars for midsize private aircraft, a public-private project that could end with 32 new units, bringing the airport’s total number of hangars to 100. The multiphase, potentially $20 million project is a partnership between the Winchester Regional Airport Authority and Purcellville-based TMG Construction […]
Virginia Realtors elect Winchester broker as prez
Virginia Realtors, the state’s largest trade association, has a new president and slate of officers for 2023. Katrina M. Smith, of the Blue Ridge Association of Realtors, will lead the group for the next year. She is the broker and owner of RE/MAX Synergy in Winchester and has been a Realtor since 2005. She led […]
Shenandoah University creating tech hub
Shenandoah University is connecting the future to the past. It’s renovating an armory on its main campus in Winchester where National Guard soldiers once trained before D-Day, turning it into a Hub for Innovators, Veterans and Entrepreneurs — the HIVE. “This building will be a game changer for economic development in the Northern Valley and […]
YHB to acquire Md. accounting firm
Winchester-based accounting and consulting firm Yount, Hyde and Barbour (YHB) will acquire Maryland-based firm Glass Jacobson PA on July 1. Financial details of the transaction were not disclosed in Wednesday’s announcement. “We are excited to welcome the Glass Jacobson team to the YHB family,” YHB Managing Partner Scott Moulden said in a statement. “We expect […]
