Navy Federal Credit Union has hired Amtrak’s chief technology officer, Sovan Shatpathy, to serve as its new CTO, leading the credit union’s information services department.
“Our ISD teams are behind nearly all of the technology our members and employees use,” said Navy Federal’s chief information officer, Tony Gallardy, in a statement. “Sovan’s experience will lend a fresh perspective to the credit union and help us continue to build on the service we’re known for.”
Shatpathy will be responsible for Navy Federal’s technology strategy, architecture, enterprise data, integration and software engineering services. Prior to working for Amtrak, Shatpathy spent nearly a decade at Cisco.
“I feel very connected to Navy Federal’s mission,” said Shatpathy. “It’s fulfilling to know our work positively impacts service members, veterans and their families.”
Established in 1933, Navy Federal is the world’s largest credit union, with more than 9 million members around the globe.
With almost 400,000 Virginians still unemployed due to the COVID-19 pandemic’s economic fallout, Gov. Ralph Northam has announced a temporary statewide moratorium on eviction proceedings in the commonwealth, to remain in effect through June 28.
“I am grateful to the Chief Justice for granting this order, and for the activists who have been working tirelessly on this important issue. Access to safe and stable housing is critically important, and this action will keep thousands of families in their homes as we work to get them the support they need,” said Northam, who requested the moratorium order in a June 7 letter to Lemons.
Details of the Governor‘s rent relief initiative, supported by federal CARES (Coronavirus Aid, Relief, and Economic Security) Act funding, will be announced in the next few weeks, according to a news release from Northam.
Virginia saw 5,853 new confirmed and probable COVID-19 cases over the last seven days, down from 7,671 new cases the prior week. The state had 85 new deaths from the coronavirus, down significantly from the week ending June 1, when 184 Virginians died from COVID-19.
The state’s COVID-19 case count stands at 51,251, with 1,477 Virginians dead from the coronavirus since the pandemic reached Virginia in early March.
These are the Virginia localities that have seen 400 or more cases, as of June 8:
Globally, there are 7.03 million reported COVID-19 cases and 403,267 confirmed deaths as of June 8. The United States, which has the most confirmed cases and deaths worldwide, has seen 1.94 million confirmed cases so far, with 110,514 deaths nationwide attributed to the coronavirus since February.
Chesterfield County-based PeakLogix, a national material handling systems integrator, has entered into a definitive agreement to be acquired by Michigan-based Alta Equipment Group Inc.
Terms of the acquisition were not disclosed.
Located in Midlothian, PeakLogix specializes in the design and installation of warehouse automation and storage systems. The company generated approximately $25 million in revenue and $2 million in operating income in FY2019.
“The PeakLogix acquisition is a great strategic fit for Alta,” said Alta CEO Ryan Greenawalt in a statement issued Tuesday. “The transaction is consistent with our strategy to grow our materials handling business, expand our geographic footprint and increase profitability through accretive acquisitions. PeakLogix will provide innovative, high technology products and service solutions across our materials handling business. We are excited to expand our scope and expertise in the fast-growing warehousing and logistics sector and to help these customers drive efficiency and productivity.”
In business for 35 years, Alta operates an equipment dealership with 43 locations across Michigan, Illinois, Indiana, New England, New York and Florida. It sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment.
Tysons-based Freddie Mac announced that Christian M. Lown will become the Fortune 500 company’s executive vice president and chief financial officer, effective June 15.
Previously the executive vice president and CFO for Navient Corp., Lown succeeds interim CFO Donald F. Kish, who will continue serving as Freddie Mac’s senior vice president, corporate controller and principal accounting officer.
“We welcome Chris Lown to Freddie Mac. His demonstrated success as a chief financial officer and strong background in the debt and equity capital markets and in mergers and acquisitions will be invaluable as we prepare our company to exit conservatorship,” said Freddie Mac CEO David Brickman in a statement. “I want to thank Donnie Kish for his steady and selfless leadership of our finance function during this transition.”
Lown said, “I am excited to join Freddie Mac as the company prepares for its next chapter and I look forward to working with such a talented management team and innovative company.”
Prior to joining Navient in 2017, Lown was managing director, financial institutions group at Morgan Stanley, where he co-led the Global FinTech and North America Banks and Diversified Finance investment banking practices. Lown holds an MBA from The University of Virginia’s Darden Graduate School of Business Administration, and a bachelor’s degree from Lynchburg College.
Federal Home Loan Mortgage Corp., better known as Freddie Mac, is a federal government-sponsored enterprise designed to expand the secondary market for mortages by purchasing mortgages from lenders, pooling them and selling them as motgage-backed securities to investors.
Much of Virginia will enter Phase Two of Gov. Ralph Northam’s “Forward Virginia” reopening plan on Friday, with restaurants and gyms able to offer limited indoor service, the governor announced during his Tuesday news briefing.
Northern Virginia and Richmond will remain at Phase One, however, Northam said, adding, “We need more time to monitor their health metrics.” Accomack County, which has seen an outbreak of more than 900 cases, mostly among poultry plant workers, has yet to enter Phase One but will be permitted to enter Phase Two on Friday, the governor said.
Northam cautioned, however, that the pandemic is not over, saying, “We are still safer at home. We still strongly encourage teleworking and physical distancing, and face coverings are [still] required in indoor spaces. … Virginians have all sacrificed to help contain the spread of this disease, and we must remain vigilant as we take steps to slowly lift restrictions in our commonwealth.”
Phase Two of reopening in Virginia will add increased flexibility for restaurants, gyms, sports, and some entertainment venues, including:
Restaurants can offer indoor service at 50% capacity
Gyms and fitness centers can hold indoor classes and workouts at 30% capacity.
Swimming pools can reopen with some restrictions.
Entertainment venues such as museums, zoo and botanical gardens can reopen with some restrictions.
Recreational sports will be allowed with physical distancing requirements and no sharing of sporting equipment.
Virginia had 46,239 confirmed and probable COVID-19 cases as of June 2, with 1,407 Virginians dying from the virus statewide since the pandemic began in early March.
Northam said he would provide more details about the Phase Two reopening plans during his Thursday news conference. The governor felt comfortable moving much of Virginia into Phase Two, he said, due to factors such as the fact that hospitals are no longer reporting shortages of personal protective equipment (PPE), hospital bed capacity remains steady, COVID-19 testing is increasing and, except for Northern Virginia, the percentage of positive tests statewide is trending downward.
Northam spent most of his Tuesday news conference addressing the widespread protests against racism and police violence that have taken place in Richmond and other cities across Virginia and the United States over the last few days.
“Our country is in a moment of turmoil and we have to talk about it. We all saw those horrifying images of George Floyd, a black man begging for his life as a man in uniform took it from him. It was heartbreaking,” Northam said. “But that is not a new heartbreak for black Americans. Before George Floyd, there was Breonna Taylor, there was Ahmaud Arbery, and there is a long list of names before them of people killed because in America the color of their skin means they are treated differently.”
The governor cited actions that he and the new Democratic majority General Assembly had taken in recent months to address racism and inequities, ranging from eliminating the state’s Lee-Jackson Day holiday, expanding health care coverage, making it easier to vote and making criminal justice reforms such as raising the threshold for felony larceny and decriminalizing marijuana possession.
Northam said that his administration would be taking several actions to show their responsiveness to resolving systemic racial inequities, including holding virtual town halls and meeting with the board of the Virginia Association of Chiefs of Police to encourage law enforcement agencies to pursue more diversity in hiring and more positive community interactions. Northam also will be working with community leaders to organize a statewide day of prayer, healing and action. He also said he will ask the Virginia African American Advisory Board, which he established as a gubernatorial advisory board in March 2019, to continue its work auditing the Code of Virginia with a focus on seeking changes needed to address inequities in criminal justice and public safety.
House Republican Leader C. Todd Gilbert, R-Shenandoah, and Senate Republican Leader Thomas K. Norment Jr., R-James City, issued a joint statement Tuesday, excoriating Northam’s response to the civil unrest.
“Today, Gov. Northam faced the people of Virginia for the first time since four days of protests, looting and vandalism struck our cities. Hundreds of people were arrested after rioters did untold amounts of damage to homes, businesses, and public property. At the same time, otherwise peaceful protesters were tear-gassed for no reason. And the best our governor could come up with was a half-hearted hope that people would stop being violent,” the statement read. “This governor is so paralyzed by his own confusing past on racial issues that he is incapable of effective leadership at this critical moment. Virginians need leadership. They need someone who will hear their voices and take action, someone who will simultaneously step up to ensure their homes and businesses are protected. Today, Gov. Northam has shown himself unprepared and ill-equipped to do any of those things.”
The Virginia Department of Health reported 45,398 confirmed and probable cases of COVID-19 on Monday, an increase of 791 from the previous day. There are 1,392 deaths, 17 more than on Friday, and 1,371 people who are positive or have test results pending are hospitalized in the state, according to the Virginia Hospital & Healthcare Association. Nearly 5,900 COVID-19 patients have been discharged from hospitals since the pandemic began.
The state saw an increase of 2,074 new coronavirus cases over the weekend.
The state’s 7-day positivity rate — 11.8% as of June 1, compared with the number of PCR tests conducted — continues to decline. Richmond saw its first significant positivity rate decrease over the last week, with 14.1% reported on May 27, down from 20.5% on May 17. Gov. Ralph Northam said the state will possibly move into Phase 2 of the “Forward Virginia” reopening plan this Friday, although he could delay it further if he deems it necessary.
These are the Virginia localities that have reported 400 or more cases, as of June 1:
Globally, there are 6.19 million reported COVID-19 cases and 372,501 confirmed deaths as of June 1. In the United States, which has the most confirmed cases and deaths worldwide, there are 1.79 million confirmed cases and 104,383 deaths attributed to the coronavirus.
Following nights of heated and violent nationwide protests in response to the police killing of George Floyd in Minneapolis, Gov. Ralph Northam has declared a state of emergency and activated the state National Guard to assist local law enforcement in quelling “escalating violence across the commonwealth.”
“This emergency declaration will provide the necessary support to localities as they work to keep our communities safe,” said Northam, citing civil unrest taking place over the weekend in Richmond, Roanoke and Prince William County. “There are many voices speaking out for justice and healing across the United States and in our commonwealth, but others are exploiting this pain and inciting violence.”
“The past two nights, we’ve seen what could have been peaceful protests turn violent and destructive,” said Stoney. “We’re taking these steps to promote lawful and safe demonstration and protect both people and property.”
While many protesters across the nation have been peaceful, there has also been looting, arson and violence taking place on streets in more than 30 cities, from Philadelphia to Los Angeles. Police across the United States have deployed tear gas, flash bang grenades and rubber bullets against protesters and members of the media, while protesters in several cities have lobbed bottles and rocks at police and set fire to police cars and other property.
Some downtown Richmond business owners boarded up shop windows following the May 30 protests and civil unrest.
According to the governor‘s emergency declaration, damage in Richmond has included “the burning of two buildings, vehicle fires, debris and dumpster fires, vandalism, looting and … damage to law enforcement vehicles. ”
The curfew in Richmond prohibits people from being present in any public place, including roadways, between the hours of 8 p.m. and 6 a.m. unless they are:
traveling to or from home, work or a place of worship;
hospital staff; members of the press;
state or city of Richmond employees or volunteers;
military personnel, including National Guard troops;
emergency medical transit workers; or other emergency workers.
Those caught violating curfew can be charged with a class one misdemeanor.
As coronavirus cases topped 5 million worldwide, Virginia saw a one-day jump of 1,229 new coronavirus cases, bringing Thursday’s statewide total of confirmed and probably COVID-19 cases to 34,137, according to the latest figures from the Virginia Department of Health (VDH).
There have been 1,099 deaths from coronavirus across Virginia since the pandemic reached the commonwealth in early March, with about 60% of those deaths occurring in long-term skilled care facilities and nursing homes.
While states across the nation are in various stages of reopening, COVID-19 cases are rising across the South, including in Virginia, which has seen a 14% increase in cases over the last week. Testing is also up in the commonwealth, with Gov. Ralph Northam stating during his Wednesday coronavirus news briefing that the state had surpassed its 10,000 tests per day goal earlier this week.
Thursday’s rise marks the third time in less than a week that Virginia has seen a rise of more than 1,000 cases per day.
Nearly 1,500 Virginians statewide are currently hospitalized with COVID-19, according to the Virginia Hospital and Healthcare Association, and 4,778 have been hospitalized and discharged since March.
These are the Virginia localities that have reported 400 or more cases, as of May 21:
Globally, there are 5.02 million reported COVID-19 cases and 328,639 confirmed deaths as of May 21. In the United States, which has the most confirmed cases and deaths worldwide, there are 1.55 million confirmed cases and 93,439 deaths attributed to the coronavirus.
While much of Virginia continues Phase One of Gov. Ralph Northam’s Forward Virginia reopening plan, Virginia reported a spike of 1,005 new COVID-19 cases Tuesday — the second time since Saturday that the commonwealth saw the daily number of confirmed and probable new coronavirus cases rise above 1,000.
The state now has 32,145 COVID-19 cases and there have been 1,041 deaths attributable to the coronavirus in the commonwealth, according to the Virginia Department of Health. About 1,500 Virginians are hospitalized with COVID-19 and nearly 4,300 have been hospitalized and discharged since the pandemic reached Virginia in early March, according to data from the Virginia Hospital and Healthcare Association.
About 59% of deaths attributable to COVID-19 in Virginia are related to outbreaks among patients in long-term, skilled-care facilities and nursing homes.
The Virginia locality with the most cases, Fairfax County, surpassed the 8,000-case mark Tuesday. Due to the growth rates of new cases, Fairfax and much of Northern Virginia have delayed implementing Phase One of the reopening until May 29, as have the city of Richmond and Accomack County.
These are the Virginia localities that have reported 400 or more cases, as of May 19:
Globally, there are 4.82 million reported COVID-19 cases and 319,031 confirmed deaths as of May 19. In the United States, which has the most confirmed cases and deaths worldwide, there are 1.5 million confirmed cases and 90,369 deaths attributed to the coronavirus. More than 20,800 people have died from COVID-19 in New York City.
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