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Navy Federal Financial Group names chief operating officer
Navy Federal Financial Group, a wholly-owned subsidiary of Vienna-based Navy Federal Credit Union, announced Tuesday it has hired Diane Young as chief operating officer. She joins the group following the retirement of Patricia Wood, who had served in the role since 2015. Young most recently was a vice president for Goldman Sac[...]
Unmanned Systems Association of Va. names board chair
The New College Institute in Martinsville announced Tuesday that interim Executive Director Karen Jackson has been elected as board chair of the Unmanned Systems Association of Virginia (USAV). The association is a nonprofit coalition that promotes legal and regulatory framework for growth in the unmanned systems industry in Vir[...]
South Hampton Roads Bar Association names president
Vandeventer Black LLP attorney Michael D. Pierce has been named president of the South Hampton Roads Bar Association (SHRBA), the Norfolk-based law firm announced Tuesday. The minority bar association for the Hampton Roads area, SHRBA helps members develop professional skills and knowledge for their profession. Pierce joined the[...]
DXC Technology sells health care software business for $525M
Tysons-based Fortune 500 company DXC Technology announced Tuesday it would sell its health care software provider business to privately held Italian company Dedalus Group for $525 million in cash. The DXC software is used for hospital information systems, primary and social care, integrated care and diagnostics. “The sale of our health care provider software business […]
The Hilb Group acquires Mass.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Chatham, Massachusetts-based Eldredge & Lumpkin Insurance Agency Inc. (E&L). The transaction was effective July 1. Financial terms of the acquisition were not disclosed. E&L is a full-service agency that provides propert[...]
Portsmouth, Rush Street Gaming unveil casino renderings
After receiving pre-certification from the Virginia Lottery Board last week to operate a Virginia casino, Rush Street Gaming on Tuesday revealed more details about the proposed $300 million Rivers Casino Portsmouth, including the first renderings of the gaming, conference and hotel complex. The 400,000-square-foot Rivers Casino [...]
NCI names chief operating officer
Reston-based federal contractor NCI Information Systems Inc. announced Tuesday that Chuck Hicks has been promoted to chief operating officer in addition to holding his current position as chief financial officer. Hicks joined the company in 2019 and has been serving as acting COO since March. In his combined role, he will focu[...]
E-Trade stockholders approve $13B acquisition by Morgan Stanley
Arlington-based online brokerage E-Trade Financial Corp. announced that on Monday more than 99% of its stockholders approved its $13 billion acquisition by Morgan Stanley, which was first announced in February. E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each of their E-Trade shares as a result of the acquisition. The deal is expected to […]
Freddie Mac names VP multifamily investments, portfolio management
Tysons-based Freddie Mac announced Monday that Ling Xu has been promoted as the Fortune 500 company’s vice president of multifamily investments and portfolio management. In her new role, she will oversee market risk and capital strategy, as well as manage multifamily portfolio strategy, hedging and balance sheet management. Sh[...]
Navy Federal ranked No. 4 U.S. brand for customer experience
Big Four accounting firm KPMG announced Monday it has named the Vienna-based Navy Federal Credit Union No. 4 on its annual list of top 10 U.S. brands for customer experience excellence. The KPMG U.S. Customer Experience Excellence report identifies top-performing brands and industries in terms of customer experience based on a survey of approximately 11,000 […]
U.Va. Foundation names chief financial officer
The University of Virginia Foundation announced Monday that Brad Butler has been promoted to chief financial officer. Established in 1986, the foundation provides real estate, financial and administrative services to U.Va. Butler joined the organization in 1997 and has served as controller for the past 10 years. He replaces Pat [...]
Leonardo DRS lands $120M Navy contract
Arlington-based defense contractor Leonardo DRS Inc. announced Monday it has won a $120 million U.S. Navy contract to provide engineering design and test software for aircraft protection systems. The contract was awarded through the U.S. Naval Air Systems Command, and the project will be completed on the AN/AAQ-45 Distributed Aperture Infrared Countermeasure (DAIRCM). The DAIRCM […]
