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Eastern Virginia

Nov 21, 2024

Stephen Edwards tapped for national port association board

The American Association of Port Authorities announced Thursday that Stephen Edwards, CEO and executive director of the Virginia Port Authority, which runs the Port of Virginia, has been elected to a two-year term on the AAPA’s board. Members elected the board during the AAPA’s Oct. 28 convention in Boston, which had more th[...]

USS Wasp in Norfolk Ship Repair in June 2021. Photo courtesy BAE Systems.
Nov 21, 2024

BAE Systems lands $202M in Navy ship repair contracts

Falls Church-based BAE Systems Inc.’s Norfolk Ship Repair unit has received two U.S. Navy contracts worth a combined $202 million for maintenance, modernization and repair of two vessels. The U.S. arm of British defense giant BAE Systems announced the awards Monday. Its shipyard employees and their subcontractors will begin wo[...]

Shawn Tibbetts
Nov 19, 2024

Armada Hoffler’s next CEO to assume role Jan. 1

Shawn Tibbetts, Armada Hoffler Properties’ president, chief operating officer and CEO designate, will become CEO on Jan. 1, 2025, earlier than previously announced. The Virginia Beach-based real estate investment trust announced in February that it expected to name Tibbetts as CEO in spring 2025, upon current CEO Louis Haddad�[...]

Nov 15, 2024

Smithfield Foods to pay $2M to settle child labor claims

A subsidiary of Virginia-based Smithfield Foods has agreed to pay $2 million to settle allegations it hired children to work at a meat packaging plant in Minnesota. According to the Minnesota Department of Labor and Industry, Smithfield’s operation in Minnesota allegedly employed at least 11 children between the ages of 14[...]

Nov 7, 2024

If Trump cuts federal workforce, Warner predicts ‘disaster’ for Va.

U.S. Sen. Mark Warner said Thursday he hopes President-elect Donald Trump won’t pursue massive cuts and relocations in the federal workforce — because if he does, it would be a “disaster for Virginia’s economy,” particularly in Northern Virginia and Hampton Roads. “We would get hit worse than any [...]

Nov 6, 2024

Boykin retiring as NNS president; Wilkinson named as successor

Jennifer Boykin, the president of Newport News Shipbuilding, will retire at the end of the year, parent company Huntington Ingalls Industries announced Wednesday. Kari Wilkinson, the president of HII’s Ingalls Shipbuilding based in Mississippi and executive vice president of HII, will succeed Boykin in January. Boykin has [...]

Nov 4, 2024

Dollar Tree CEO Dreiling steps down, citing health

Rick Dreiling stepped down Sunday as CEO and board chairman of Chesapeake-based Dollar Tree, effective immediately, the Fortune 500 discount retailer announced Monday. Michael C. Creedon Jr., Dollar Tree’s chief operating officer since 2022, was named interim CEO. He previously held executive positions at Advance Auto Part[...]

Oct 30, 2024

FOR THE RECORD NOVEMBER 2024

CENTRAL VIRGINIA Altria Group and Virginia Commonwealth University are discussing the possibility of the university buying the 450,000-square-foot Altria Center for Research and Technology in downtown Richmond, the two parties acknowledged in October. The East Leigh Street building is assessed at $275 million. If the deal comes to fruition, Altria plans to build a new […]

Oct 30, 2024

What’s behind Hampton Roads’ outmigration?

Young people have been leaving Hampton Roads in recent years, and area leaders say learning why is the first step toward fixing the problem. A June survey conducted by the Hampton Roads Workforce Council, Hampton Roads Executive Roundtable and Richmond-based Fahrenheit Advisors found that 25% of 511 residents surveyed said they [...]

Oct 25, 2024

Breeden promotes five property management employees

The Breeden Co. has promoted five employees in its property management division, the Virginia Beach-based real estate company announced Thursday. The five employees are Rachel Blanchard, Lisa Capps, Sheena Obermark, Tiffany Rote and Samantha Schuman. Blanchard, who was previously a project manager, has been appointed director of[...]

Oct 25, 2024

SEC, Hampton managing partner of BFM Fund settle charges

The Securities and Exchange Commission settled charges in early October against a Hampton-based managing partner of The BFM Fund and a limited liability company for allegedly breaching their fiduciary duties and misleading investors. Himalaya Rao-Potlapally of Hampton is a managing partner of Portland, Oregon-based BFM Fund, a s[...]

Oct 24, 2024

GD subsidiary in Norfolk wins potential $123.3M contract

General Dynamics NASSCO, a Norfolk subsidiary of Reston aerospace and defense giant General Dynamics, was awarded a U.S. Navy contract worth up to $123.3 million last week for maintenance, modernization and repair of the USS Porter destroyer during fiscal 2025.  The base amount of the firm fixed price contract to General Dynam[...]

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