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TowneBank president and COO retiring
TowneBank President and Chief Operating Officer Brad E. Schwartz will retire on Dec. 31, the Suffolk-based bank announced Wednesday. Schwartz will also step down as a director when his current term expires at the 2023 annual shareholder meeting. He will serve as a senior adviser through 2025 to assist with the transition. “Our[...]
Rivers Casino Portsmouth plans Jan. 15 opening
Rivers Casino Portsmouth will open to the public Jan. 15 at 3 p.m., according to an announcement Monday. The $340 million venue, part of a planned entertainment district along Victory Boulevard off Interstate 264, will feature 1,448 slot machines, 57 table games and 24 poker tables as well as 10 bars and restaurants and an even[...]
757 Angels to join VentureSouth network
757 Angels, a Hampton Roads angel investment group that matches venture capitalists with local entrepreneurs, is partnering with VentureSouth, one of the largest angel network groups in the United States, the group announced Friday. The partnership, effective June 2023, will provide more access to capital and investors to 757 An[...]
Dollar Tree adds four more execs
Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. has named four additional executives, the company announced Thursday. These hires are the latest leadership changes after a C-suite shakeup over the summer. Jennifer Bohaty will join as chief compliance officer, Terence Goods will be chief diversity officer, Jennife[...]
ARDX to invest $2.4M to relocate, expand in Norfolk
Health care management and IT consulting firm ARDX will invest $2.4 million to relocate and expand within Norfolk, a project expected to create at least 15 jobs, Gov. Glenn Youngkin announced Thursday. ARDX will move from Lake Wright Drive to 500 W. 21st St. to hire more staff and establish a division of health equity […]
CMA CGM America’s Ed Aldridge to retire
Ed Aldridge, president of CMA CGM America and American President Lines LLC, will retire on Dec. 6, and Peter Levesque, who was previously Ports America Group’s president, will take over those roles, the French container ship company announced Wednesday. Aldridge took over as president of CMA CGM America in 2020 and has bee[...]
Lottery Board approves license for Portsmouth casino
The Virginia Lottery Board unanimously approved the casino facility operator’s license for the Rivers Casino Portsmouth Wednesday. It was the second casino operator’s license issued in the state; the first was awarded in April to Bristol’s Hard Rock Hotel and Casino, which opened a temporary casino in July. Two[...]
Carnival to double trips from Norfolk, proposes year-round cruising
Carnival Cruise Line announced Monday it will more than double the number of cruises it offers from Norfolk in 2023 and is working toward year-round cruising from Norfolk in 2025. Stephen Kirkland, executive director of Nauticus, shared the news from Norfolk’s cruise terminal that overlooks the harbor where ships dock, adj[...]
ONE School of Public Health names inaugural dean
The proposed ONE School of Public Health has named its inaugural dean: Li-Wu Chen, a health sciences professor from the University of Missouri-Columbia with a background in rural health. Chen was selected following a national search and will start his new job March 10, 2023, Old Dominion University said in a news release Monday.[...]
Japanese warehouse company to build facility in Chesapeake
A Tokyo-based transportation and warehousing company will invest $14 million to establish a warehouse and distribution facility in Chesapeake, creating 25 jobs, Gov. Glenn Youngkin announced Thursday. Nakano Warehouse & Transportation Corp. will build a warehouse at 2200 Steppingstone Square in the Greenbrier North Commerce Park. It will be up to 78,400 square feet and […]
Rocket Lab announces December Va. launch window
Rocket Lab USA Inc. will launch the first U.S. mission for its Electron rocket from a launch pad on NASA’s Wallops Flight Facility in Accomack County during a 13-day window that opens Dec. 7. The company announced the Wallops launch Thursday. The mission, called “Virginia is for Launch Lovers,” will deploy sate[...]
Commonwealth Lodging hires corporate HR director
Virginia Beach-based Commonwealth Lodging Management has hired Claire Larkin as corporate director of human resources, the hospitality management and consulting firm announced Thursday. “Claire enjoys building strong relationships with clients and co-workers, often serving as a mentor and coach to help people grow in their car[...]
