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Hampton University gets new CFO
Hampton University has tapped Robert Pompey as its new chief financial officer and senior vice president for business and finance, Hampton University President Darrell K. Williams announced April 16. As CFO, Pompey will oversee the HBCU’s financial operations, including budgeting, investments, financial reporting and long-[...]
BayPort Credit Union taps new CIO
Newport News-based BayPort Credit Union announced Tuesday that it has appointed Jonathan Harrell as chief information officer. “We are thrilled to welcome Jonathan to our team,” said BayPort President and CEO Jim Mears in a statement. “His passion for technology and his innovative approach to problem solving and effici[...]
$30M Chesapeake Square Mall redevelopment underway
Demolition began last week on sections of Chesapeake Square Mall as part of a $30 million redevelopment project of the 36-year-old indoor mall off Interstate 664 in Chesapeake. Stores are still open at the mall while Virginia Beach-based real estate development firm Kotarides is demolishing the former Burlington Coat Factory Spa[...]
Boar’s Head agrees to $3.1M settlement tied to recalled meat products
Boar’s Head Provisions’ recall of 7 million pounds of deli meat due to a deadly listeria outbreak last year, which put 60 people in the hospital and killed 10 others, has resulted in a class action lawsuit and a proposed $3.1 million settlement. The July 2024 outbreak originated at Boar’s Head meat production f[...]
Fitness center, library planned for former Military Circle Mall in Norfolk
Norfolk Mayor Kenny Alexander last week updated his city on plans to redevelop MacArthur Center mall and the former Military Circle Mall site. During his State of the City address on Friday, Alexander announced that Norfolk is planning a “state-of-the-art” fitness and wellness center and library for the east side of the city[...]
TowneBank to acquire Old Point in $203M deal
Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger, which is expected to enhance TowneBank’s position as the bank with the most market share in Hampton Roads, follows the April 1 completion o[...]
Newport News aims for summer music festival
Newport News is preparing to launch a major music festival this year to boost tourism and support area businesses. Mayor Phillip Jones says the city is currently trying to attract national talent and is reviewing applications from people and organizations wanting to help organize, partner with and promote the festival. Although [...]
Energy Department extends contract for operator of Jefferson Lab
The Department of Energy announced Thursday that Secretary of Energy Chris Wright has approved a 12-month extension of the contract for Jefferson Science Associates to continue managing and operating the Jefferson Lab in Newport News. Jefferson Science Associates is a limited liability company created by the Southeastern Univers[...]
Virginia Chamber’s DuVal to lead new ITA venture
Newport-News based government contractor ITA International announced Wednesday that Virginia Chamber of Commerce CEO Barry DuVal will be the new president and CEO of ITA Growth Partners, a newly created acquisition company designed to help ITA International expand. ITA International CEO Mike Melo said ITA Growth Partners will of[...]
Dollar Tree plans to sell Family Dollar to private equity firms for $1B
Chesapeake-based Fortune 500 discount retailer Dollar Tree has reached a deal with Brigade Capital Management, a New York-based global asset management firm, and Macellum Capital Management, an investment firm with headquarters also in New York, to acquire its Family Dollar brand for about $1 billion after a decade of trying to [...]
Construction of Virginia’s tallest building slated for April
LS GreenLink USA will begin constructing the tallest structure in Virginia next month. During Old Dominion University’s Maritime and Offshore Wind Conference on Tuesday, LS GreenLink USA’s managing director, Patrick Shim, revealed the company will break ground April 28 on its $680 million-plus offshore wind subsea ca[...]
Virginia Beach-based Groundworks names new president, COO
Groundworks, a Virginia Beach-based foundation and water management solutions company, has promoted two senior executives to president and chief operating officer. Michael Mullican, who joined Groundworks over a year ago as chief financial officer, has been named president and retains his CFO title, and Jeffrey Martin, most rece[...]
