Davis, who has been with Kaufman & Canoles since 1997, succeeds William R. Van Buren III in his role as president. Van Buren has served as the firm’s president and chairman for 16 years and will remain chairman.
“I am humbled and honored that my colleagues have the confidence to allow me to continue in the footsteps of my mentor and friend,” Davis said in a statement. “Under Mr. Van Buren’s leadership, our firm has become a leader in the legal industry, and I expect our growth only to accelerate in the coming years.”
Davis has been a member of the firm’s executive committee and is co-chair of its health care team. In his practice, he represents and advises hospitals, physicians, long-term care facilities and other health care providers. Davis holds a bachelor’s degree from the University of Virginia and a law degree from William & Mary Law School.
Under Van Buren’s tenure, Kaufman & Canoles extended to the Raleigh, North Carolina, market and became a member of TerraLex, an international network of law firms. The firm also received the Civic Leadership Institute’s 2019 corporate Darden Award, recognizing leadership in regional cooperation.
Additionally, the firm elected L. Scott Seymour, chair of its business taxation practice group and co-chair of its mergers and acquisitions group, and re-elected Nicole J. Harrell to its executive committee. Harrell will also serve as executive vice president of practice management, a role in which she will oversee the firm’s practice groups. Paul W. Gerhardt, managing director of the firm’s Richmond office, will also remain on the executive committee.
“As we continue to expand on our successes in Virginia and North Carolina, we are dedicated to providing our clients with excellent client service and coordinated teamwork managed by some of the best leaders at the firm,” Van Buren said in a statement. “I look forward to stepping back from my management role and continuing to be deeply involved in the firm’s mergers and acquisitions and health care practices and its ongoing business development efforts.”
Created by the merger of two law firms in 1982, Kaufman & Canoles had 92 lawyers in Virginia as of Jan. 1.
Attorney Kelsey A. Bagot was sworn in Monday as the newest judge on the Virginia State Corporation Commission, filling its three-commissioner bench for the first time since March 2022.
The SCC’s panel was short two judges after the December 2022 resignation of Judge Judith Jagdmann, and nominations were held up by partisan politics. In March, Samuel T. Towell was sworn in as a judge, joining Judge Jehmal T. Hudson, the commission’s chair. Bagot, a former legal adviser with the Federal Energy Regulatory Commission who lives in Loudoun County, rounds out the panel with her swearing-in ceremony held Monday. Her six-year term is set to expire Jan. 31, 2030.
The SCC governs utilities, state-chartered financial institutions, securities, insurance, retail franchising and the Virginia Health Benefit Exchange.
Angela Navarro, the state’s former deputy secretary of commerce and trade, was appointed as a judge in January 2021, replacing Mark Christie, the former SCC chairman, who was appointed to the Federal Energy Regulatory Commission in 2020. However, Navarro left office in March 2022 after Republican state legislators declined to elect her to a full term, and the split General Assembly was unable to come to an agreement on a replacement for Navarro in 2022.
SCC judges are named by state legislators or, if they can’t agree on a candidate, the governor can name a commissioner on a temporary basis, although the state Senate and House of Delegates must elect a judge to a six-year term.
Bagot was most recently a senior attorney at NextEra Energy, and was legal adviser to Christie during his tenure at FERC. She also was an associate at Troutman Sanders and Van Ness Feldman, and earned degrees at American University and Harvard Law School. She’s the SCC’s 39th commissioner.
Richmond-based Atlantic Union Bankshares completed its acquisition Monday of Danville-based American National Bankshares, parent company of American National Bank and Trust. Based on the $35.31/share closing price Thursday of Atlantic Union common stock, the transaction value was approximately $507 million, according to Atlantic Union’s news release Monday.
The deal was announced in July 2023, and in February, the Federal Reserve’s Board of Governors approved the acquisition, allowing the deal to close Monday. Under the terms of the merger, American National shareholders will receive 1.35 shares of Atlantic Union common stock in exchange for each share of American National common stock, with cash paid in lieu of partial shares.
Also, former American National board members Nancy Howell Agee and Joel R. Shepherd have been appointed to the boards of Atlantic Union Bankshares and Atlantic Union Bank.
“We are excited to have the American National team officially join Atlantic Union Bank,” John C. Asbury, president and CEO of Atlantic Union, said in a statement. “Together, our banks have more than 200 years of experience serving the needs of local communities throughout the mid-Atlantic region. We look forward to bringing new products and services to American National’s clients, and we believe this transaction will help enable us to deliver sustainable long-term shareholder value.”
According to Monday’s announcement, the combined bank has $24.3 billion in total assets, $19.4 billion in deposits and $17.9 billion in total loans, based on unadjusted records from Dec. 31, 2023.
Asbury said in February that he expected to close seven branches total, including American National’s office in Christiansburg, which is within line of sight of Atlantic Union’s branch. In Rocky Mount, Atlantic Union’s downtown branch office will close, but the combined bank will keep American National’s Rocky Mount branch open because it is more active. A drive-through teller office at the shuttered downtown location will stay open, Asbury said. Other branches that are being consolidated are in West Salem, Cave Spring, Lynchburg, Danville and Greensboro, North Carolina.
As of Monday, Atlantic Union has 135 branches and approximately 150 ATMs throughout Virginia and parts of Maryland and North Carolina.
The past four years have been rough on Liberty University’s reputation, judging by the sheer tonnage of negative press that the Lynchburg-based evangelical education powerhouse has received.
But with a $2 billion-plus endowment and one of the nation’s largest private, nonprofit college enrollments, Liberty appears to be not only surviving but thriving, even amid embarrassing media stories about its former president and chancellor, Jerry Falwell Jr., as well as far more serious allegations brought by 22 former students and employees who claimed in the 2021 “Jane Does” lawsuit that Liberty officials discouraged them from reporting sexual assaults to authorities.
In 2022, the university settled with all but two of the Jane Doe plaintiffs for an undisclosed amount, but there’s been further turmoil branching from the class-action suit and a 2021 ProPublica exposé in which some plaintiffs went public with their names and stories.
In March, the U.S. Department of Education settled with Liberty, imposing a record-shattering $14 million fine against the university and issuing a 108-page report detailing thousands of violations of the federal Clery Act, which governs the public reporting of criminal incidents on university campuses accepting federal financial assistance funding.
According to the investigation, Liberty either omitted or incorrectly reported 93% of all 3,673 criminal incidents that allegedly took place on university-owned property from 2016 to 2023. More than 1,400 reports of rape, aggravated assault, stalking, domestic violence, hate crimes and other, less serious crimes like liquor law arrests and burglaries were kept off police incident logs and away from the public eye. Liberty’s fine is nearly $10 million more than the DOE’s second-highest penalty, $4.5 million, assessed against Michigan State University in 2019 following its gymnastics sexual abuse scandal.
Financially speaking, $14 million is hardly a crippling blow to the well-resourced Liberty, but what about its reputation among evangelical Christians, including prospective students and faculty members?
Consistent growth
It’s still too soon to know what, if any, impact the U.S. Department of Education’s record penalty will have on Liberty’s application and enrollment numbers, but Provost Scott Hicks says the Jane Doe class-action lawsuit and Falwell Jr. scandals have not had a significant negative impact on Liberty’s growth.
By any business measure, the university remains a booming success, with the state’s largest enrollment this academic year — approximately 98,000 undergraduate and graduate students, including about 83,000 online enrollees, according to the State Council of Higher Education for Virginia (SCHEV). In fall 2023, Virginia’s headcount of all college students grew by 15,273, and Liberty alone was responsible for 5,255 of those students, or nearly 35% of that growth, according to Tod Massa, SCHEV’s policy analytics director.
In the 2022-23 academic year, Liberty accepted $879 million in federal student aid funds, a revenue stream that could be in jeopardy if the DOE determines Liberty hasn’t ceased violating the Clery Act.
But in terms of growth, “we’ve been pretty resilient,” Hicks says. “We either get it right or wrong, and just like any other company … we try to get it right and improve upon it.”
The word “company” is not a slip of the tongue, notes the provost, who was director of retail operations for Mansfield Oil Co. before joining Liberty as a professor in 2007, later becoming dean of its business school. With more than 8,000 local employees, Liberty is Lynchburg’s largest employer.
“We operate more like a business that you would see around the city or throughout the country, versus academia,” Hicks says. “Residentially, we do have chairs, and we have deans and things like that. We have subject-matter experts, we have program directors. …The professors are coming together to not only add value to the learning experience, but also they hold it accountable. So, when you look at the way that we’re structured operationally, it enables us to deliver the value that people would expect from the [Liberty] brand.”
Meanwhile, residential enrollment at Liberty remains steady at about 15,000 students, Hicks says, and he estimates the school’s total 2024 enrollment — including part-time, nondegree remote students — will reach between 138,000 to 140,000 by the end of the year. To teach those students and “train champions for Christ,” as its mission says, Liberty employs more than 4,500 faculty members, many of whom are based outside of Lynchburg and teach online classes.
By August or September, Hicks anticipates rolling out a strategic plan for online and residential education, in which he expects Liberty “to continue to grow and continue to build.” Two major areas of focus are cybersecurity and health care courses, which are in high demand.
Hicks says that although Liberty’s remote work is attractive to prospective educators, the school has to compete for professors who teach in-demand subjects — as well as making sure they’re on board with Liberty’s Christian ethos.
“Liberty is a very unusual academic institution, compared to most. We’re Christian,” he says. “And we’re predominantly conservative in our thinking. That doesn’t mean that every person here is a conservative thinker, and that’s OK. But they believe in a moral absolute, and for the most part, that’s what drives them.”
‘A giant facelift’
Dustin Wahl, too, thinks Liberty will continue growing, although he has a different take on that than university officials.
A 2018 Liberty graduate, Wahl co-founded alumni group Save71 in 2020 to advocate for reforms at his alma mater, including pushing for Falwell’s resignation and an overhaul of the university’s board of trustees.
“There’s a lot of people in Liberty’s administration that breathed a sigh of relief when [Dondi Costin] became president, because it’s like, ‘OK, we can kind of become normal,’” Wahl says.
A retired Air Force major general who was the branch’s chief of chaplains, Costin earned two degrees at Liberty and was most recently president of Charleston Southern University in South Carolina. In July 2023, he started as Liberty’s president.
Costin succeeds Jerry Prevo, Liberty’s former longtime board chairman, who stepped in as interim president after Falwell’s departure in August 2020 amid revelations of a sex scandal involving his wife, Becki Falwell, and an erstwhile Miami pool boy. Falwell has since sued Liberty twice in federal court, seeking $8.5 million in retirement compensation and to bar the university from using the name and likeness of his father, Liberty’s founder, the late Rev. Jerry Falwell Sr., for a new campus center. Liberty is suing the younger Falwell for $10 million in a breach of contract suit in Lynchburg Circuit Court.
“Liberty essentially got a giant facelift” with Costin’s appointment, Wahl says. “As a leader, Dondi Costin is dramatically different from Falwell and Prevo. He’s qualified to oversee a large academic institution. He has experience working within institutions. He’s way less prone to scandal.”
Also, the school’s increased prominence in Republican national politics and partisan culture wars, especially since Falwell’s January 2016 surprise endorsement of Donald Trump, has changed the character of the student body, making it less vulnerable to external slings and arrows, Wahl asserts.
“Christians who … aren’t really into politics and just kind of want to go to a Christian school, that group has shrunk, and more and more of them are not enrolling [at Liberty],” he says. “On the other side, you have more people from Trump country, and Liberty puts its ads on Fox News. That’s who they’re going for, so you have more of those people. They don’t care about what the Department of Education says. In terms of overall enrollment, I don’t think [the fine is] going to make a real impact.”
Although Falwell was careful to make the Trump endorsement on his own behalf and not the university’s, his post as president of Liberty caused some conflation between the two, Liberty General Counsel David Corry says. “I don’t think we stepped over a legal line [as a nonprofit, 501(c)(3) entity] … but there’s a heavy price to be paid for being so closely identified with a polarizing political figure like that.”
Prevo did not endorse a candidate in the 2020 presidential election, and Corry expects Costin to maintain the same course in 2024.
Nonetheless, Liberty still plays an outsize role in conservative political discourse. U.S. Sen. Marco Rubio spoke at a Liberty convocation last October, and Costin has made several statements in support of Israel following Hamas’ Oct. 7, 2023, surprise attack on Israeli civilians near the Gaza border.
After The Washington Post’s October 2023 story based on a leaked, preliminary version of the Clery Act report about Liberty, Costin chose to respond on Fox News.
DOE investigators, Costin said then, are “claiming that we acted in bad faith. I think there are a number of factual errors in the report … and [Liberty hasn’t] had the opportunity to respond in a way that would allow us, at least in a public setting, to counter these assertions that have been made with factual errors.”
Corry, Liberty’s general legal counsel since 2011, takes a similar rhetorical approach, highlighting the $10 million Liberty has spent on improved campus lighting and hiring more Title IX and Clery Act staff since 2022 — while also implying that politics may have played a role in the DOE investigation of the university.
U.S. Sens. Tim Kaine and Mark Warner, “bless their hearts, asked the Department of Ed. to come after us, and so the department started that Clery review,” Corry says.
Warner and Kaine, both Democrats, did in fact call for the DOE to investigate Liberty’s handling of sexual misconduct claims in November 2021 after ProPublica’s report came out, according to the senators’ offices.
In a statement following Liberty’s $14 million fine, Kaine and Warner called their investigation request “a reasonable step to ensure student safety. Liberty has entered into a voluntary settlement of the claims, and the senators expect that the terms will be honored by all parties.”
Liberty’s public statement in March also included some defiant words, alleging that the university “repeatedly endured selective and unfair treatment by the Department [of Education].”
But it also had notes of humility, as the university acknowledged “numerous deficiencies that existed in the past. We acknowledge and sincerely regret past program deficiencies and have since corrected these errors with great care and concern.” The statement concluded with a declaration: “It is a new day at Liberty University.”
Costin twice canceled scheduled interviews with Virginia Business for this article, and Liberty’s spokesman said he would not be available for an interview before the April 2024 issue’s print deadline.
Previously president of Charleston Southern University, Dondi Costin became Liberty’s sixth president in July 2023. Photo courtesy Liberty University
Moving forward
S. Daniel Carter, a Tennessee-based campus safety expert who helped craft the current version of the Clery Act established in 2015, says Liberty was not singled out over its evangelical Christian prominence or its conservative Republican Party affiliations.
“The people who conducted this [DOE] review are people I’ve worked with for decades,” he says. “They are not political appointees. They have, year in [and] year out, taken methodical steps to enforce the Clery Act at all kinds of institutions, including many smaller religious institutions, over the years.”
The DOE’s 2010 finding that Liberty was not reporting crime statistics appropriately — as cited in the 2024 report — and Liberty’s failure to implement a reporting system in the intervening years were much more relevant factors, Carter says.
If there is a religious influence on the Clery Act, he adds, it has to do with the school’s strict code of conduct, known as the Liberty Way, which forbids use of alcohol, requires modest dress and prohibits “sexual activity, inappropriate personal contact, any state of undress in inappropriate circumstances, or spending the night with a member of the opposite sex.”
Carter, who advised one of the Jane Doe plaintiffs, says he views the school’s code of conduct as “inextricably linked” with the sexual assault allegations made against former Liberty students and a senior administrator in the Jane Doe lawsuit and referred to in the DOE report. Some plaintiffs claimed that the school rules were “weaponized” against students who wished to report sexual assaults by leading them to believe they would get in trouble for violating the code of conduct.
“The Liberty Way,” Carter says, “was simply at odds with the Clery Act’s requirements. To the extent that there is any religious nexus, that’s it. The law is clear. The law does not allow a federally funded institution of higher education to … afford students and employees who report sexual misconduct any less protection than any other institution. And that’s what this report finds happened, and Liberty, as part of their settlement, does not contest that.”
Corry disputes the argument that the Liberty Way was used to discourage students from reporting sexual assaults, although he acknowledges that the school could have done more to educate students on the issue.
“People just weren’t getting the message that that isn’t the way we do business,” Corry says. “A lot of old rumors and old wives’ tales and old, ‘Hey, be careful, word to the wise’ stuff … gets passed down and accepted as truth. Lore can undermine your desire to have an open [sexual assault reporting] process, where people feel like they will be respected. It is trauma-informed. It is open, and we’re not going to play ‘gotcha’ with curfew violations and alcohol and drug violations when there’s much bigger, more serious things to be ferreted out, like rape and sexual assault, and people feeling unsafe.”
Wahl says that although he thinks Costin and other university officials have continued to deflect blame from Liberty, he’s still hopeful about Costin’s leadership. “I believe that Liberty is trending in a very positive direction, when it comes to policies and procedures and keeping students safe, and I think Costin is a part of that.”
And while the Falwell lawsuits linger, and Liberty must report to the DOE through April 2026 under the settlement, the school will keep focusing on expanding its degree offerings and creating Christian leaders, including in the secular world.
“We want leaders,” Hicks says. “We want you to be the best employee, then we want you to be the best leader, even to being the best … attorney or judge or politician or CEO. Whatever your role is, we just want you to do it in a way that honors God.”
At a glance
Founded The private, nondenominational, conservative Christian Liberty University was started by Jerry Falwell Sr. and Elmer Towns as Lynchburg Baptist College in 1971, later named Liberty Baptist College and, finally, Liberty University in 1984.
Campus Liberty sits on a 7,000-acre campus in Lynchburg with more than 180 buildings and structures, including the 25,000-seat Williams Stadium and the 275-foot-high Freedom Tower. The Vines Center hosts twice-weekly convocations featuring national speakers that have included former President Donald Trump; former first lady Melania Trump; former U.S. Secretary of State Mike Pompeo; presidential candidates Ted Cruz, Ron DeSantis and Bernie Sanders; former National Rifle Association head Wayne LaPierre; and comedian Jeff Foxworthy.
Enrollment 101,554 (Fall 2023)*
Student profile
Residential: 47% male, 53% female
Online: 41% male, 59% female
Academic programs
Liberty offers more than 700 total programs of study, with more than 600 available online and 350 on the Lynchburg campus. It has 15 colleges and schools, including the College of Osteopathic Medicine and the School of Law.
Faculty
Approximately 4,500 full- and part-time faculty, according to Provost Scott Hicks
Tuition, fees, housing and dining
Residential undergraduate tuition and fees: $23,800
Room and board: $12,920
Online undergraduate tuition: approximately $9,360 per year
*According to the State Council of Higher Education for Virginia, this number includes all residential and enrolled undergraduate, graduate and professional degree students. According to Liberty, total enrollment exceeds 135,000.
It feels like one of those logic puzzles high school students grapple with on the SAT: If Delegate Sally passes a law to require utilities in her state to generate all their electricity from renewable, carbon-free energy sources like wind and solar by 2045, what is the latest year CEO Tom’s power plant can stop running on natural gas?
Like many things in life, business and especially government, the answer to this question is hardly clear-cut. It lies somewhere within the intersection of the Venn diagram formed by the overlap of Virginia’s fast-growing energy and data centers industries — topics well covered by two of our feature stories in this month’s issue.
As reported by contributing writer Stephenie Overman in her April story, “Natural selection,” the state’s primary electricutility, Dominion Energy, is seeking to build a $600 million-plus, 1,000-megawatt natural gas power plant in Chesterfield County even though it’s under a state mandate from the Virginia Clean Economy Act to eliminate fossil fuels as an energy source by 2045.
This comes amid a tidal wave of data center development in the commonwealth that has sparked pushback from some local politicians, state legislators and citizens’ groups, reports contributor Elizabeth Cooper in her story, “Digital Divide.”
Between 2011 and 2020, Amazon Web Services alone spent $35 billion building data centers in Virginia, a figure the company plans to double by 2040. And recent rapid advancements in artificial intelligence are expected to grow demand for data centers even more. By some estimates, these electricity-chomping facilities, which support modern staples of life like streaming entertainment media, cloud computing and videoconferencing, could quadruple their power usage by 2038, accounting for about half the state’s electricity use.
Meanwhile, the automotive industry is also trying to boost adoption of electric vehicles instead of gas-burning cars, putting more strain on the grid. (A California government study estimated that by 2035 EVs could siphon 10% of that state’s electricity during peak periods.) And of course, people are cranking up their AC amid record hot summers caused by climate change.
A group of nine Democratic Central Virginia state legislators who put out a statement in March opposing the proposed Chesterfield natural gas power plant noted that Dominion notified the State Corporation Commission last year that the utility expects its carbon emissions will increase to as much as 43.8 million metric tons by 2048 — more than twice its emissions as of 2021. Needless to say, that’s not the trend the legislature had in mind when it passed its carbon-free power mandate.
For its part, though, Dominion has said that it’s trying to meet the 2045 deadline through massive investments in solar farms and the $9.8 billion offshore wind farm it’s developing off the Virginia Beach coast. But it also says that current technological limits on battery storage of renewable energy may mean that natural gas has to remain in the power generation mix past 2045 to ensure grid stability. Dominion is also considering other potential carbon-free solutions such as small modular nuclear reactors, but those are still very much experimental, with none yet operating outside of Russia and China.
Virginia is hardly alone in facing this power conundrum. Just in the Southeast U.S., utilities are proposing about 33,000 megawatts of new natural gas projects, according to the Southern Environmental Law Center. One of its senior attorneys noted to The New York Times in March that this is “completely at odds” with cutting carbon emissions to stem climate change.
It’s not clear what the solution is, but the answer will need to be found at the intersection of science, industry and government. And quickly.
G. Glenn Oder is retiring as executive director of the Fort Monroe Authority in October, the authority announced Friday.
Oder has led the FMA for the past 12 years after leaving the General Assembly, where he served as a state delegate from 2002 to 2012, representing the 94th District in the House of Delegates.
“On behalf of the Youngkin administration, I express our sincere appreciation to former Del. Oder for his decades of exemplary public service, especially at historic Old Point Comfort, present-day Fort Monroe,” Caren Merrick, secretary of commerce and trade, said in a statement. “The administration is committed to supporting the FMA search process and continuing our support for the commonwealth’s responsibility at Fort Monroe.”
Oder oversaw Fort Monroe when the U.S. Army transitioned the former base to the state to be redeveloped. The FMA is responsible for the stewardship, preservation and development of the National Historic Landmark. Under his leadership, long-range projects got underway, including real estate investment, utility upgrades and the African Landing Memorial, which commemorates the first Africans in North America who were brought to Point Comfort in 1619 at Fort Monroe. Oder led the charge in recognizing Old Point Comfort’s historical significance and bring attention to it.
“The Fort Monroe Authority is grateful for the leadership of Glenn Oder for over 12 years. His dedication and vision have been instrumental in preserving the legacy of Fort Monroe for future generations,” FMA Chairman Jim Moran said in a statement.
Oder worked with four governors, three mayors and many National Park Service superintendents all while expanding Fort Monroe’s scope. The FMA now oversees and owns the historic Casemate Museum, a $9 million visitor and education center and has received national attention for being a “Site of Memory” on the United Nations Educational, Scientific and Cultural Organization (UNESCO) Slave Route Labor Project.
The Old Point Comfort Marina was going to be redeveloped by Smithfield-based hospitality management company Pack Brothers Hospitality to build a marina, renovate two existing historic buildings into conference space and a restaurant hotel over the water, but that has been put on hold indefinitely, as of January.
With Oder’s departure, the executive director role will be retitled to chief executive officer, effective July 1.
Jay Bryant, CEO of Herndon-based Maryland & Virginia Milk Producers Cooperative Association (MDVA), is retiring at the end of this year, and Jon Cowell, MDVA’s current chief financial officer, will succeed him, the cooperative announced Friday.
Bryant has worked at the MDVA, a cooperative of more than 900 dairy farm families in 10 states, for 37 years, the last 22 as CEO. Under Bryant, MDVA’s sales revenues have doubled and gross profits have increased by 150%, according to a news release. During his tenure, MDVA purchased three additional consumer products plants and earned more than $77 million from on-farm sustainability initiatives.
“It is humbling to look back to where MDVA was 20 years ago and see what we have achieved together by investing in our cooperative,” Bryant said in a statement.
A native of Boonville, North Carolina, Bryan grew up on his family’s dairy farm. After earning an agricultural economics degree at North Carolina State University, he worked as a representative for Carolina Virginia Milk Producers, which merged with MDVA in 1999. Prior to becoming CEO, Bryant served as MDVA’s director of milk marketing.
“The board of directors extends its deep gratitude to Jay Bryant for guiding us through transformative change and uncertain times like dairy industry consolidation and the pandemic,” Kevin Satterwhite, president of MDVA’s board of directors, said in a statement. “There’s no doubt he will carry a legacy as a transformative figure in the dairy cooperative landscape.”
Serving as MDVA’s CFO sine 2018, Cowell currently leads all financial aspects of MDVA as well as its information technology division. In this role, Cowell renegotiated banking agreements and launched a new payroll system for both MDVA’s dairy farm owners and employees.
A native of Canada, Cowell previously spent 22 years as an executive at Massachusetts-based Ocean Spray Cranberries. He has a degree in chartered accountancy from the University of Waterloo.
According to a news release, Cowell’s plans include gaining more market share for Maola, the milk and dairy products brand MDVA purchased in 2003, and developing new dairy products.
“Jon brings the vision and leadership necessary to lead MDVA forward into its next phase of growth and success,” said Satterwhite.
The cooperative owns six dairy processing plants that process more than 3 billion pounds of milk annually.
A 7,800-square-foot retail strip center in Chesapeake sold for $3.15 million, according to a March news release from S.L. Nusbaum Realty.
Located at 1508 Sam’s Circle, Battlefield Shops has five tenants. It is shadow anchored by Walmart, Sam’s Club, At Home and Dollar Tree stores.
Battlefield Freedom Wash sold the property to Grit Andrew LLC. Doug Aronson, a senior managing director, and Carter Wells, an associate, both with SLN Capital Markets, represented the seller.
A 20-unit apartment property in Norfolk sold for $3.1 million on March 20.
Located at 1314 and 1318 Little Bay Ave., the property has 20 one-bedroom units that are each 600 square feet. The units were built in 1970.
Tidewater View sold the property to Nouveaux Little Bay. Justin Ferguson, Altay Uzun, Theo Jolley and Jack Carroll with Marcus & Millichap‘s Hampton Roads and Richmond offices represented the seller.
A Days Inn in Salem sold for $3.1 million on March 26.
Located at 1535 E. Main St., the two-story hotel has 70 rooms. It was built in 1974.
Evergreen Hotels purchased the property from Devkison LLC, according to property records. Milin Mehta, Chase Dewese, Jack Davis and Joce Messinger with Marcus & Millichap‘s Charlotte Uptown and Charleston offices, in North and South Carolina respectively, represented the seller. Brian Hosey assisted in closing the transaction.
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