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2026 Virginia Power 50 List: LAWRENCE ‘LARRY’ DI RITA

Di Rita has led the greater D.C. market for since 2019. He’s also the bank’s head of global public policy.

Bank of America posted $30.5 billion in net income in 2025, up from $27 billion in 2024, and had $3.41 trillion in total assets at the end of 2025, a nearly $150 billion increase from a year earlier.

Di Rita joined the bank as an external affairs executive in 2006 after previously making a name for himself in the U.S. Navy and the federal government.

A United States Naval Academy graduate, Di Rita holds a master’s degree from Johns Hopkins University’s School of Advanced International Studies. From 1980 until 1993, he served in the Navy, with his final active-duty assignment as a politico-military planner for the Joint Chiefs of Staff. Di Rita later was deputy director of foreign policy and defense studies at The Heritage Foundation, an influential conservative think tank.

He also served as chief of staff for U.S. Sen. Kay Bailey Hutchison of Texas and was special assistant to Secretary of Defense Donald H. Rumsfeld.

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2026 Virginia Power 50 List: ROBERT M. ‘BOB’ BLUE

Blue oversees Dominion, which has 14,700 employees and provides regulated service to 3.6 million customers in Virginia, North Carolina and South Carolina and regulated natural gas service to 500,000 customers in South Carolina.

Blue began his career with Dominion in 2005. After holding a succession of executive roles, Blue was named the utility’s president and CEO in 2020 and became board chair the following year.

At the end of 2025, Dominion’s $11.5 billion Coastal Virginia Offshore Wind farm off Virginia Beach was one of five offshore wind projects paused by the Trump administration for 90 days. Dominion filed a federal lawsuit against the Department of the Interior and received a temporary injunction in January, allowing construction to proceed while the lawsuit continues. The project is set to begin powering 660,000 homes in late 2026.

Prior to Dominion, Blue was an attorney and served as counselor and director of policy under then-Gov. Mark Warner.

Blue sits on the boards of the Nuclear Energy Institute, the Federal Reserve Bank of Richmond and the Greater Washington Partnership.

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Law, accounting sectors adapt to AI, regulatory changes

Summary:
  • Virginia attorneys are increasingly using AI for research, drafting, billing, and reducing burnout.
  • New 2025 Virginia limits regardless of salary, affecting employee classifications.
  • Virginia’s CPA licensing no longer requires 150 credit hours; bachelor’s degree plus work experience suffices.

Change is accelerating across Virginia’s law and sectors, as , evolving regulations and workforce pressures reshape how professional services firms operate.

Anecdotally, Virginia attorneys are increasingly incorporating AI into their daily work, finding it a useful tool to increase efficiency and potentially a way to reassess the billable hour model, reducing the cost of for clients and expanding access to services among those who were once priced out. Firms are using AI to assist with tasks ranging from research and document drafting to billing and transcribing client conversations. Some believe AI may help reduce burnout.

“Now, you can spend more time being strategic,” says Justin Ritter, founder of Ritter Law in Charlottesville. “Ultimately, I’m trying to create a high-quality work product faster and cheaper, and these tools allow me to do that and in ways I never really thought were possible.”

However, adoption of AI is uneven, with many lawyers reluctant to fully embrace the . In 2025, some attorneys received disciplinary referrals for using generative AI to write briefs, which then were exposed as inaccurate. U.S. Sen. Chuck Grassley called on the federal judiciary last fall to formally regulate federal judges’ use of AI in court orders.

Punishment aside, some attorneys don’t have time or money to see how they could use AI tools to speed up work, and larger firms can be thwarted by internal bureaucracy. Most also continue to grapple with how to protect client data and use AI tools ethically.

“We’re trying to balance innovation with responsibility,” says Beth Burgin Waller, chair of Woods Rogers’ cybersecurity and data privacy practice and an AI expert.

Meanwhile, Virginia lawyers also are experiencing major regulatory changes. In 2025, the passed legislation that narrowed who could be subject to noncompete agreements. Under earlier law, employees who made less than $76,081 a year in 2025 were exempt from such agreements, which prevent working for a competitor business immediately after leaving a firm.

But as of July 1, 2025, salary level no longer governs noncompete agreements in Virginia, leading to a reconsideration of how employers classify their employees under the federal Fair Labor Standards Act.
Experts say Virginia’s new law continues a broader push for limiting noncompete agreements, and that it’s likely that employers will instead use more targeted tools such as non-solicitation and confidentiality provisions.

However, Williamsburg attorney Brian G. Muse says noncompetes will still have a place for high-level executives, particularly in connection with the sale of a business.

Meanwhile, Virginia’s accounting profession is grappling with a persistent and is responding with a significant change to its requirements for becoming a certified public accountant. Starting this year, prospective CPAs no longer need 150 college credit hours to become licensed. Instead, people with bachelor’s degrees can become a CPA after working in the field for two years and passing the certification exam.

Employers and educators hope this adjustment will increase the number of college students entering accounting, encouraging those who had previously been deterred by the cost and time required for additional coursework. With financial barriers reduced, they hope the change will expand the accounting talent pool.

Employees from the Glen Allen firm Keiter noted last fall that they had already seen an uptick in the number of students interested in accounting and believe the change may draw more young people to the profession.

“We have seen more entry-level students looking for jobs than we have in the past several years,” Keiter human resources director Mandy Nevius told Virginia Business last year.

 

2026 Virginia Power 50 List: MICHAEL C. CREEDON JR.

At the end of 2024, Creedon became permanent CEO of , having become the retailer’s interim head after Rick Dreiling stepped down, citing health problems. Creedon joined the discount retailer as chief operating officer in 2022, after over six years with Advance Auto Parts.

Recent years have challenged the chain, which operated more than 16,000 stores in 48 states and five Canadian provinces in November 2024. As of January, it operated only 9,200 stores in North America, having sold its Family Dollar stores in July 2025 for $1 billion to two New York investment and management firms.

Dollar Tree anticipated full-year fiscal 2025 net sales of $19.35 billion to $19.45 billion during its third quarter earnings report.

An alumnus of Middlebury College, Creedon serves on the boards of trustees for the Chrysler Museum of Art and Norfolk Academy.

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2026 Va. Leadership on the move: Michael LaRouche

LaRouche succeeded Tom Watson as head of the federal contractor on Oct. 1, 2025. In March 2024, he founded Emalar, a tech company focused on national security. Previously, he was president of the Science Applications International Corp.’s national security and space sector for five years. LaRouche was recently appointed to the Professional Services Council board.

2026 Virginia Power 50 List: KAREN DAHUT

Dahut became CEO of Public Sector, a subsidiary focused on government and educational contracting, in 2022. Before joining Google, Dahut led Booz Allen Hamilton’s $4 billion global defense business.

Dahut served in the U.S. Navy for six years, including at the Navy Medical Research Institute in Maryland. As a civilian, she worked at the Logistics Management Institute, a Tysons-based nonprofit federal contractor, before joining Booz Allen.

Dahut has a bachelor’s from Mount St. Mary’s University and a master’s degree from the Viterbi School of Engineering at the University of Southern California. She also sits on the board of the Center for a New American Security.

With Accenture Federal Services, Google Public Sector has a Cybersecurity Center of Excellence, a Data & Center of Excellence and a Federal AI Solution Factory, supporting federal agencies. In October 2025, defense contractor Lockheed Martin and Google Public Sector announced their partnership to bring Google’s generative AI tech into Lockheed’s AI Factory, ultimately for national security applications.

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2026 Virginia Power 50 List: JASON EL KOUBI

Leader of the state’s economic development arm since 2022, El Koubi oversees numerous initiatives designed to attract business expansions and relocations in the commonwealth.

He joined VEDP as executive vice president in 2017 under his predecessor, Stephen Moret. During his time at VEDP, El Koubi has played key roles in landing blockbuster deals like Amazon’s $2.5 billion HQ2 East Coast headquarters in Arlington County and Lego Group’s $1 billion manufacturing campus in Chesterfield County.

In 2025, VEDP was a key player in three major Virginia expansions by pharmaceutical giants Eli Lilly & Co., Merck & Co. and AstraZeneca, totaling a combined $12.5 billion in investment and an expected 1,750 jobs. The state also topped Business Facilities’ ranking of customized workforce training programs across the nation for the third consecutive year, a recognition of VEDP’s Virginia Talent Accelerator Program.

A graduate of Louisiana State University and the London School of Economics and Political Science, El Koubi previously helped lead the Louisiana Economic Development state organization to attract more than $28 billion in capital investment.

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2026 Va. Leadership on the move: Stuart Macfarlane

Macfarlane became the Vienna-based bank’s Charlottesville market president last September. In this role, he oversees commercial and production and represents the bank with civic affairs and professional organizations. Macfarlane has 14 years of experience. He joined United Bank from North Carolina-based First Carolina Bank, where he was the director of commercial real estate banking.