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Dollar Tree CFO stepping down

Dollar Tree is leaving the discount retailer after two years, the company announced Wednesday. Davis will stay through the filing of the company’s fiscal 2024 report to the Securities and Exchange Commission, said.

“We thank Jeff for his service and appreciate the contributions he made to the business during his time with Dollar Tree and Family Dollar. We remain committed to our business strategy and are focused on driving lasting value for our customers and shareholders,” interim Michael C. Creedon Jr. said in a statement.

Davis’ departure comes after former CEO and board chairman Rick Dreiling stepped down in November, citing health issues.

Davis was hired following a C-suite shakeup in 2022, with Creedon coming aboard as , among other hires. Dreiling, too, was hired in 2022, replacing former CEO Mike Witynski.

A graduate of Penn State and the Katz Graduate School of Business at the University of Pittsburgh, Davis was previously treasurer of Walmart and served as for JCPenney as well as Qurate Group, the conglomerate that owns QVC, HSN and Zulily.

Davis’ departure was announced Wednesday alongside Dollar Tree’s third-quarter results and the retailer’s full-year outlook for fiscal 2024; the company said it anticipates net sales of $30.7 billion to $30.9 billion for the year, slightly up from $30.6 billion in revenue reported last year. In the third quarter, consolidated net sales increased 3.5% to $7.56 billion, compared with the third quarter of 2023.

The company has closed approximately 670 of its Family Dollar stores this year, and expects to close 25 more by the end of the fiscal year, and continues to explore a potential sale or spinoff of the Family Dollar business segment, it said Wednesday. A company, Dollar Tree operates more than 16,000 stores in the United States and Canada.

Washington Commanders hire Campbell’s exec as team president

Mark Clouse, and of food giant The , will be the ‘ next team president, the Ashburn-based team announced Tuesday. Clouse starts his new post in late January.

He replaces Jason Wright, the NFL’s first Black team president, who was hired in August 2020 by former team owner Dan Snyder, who had hired Wright to shepherd the franchise through a difficult period when Snyder and some of the team’s former front office staffers were embroiled in a sexual harassment scandal and NFL investigations related to the team’s allegedly toxic workplace.

In July, the team confirmed that Wright would not be serving as team president during the current NFL season, and that he would serve as a senior adviser until his departure, focusing on securing naming rights for a new stadium.

Clouse comes from the corporate world to the Commanders, which is now owned by billionaire investor Josh Harris, who led a group of investors in acquiring the team for a record $6.05 billion in 2023 from Snyder. Clouse will report directly to Harris.

In October, Campbell’s partnered with Harris and David Blitzer’s management company Harris Blitzer Sports & Entertainment as an official corporate partner to the company’s four professional sports teams — the Commanders, the Philadelphia 76ers NBA team, the NHL’s New Jersey Devils and the Joe Gibbs Racing NASCAR franchise.

“In Mark we have found a dynamic with a stellar track record of guiding organizations to excellence, building brands that connect deeply with consumers, and ultimately delivering best-in-class experiences and lasting memories,” Harris said in a statement. “Mark shares our commitment to using the power of the Commanders franchise to bring together. As a military veteran and accomplished business builder, he has a proven ability to strengthen both the organizations he leads and the communities he serves. I am confident in Mark’s dedication to building a championship-caliber organization and to support football operations in our drive for excellence on the field.”

Clouse joined New Jersey-based Campbell’s in 2019, overseeing popular food brands such as Goldfish, Rao’s, Pepperidge Farm and the eponymous soup brand. A graduate of West Point, where he was a collegiate basketball player, Clouse served in the Army and retired as a captain. He held positions at Kraft Foods, Mondelez and Pinnacle Foods before working at Campbell’s.

“I am incredibly grateful to and the Washington Commanders ownership group for the opportunity to lead this iconic franchise into a new chapter of growth,” Clouse said. “The Commanders’ passionate fanbase, which has stood by this team for decades, deserves nothing less than our unwavering commitment to excellence. I look forward to supporting ownership, as well as Adam Peters and Dan Quinn, in doing everything in our power to build a championship-caliber organization.”

Navy awards Raytheon potential $903.9M contract

The has awarded , a subsidiary of County aerospace and , a contract worth up to $903.9 million, if all options are exercised, to provide support for a system, the announced Monday. 

The initial $34 million firm-fixed-price, cost-plus-fixed-fee, cost-plus-incentive-fee and cost only contract covers design, development, integration, test and maintenance of system capabilities for the design agent and engineering support efforts for the Cooperative Engagement Capabilities (CEC) sensor system. CEC allows data from sensors in different places to provide a single integrated picture, meaning multiple ships, aircraft and land units can share radar target measurements simultaneously in real time.

Purchases for the U.S. Navy makes up 65% of the contract. The contract also includes purchases for the governments of Japan (15%), Australia (13%), Canada (6%) and Germany (1%) under the Foreign Military Sales program, which allows the United States’ international partners to purchase defense equipment and services. 

The U.S. Navy will pay $20.54 million of the contract, with $1.7 million coming from the United States Marine Corps. The governments of Japan, Australia, Canada and Germany will pay about $11.8 million with the contract. About $2.89 million will expire at the end of the current fiscal year. 

Work will be performed in St. Petersburg and Largo, Florida as well as Maynard, Massachusetts. Work is expected to be completed by November 2025. If all options are exercised, work will continue through November 2029.

Last week, the Navy awarded Raytheon a $590.8 million contract to produce nine Next Generation Jammer Mid-Band (NGJ-MB) ship sets for the military branch’s EA-18 Growler and four more sets for the Royal Australian Air Force. The NGJ-MB is an .

With more than 185,000 employees globally, RTX reported $68.9 billion in sales in 2023. Raytheon is also based in Arlington.

U.Va. Darden School dean reappointed to third term

Scott C. Beardsley, of the ‘s , has been reappointed to his third term as dean, which starts Aug. 1, 2025, and extends through August 2029, U.Va. announced Wednesday.

Named dean in 2015, Beardsley is now the university’s longest serving current dean and has raised more than $610 million for the school over the past decade, as well as opening a satellite campus in County; hiring more than 60 faculty members; hitting application and enrollment records among women, military veterans, underrepresented minorities, international and first-generation students; and launching the $150 million student housing project on the ‘s grounds. During his tenure, also has been named the top public MBA program in Bloomberg Businessweek (2022-24) and Poets & Quants (2023 and 2024). Beardsley was named U.Va.’s Dean of the Year in 2020.

“I’m grateful for the opportunity to continue to work with the incredible community of the Darden School of Business in pursuing our mission to improve the world by developing responsible leaders, and to my wife Claire, and family who have been critical to any success I’ve had,” Beardsley said in a statement. “I am invigorated to continue pursuing progress with all of our stakeholders to ensure that Darden cements its position as one of the best places to learn, teach, research and work in . In a world in which responsible remains at a premium, Darden can be a beacon of hope as we inspire and develop the leaders of today and the future.”

Beardsley added that his focus over the next five years will be on marking the Darden School’s 75th anniversary in 2030, as well as increasing scholarship funding and accessibility, and shepherding the school’s facilities master plan to completion.

Also the Charles C. Abbott Professor of Business, Beardsley holds a degree in electrical engineering from Tufts University, an MBA from the MIT Sloan School of Management and a doctorate in higher education management from the University of Pennsylvania. Beardsley worked for McKinsey & Co. for 26 years in New York City and in Brussels, Belgium. As of this year, he is finishing a part-time master’s in practical ethics at the University of Oxford’s Pembroke College.

 

Van maker repays state grant after Pittsylvania layoffs

Morgan Olson has paid back a $500,000 Virginia Port Authority grant after the Michigan-based manufacturer of walk-in step vans failed to employ an agreed-upon number of workers at its facility at the Industrial Park in .

It’s not the jubilant future economic developers had envisioned when celebrating the company’s October 2019 announcement of plans to invest $57.8 million to bring its operations to a former Ikea facility at the park located outside . At that time, the company, which is a business unit of Texas-based JB Poindexter & Co., expected to create 703 jobs.

By summer 2020, had its 925,000-square-foot automotive manufacturing facility operating in Pittsylvania.

Two years later, the Port of Virginia awarded Morgan Olson a $500,000 Port of Virginia Economic and Infrastructure Development Grant, an incentive designed to encourage businesses to locate maritime-related employment centers in the commonwealth or to expand existing facilities. At that time, the company was well on its way to building its promised workforce in Virginia. The Pittsylvania facility employed 612 workers in October 2022, according to a news report.

But circumstances change. Morgan Olson laid off 435 employees at Cane Creek Centre in 2023 and an additional 130 this August, according to the . Currently, there’s only “limited staff there in the facility,” according to Matt Rowe, director of for Pittsylvania County.

On Sept. 25, Stephen Edwards, CEO and executive director of the Virginia Port Authority, which runs the Port of Virginia, sent a letter to Greg Pairitz, vice and of Morgan Olson, asking for the state grant to be repaid due to failure to comply with “one of more” obligations agreed to in a memorandum of understanding.

“The VPA has determined that Morgan Olson has failed to maintain at least 25 new, permanent full-time positions prior to the performance date of June, 30, 2025,” the letter states.

Edwards gave Morgan Olson 60 days to repay the money. The company repaid the funds on Nov. 20, according to Joe Harris, a spokesperson for the VPA.

A request for comment to a spokesperson for Morgan Olson was not immediately returned.

Rowe on Tuesday remained optimistic about the situation.

“I think the fact that Morgan Olson just came and immediately paid back the $500,000 to Virginia is a very strong testament to them as a company,” he said. “I think it also speaks very strongly to their financial well-being and [to] their commitment to Virginia.”

Rowe speculated that the Morgan Olson facility could have a second chapter. “There’s certain contracts that can’t be publicly discussed that Morgan Olson is negotiating,” he says.

If the Cane Creek facility isn’t occupied by the van maker, Rowe suggested JB Poindexter & Co. could find another use for it.

“The value proposition to the parent company is just too strong for them to not utilize that space,” he says.

In regular talks with Morgan Olson leaders, Rowe said, “they have stressed over and over again that they’re committed to this community, to this facility.”

Rowe speculated that the layoffs were due to Morgan Olson losing a key client. The popularity of electric vehicles and high interest rates, he thinks, could also have impacted customer demand for the company’s custom commercial step vans.

“When the interest rates are high, you tend to make do with what you have, or repair what you have, instead of going and buying something,” he says.

A 2019 announcement about the facility noted Morgan Olson was eligible for several state and local grants, including a $7 million custom performance grant from the General Assembly’s and $1.195 million from the Tobacco Region Opportunity Fund.

Jordan Butler, public relations director for the , said on Wednesday that the commission paid $770,775 of those funds to Morgan Olson in May 2024 for creating 561 jobs. Company leaders could have requested the remainder of the funds at the end of September, he noted, if they had created 703 jobs at the Pittsylvania County facility. 

The commission changed grant agreements several years ago, Butler added, to require that the created jobs are maintained throughout the performance period and are only dispersed once at the end of the performance period. “So good news is that that this situation couldn’t occur again,” he said.

A spokesperson for VEDP did not immediately respond to a request for comment Tuesday.

Editor’s note: This story has been updated to include information about the Tobacco Regional Opportunity Fund. 

Dominion Energy COO Diane Leopold to retire after nearly three decades

Dominion Chief Operating Officer Diane Leopold plans to retire from the this summer after working for nearly four decades in the industry.

Leopold, who will remain as and executive vice until she steps down on June 1, 2025, oversees major construction projects such as Dominion’s $9.8 billion Coastal Virginia Offshore Wind project and Charybdis, the first U.S.-built wind turbine installation vessel.

In the coming months, Leopold will transfer utility and contracted energy duties to Ed Baine, president of Dominion Energy Virginia, and Eric Carr, Dominon Energy’s chief nuclear officer.

Leopold, who earned a master’s degree in electrical engineering from George Washington University and an MBA from , got her start with Dominion as a power station engineer in 1995. Previously, she led Dominion’s gas infrastructure group, was vice president of financial management and business planning, and served as senior vice president of Dominion Transmission. Prior to joining Dominion, she held engineering positions at Potomac Electric Power.

Leopold sits on the boards of Nuclear Electric Insurance Limited, a mutual insurance company with headquarters in Delaware, and of Markel Group, the Fortune 500 insurance company based in Glen Allen. She is also a board member of the Jamestown-Yorktown Foundation and the World Pediatric Project.

“Diane is one of the brightest, most dedicated, and most capable people in our company and in our industry,” Dominion Energy Chair, and President Bob Blue stated in a news release. “Over her 36 years in the utility industry, she’s demonstrated best-in-class performance in nearly all areas of operations, business development, financial planning [and] corporate strategy, as well as the construction of several multibillion-dollar energy infrastructure projects. … When she retires in June, she’ll leave behind a deep and capable bench of talented leaders, including Ed and Eric, due to her deliberate focus on developing her team members.”

Baine’s new title will be president of utility operations and Dominion Energy Virginia. He will continue overseeing operations of

an electric utility serving 2.8 million accounts in the commonwealth and northeast North Carolina. Starting Jan. 1, 2025, Baine will assume additional responsibilities for Dominion Energy South Carolina, which serves 800,000 electric utility accounts and 500,000 gas utility accounts. Keller Kissam, president of Dominion Energy South Carolina, will report to Baine.

Baine joined Dominion in 1995 as an associate engineer after graduating with a degree in electrical engineering from . He has held numerous positions at the company, including senior vice president of distribution, power delivery group and senior vice president of power delivery for Dominion Energy Virginia.

As chief nuclear officer and now president of nuclear operations, Carr will continue to be responsible for the company’s nuclear operations at four stations in three states. On Jan. 1, 2025, Carr will take responsibility for the utility’s contracted energy business segment, which includes Millstone Power Station, a nuclear power plant in Connecticut, long-term contracted solar generation assets and a renewable natural gas portfolio.

A man wearing a gray suit and navy blue tie.
Eric Carris is president of nuclear operations and chief nuclear officer. Photo courtesy Dominion Energy.

In March, Gov. Glenn Younkin appointed Carr, who has an engineering degree from the University of Delaware and an MBA from Widener University in Pennsylvania, to the board of the Virginia Consortium Authority.

Carr joined Dominion Energy in 2023. Previously, he was president and chief nuclear officer for PSEG Nuclear in New Jersey. There, he oversaw 1,600 employees and operations at the Hope Creek and Salem nuclear generating stations.

Dominion Energy provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina and South Carolina, as well as regulated natural gas service to 500,000 customers in South Carolina. The company also develops and operates regulated offshore wind and solar power. Dominon Energy, which boasts 17,000 employees, reported $14.4 billion in revenue for 2023.

BAE Systems wins up to $238M Navy ship repair contract

Falls Church-based Inc. has won a worth up to $238.8 million to maintain, modernize and repair a San Antonio-class amphibious transport dock ship.

The Department of announced the $212 million firm-fixed-price contract award, which has options that would bring its cumulative value to $238.8 million, to the U.S. arm of British defense giant Systems on Nov. 25.

BAE Systems Inc.’s San Diego unit will work on the USS Green Bay (LPD 20) in San Diego, and work is expected to be completed by October 2026.

The USS Green Bay was commissioned in 2009 and is the second Navy ship to be named for Green Bay, Wisconsin.

BAE Systems has about 41,000 employees worldwide and reported $13.6 billion in 2023 revenue. In addition to its California shipyard, the company has one in Norfolk and one in Florida. Its Norfolk shipyard team received two Navy contracts in mid-October worth a combined $202 million for the maintenance, modernization and repair of two vessels.

2024 Virginia Business Person of the Year: Robert M. Blue

Bob Blue has a “no jerks policy,” which he attributes to his upbringing in Albemarle County.

“We don’t always agree. In fact, we shouldn’t agree,” he clarifies. “It doesn’t mean that we all just hold hands and sing ‘Kumbaya,’ but what it does mean is that we should treat each other respectfully.”

As ‘s chair, president and CEO, Blue, 57, sits at the top of a that provides electricity to 2.7 million customers in Virginia and nearly 1 million more in the Carolinas. Dominion also has about 500,000 natural gas customers in South Carolina and operates the Millstone nuclear power plant in Connecticut, which generates power for 2 million homes.

Blue has most of the markers of success one would expect: a large corner office with a beautiful view of the James River, degrees from elite academic institutions, and close connections with powerful and important leaders.

But going back to childhood, he was part of a close-knit family with strong civic and political ideals, as well as deep roots in Albemarle, where his father, Tom, a retired land surveyor who served on the county school board and planning commission, still lives. Blue’s late mother, Jo, was a legislative assistant to -area Democratic state lawmakers.

His parents, Blue says, taught him to show respect to other , no matter their circumstances, a lesson he carried from his earlier career in state politics to Dominion, where he’s worked since 2005.

Blue’s Dominion is not your father’s VEPCO, though. In 2020, the Virginia General Assembly passed the Virginia Clean Economy Act, setting a 2045 deadline for Dominion to move to carbon-free energy generation — even as the demand for electricity in Virginia is expected to double over the next 15 years thanks to data centers and increasing digital demands. Under Blue’s watch, Dominion has sold off billions of dollars in natural gas assets and started building the $9.8 billion farm off the coast of Virginia Beach, expanded solar energy and battery storage facilities, and taken early steps toward exploring the construction of small modular nuclear reactors.

In recognition of his leadership at Dominion Energy during what may well be the most pivotal moment in the utility’s history, Virginia Business has named Blue its 2024 Business Person of the Year.

An avid outdoorsman, Bob Blue is known for sometimes kayaking to his office on the James River in downtown . Photo by Caroline Martin

Head of the class

Born in 1967, Blue grew up on a small farm off Virginia State Route 20 in northeastern Albemarle County, within walking distance of his grandparents’ home.

As youths, Blue and his older brother, Tom Jr., often got pulled into helping their dad with his surveying work. “He had a very small firm — small meaning his sons would be out cutting brush for him,” Blue says. “That was a weekend or summer activity for us.”

At Albemarle High School, Blue was the 1985 class valedictorian, as well as a member of the debate team and the school’s Teen Democrats club. He stayed close to home for college, attending the .

Every first-year student at U.Va. has an academic adviser, and Blue’s happened to be Larry Sabato, the influential national political analyst who later founded U.Va.’s Center for Politics. 

Initially considering an engineering degree, Blue remembers visiting Sabato in his cluttered basement office in fall 1985. “So, I took him my schedule. He goes, ‘This looks boring. You need to take a government class.’ So, I did, and I enjoyed it and ended up majoring in government.”

Blue turned out to be one of Sabato’s best students. “He was just absolutely topflight. His papers were always so well-written, and you know, whatever he said in seminar was worth listening to,” Sabato recalls, thinking back to spring 1988, when Blue was in his government honors program. “I mean, he was just marked for success.”

Blue also immersed himself in real-life politics. He was a post-grad Governors Fellow for Virginia Gov. Gerald L. Baliles, and Sabato recommended Blue as one of a handful of Southern college students to ask a question of the 1988 Democratic presidential primary candidates during a debate in Houston.

Blue’s question is lost to memory, but he recalls addressing it to candidate Jesse Jackson. More memorable was the trip to Houston and a stay at the Four Seasons Hotel, an exciting moment for Blue, who met legendary CBS newsman Walter Cronkite and, more surprisingly, TV star Mr. T, who was also a guest at the hotel.

As a newly minted U.Va. graduate in 1989, Blue joined Gov. Doug Wilder’s historic gubernatorial campaign to become the nation’s first elected Black governor. U.S. Sen. Mark Warner, who had not yet run for office then, managed Wilder’s successful campaign.

“A number of young people from around the nation volunteered to come and work for me and my election, literally for nothing,” Wilder recalls. “We had very little money to pay them in terms of salary. They were very much interested in being a part of uplift and development. And Bob was one of those persons. He was very low-key in terms of style, but very effective. He undertook to engage other young people in the state. We had no directions as to how they were to do it, other than to perform it.”

Wilder has spoken with Blue from time to time over the decades, and he says his former campaign staffer is “low-key still but heavily involved with what’s best for Virginia. I’m very proud of him.”

Siren song of politics

After campaigning for Wilder, Blue in 1991 entered Yale Law School, where he met a fellow law student and his future wife, Liz Appel Blue, who he says is “absolutely” smarter than he is, as well as a “very high-energy, very optimistic person who just gets stuff done.”

Blue was editor-in-chief of the Yale Law and Policy Review in his final year of law school, and he was hired by the Washington, D.C., white-shoe firm Hogan & Hartson (now Hogan Lovells) after clerking for a federal judge in Richmond. In 1995, Warner called Blue to help him in Warner’s first run for U.S. Senate against Republican incumbent U.S. Sen. John Warner.

The battle of the Warners ended with a loss for Mark Warner, but the race was close enough to launch Warner into the state’s governorship, which he won in 2001, becoming the first Democrat to hold the office since Wilder. That’s when Warner again called on Blue, who was then close to making partner at Hogan & Hartson. Instead, Blue moved to Richmond and served as Warner’s counselor and top policy adviser during his 2002-06 gubernatorial term.

Eva Teig Hardy, who met Blue when he was working on the Wilder campaign and was state secretary of Health and Human Resources under Baliles, recalls Blue as a serious young man who “thought a lot before he said anything; very smart [and] a little bit aloof until you got to know him.”

Warner says he could count on Blue to be “very organized, and people who worked for him were loyal to him. He was never into the kind of backbiting … that can sometimes screw up an office, particularly in political campaigns or political offices. He was about doing the job.”

Although negotiating with state Republicans in the legislative majority was a big part of that job, Blue also investigated the case of Roger Coleman, a convicted killer and rapist who was executed in Virginia in 1992 but whose guilt was publicly questioned. Even the pope tried to intervene, Warner remembers. In 2006, with a couple of days left in his gubernatorial term, Warner gave the OK for Coleman’s DNA to be retested against evidence. In the end, Coleman’s DNA matched, confirming his guilt.

“This was where I think I saw Bob’s character in a real way,” Warner says. “He spent tons of time looking at this and thinking, ‘If you’re going to be willing to carry out our death sentence, it’s the obligation of the state, even after the fact, to go ahead and pursue evidence.’ No one lived the ups and downs and intellectual challenges, emotional challenges, legal issues more than Bob.”

A new job

In 2005, as Warner’s term was ending, Blue made the jump to Dominion, where he found himself working for his old friend and colleague, Hardy, who was Dominion’s executive vice president for state affairs and corporate public policy and wanted to retire. But her boss at the time, Dominion CEO Tom Farrell, wanted her to slow her roll.

“Tom Farrell said to me, ‘You’re not going until you get somebody in here for three years.’ He said he wanted somebody to work with me before I left for more than just a few months,” Hardy says.

With that stipulation in place, Hardy hired Blue as managing director for state affairs, which brought Blue back into contact with Virginia legislators, as well as an array of federal authorities, although with a different objective.

Hardy remembers showing Blue the ropes of his new job. 

“You have to work with Republicans, you have to work with Democrats. You can’t be one-sided in your approach, because we have customers that are both,” she says. “We have to know what’s coming five, 10 years from now and be able to explain to both our customers and the regulators and legislators.”

After Hardy’s retirement, Blue became Dominion’s vice president of state and federal affairs, which started his steady ascent up the corporate ladder. After a series of positions overseeing public policy, communications, regulations, energy solutions, policy and law, he became president of Dominion Virginia Power. In December 2019, he became co-chief operating officer of Dominion Energy, and in October 2020, Blue succeeded Farrell as president and CEO.

Farrell remained the utility’s executive board chairman, but only a few people knew about his grave cancer diagnosis, which claimed Farrell’s life in April 2021, one day after Blue succeeded him as chairman.

“It wasn’t easy,” Blue says of Farrell’s death. “But I had the benefit of having worked for Tom directly. For a lot of the time that I’ve been at Dominion, I [reported] directly to Tom, so I had the benefit of at least observing someone who was such a great for our company and in our industry.”

On paper, Blue and Farrell have many similarities: They were both lawyers, both U.Va. graduates and members of the university’s board of visitors, and both rose through corporate ranks to the top of Dominion.

But as CEO, Farrell was a more public presence than Blue, especially in Richmond, where Farrell made headlines for his political and civic involvement — or, as some critics then saw it, meddling — as a vocal booster for the failed Navy Hill downtown redevelopment project, and by leading renovations of the Altria Theater and a performing arts center.

Blue, on the other hand, has been a quieter leader.

Dominion’s senior vice president of corporate affairs and communications, Bill Murray, has known Blue since Warner’s term as governor and says Blue reminds him of a World War II figure, Adm. Raymond Spruance. He, too, was a “very reserved” leader who stayed calm even during battle and worked well with the “larger-than-life figure” of Adm. Bull Halsey. “Two completely different leadership styles,” Murray points out.

Blue might be best known for his habit of commuting via kayak on the James River from his home to his downtown office. It’s not a daily occurrence, he notes, because he can’t row back up the rapids and has to arrange for a ride from his wife, but Blue is indeed an avid outdoorsman who enjoys paddleboarding, biking, snow skiing and whitewater rafting.

State and federal lobbyist David Hallock, a longtime friend, says he bonded with Blue over their mutual love of U.Va. men’s basketball, adding that Blue has “an encyclopedic memory for U.Va. stats and players and remembers every game — and part of that’s [from] growing up in Charlottesville.”

As empty nesters, with two sons and a daughter grown and out of the house, Blue and his wife also travel a fair amount and spend time with their two dogs, Patty and Lemon.

In October, Dominion and Amazon.com publicly announced an agreement to explore the co-development of small nuclear reactors. Blue calls himself a “cheerleader for nuclear. It’s reliable, it’s affordable, and it’s clean.” Photo by Caroline Martin

Nuclear exploration

These days when Blue’s name is in the news, he’s often talking about nuclear energy.

At a July event with Gov. Glenn Youngkin at Dominion’s North Anna nuclear power station, Blue called himself “a cheerleader for nuclear. It’s reliable, it’s affordable, and it’s clean.”

Nuclear energy is also necessary for Dominion to meet the Virginia Clean Economy Act’s 2045 carbon-free energy deadline, Blue contends. Youngkin, too, has emphasized nuclear exploration as a crucial segment of his recommended “all-of-the-above” approach to meeting the commonwealth’s energy demands.

In October, Amazon Web Services and Dominion officials announced the companies were jointly exploring the financing and development of potential SMRs in Virginia.

Despite growing momentum behind nuclear, wind and solar energy, Dominion officials also must contend with some disagreements and protests. For example, community group Friends of Chesterfield has organized opposition against Dominion’s  planned new natural gas plant in the county. It would be built on a retired coal plant property where 15 million yards of coal ash sat in two ponds until 2019, when the state legislature mandated its removal.

“The same neighbors who have endured almost 80 years of coal pollution still face the prospect of an additional 30 to 40 years of toxic emissions from this dirty gas plant,” says Friends of Chesterfield.

But Dominion officials have said that the gas plant in Chesterfield will run only intermittently as a “peaker plant,” basically as a backup source amid peak energy demands during the hottest and coldest times of the year.

“We are telling you that for the next 15 years, we’re going to need to be able to generate [energy] using natural gas in order to keep the system reliable,” Blue said during an October press scrum. “Will it be operating off of hydrogen, will it be doing something different by 2045? I can’t answer that question sitting here today.”

Another point of contention, this one longstanding, is Dominion’s outsize political influence, in particular its donations to politicians on both sides of the aisle in Virginia’s legislature.

In 2018, wealthy Charlottesville investor Michael Bills founded Clean Virginia, a PAC that offers funding to Virginia legislators who decline to take donations from Dominion or own the utility’s stock. Some Democrats have taken Bills up on his offer, and he donated a total of $12.5 million in the 2022-23 campaign cycle, but most Republican lawmakers and some Democrats still accept Dominion’s money, which amounted to about $12 million over the past decade.

Bills started the PAC because he felt Dominion had too much sway over lawmakers, many of whom had received donations from the utilities for years, even decades. “It was legal — corrupt, morally wrong, repugnant, but legal,” Bills said in a 2023 Washington Post interview. “You kind of realize that’s not the system that we should have.”

Dominion issued a statement to the Post, noting that its political contributions are public and “transparent,” and Blue says Dominion will remain politically involved.

“As our state has grown — a state that is No. 1 for business in the country because of very smart decisions made by policymakers of both parties — we’re a really important part of that, and so we need to be in the conversation,” he says. “People participate in different ways, but our company participates in the exact same way today that it did when I started here.”

Still, circumstances and priorities — other than the basics of reliable power and affordable rates for customers — can change over time, Blue allows.

Under Farrell, the Atlantic Coast Pipeline — a joint venture between Dominion and Duke Energy — was a high priority for the company, seeking to funnel natural gas across Virginia and North Carolina. In July 2020, the project was called off.

“Fundamentally, it was a matter of economics,” Blue says. “The permitting process was taking so long, in part because of court decisions that were remanding permits back to agencies to do more work … [that] it didn’t make sense from an economic perspective for the company to continue with that project.”

And in subsequent years, under Blue, Dominion has sold off multiple natural gas holdings, decreasing its debt and freeing up money for other projects, such as purchasing two more offshore wind leases off Virginia and North Carolina’s coasts that can be used one day to build more offshore wind turbines.

Blue can’t predict the future, but he views renewable and carbon-free power sources — including nuclear — as a vital part of it for Dominion. So will be meeting higher energy demands as more data centers are built in the commonwealth.

For perspective, Blue can look back to his childhood home in Albemarle, where he saw firsthand the rapid growth in power demand from consumers in homes with a host of then-new modern amenities.

“It was a ranch house built in the year I was born, 1967, and it had electric appliances and electric baseboard, electric heat,” he says. “Electric demand went up at a pretty significant rate. We’re going to be going up again.”  

McDermott to depart as Mary Washington Healthcare CEO

Dr. Michael McDermott, and of -based Mary Washington since 2015, will leave to become head of Montage Health in California, the health system announced Monday. Dr. Christopher Newman, MWHC’s and chief medical officer, will succeed McDermott starting in spring 2025.

Newman joined Mary Washington in 2019. He previously served as chief medical officer for Penn State Health St. Joseph Regional Health Network and led operations for Penn State Health’s medical group, and holds a medical degree from Georgetown University and an MBA from the University of Virginia’s .

“I am extremely proud of everything has achieved during my time as CEO and I am confident that under Dr. Newman’s , the system will continue to grow and advance,” McDermott said in a statement. “It’s been an honor and a privilege to lead MWHC for the past 10 years, and I’m excited to watch its progress continue under Chris’ leadership.”

Dr. Christopher Newman

Mary Washington Healthcare began as an eight-room hospital in Fredericksburg in 1899 and now encompasses two hospitals, four emergency departments and more than 60 facilities. In May, Fredericksburg City Council approved a $40 million expansion of the Mary Washington Hospital Campus. A radiologist, McDermott previously practiced with Radiologic Associates of Fredericksburg. He received his medical degree from the University of Cincinnati College of Medicine and an MBA from U.Va.

“I’m deeply honored to be selected for the role of CEO, and I’m committed to continuing our mission of improving the health of the in our communities,” Newman said. “As our system continues to grow rapidly, I’m excited to build on our momentum from the past several years and to keep working to make Mary Washington the best health system for our providers, team members, patients and community members.”

Navy awards RTX subsidiary $590.8M contract for electronic attack system

The has awarded , a subsidiary of County Fortune 500 aerospace and contractor , a $590.8 million to produce nine Next Generation Jammer Mid-Band (NGJ-MB) ship sets for the military branch’s EA-18 Growler and four more sets for the , the announced last week.

The NGJ-MB is an . The award, which is a cost-plus-fixed-fee contract, includes associated spares, support equipment and non-recurring engineering.

Raytheon employees will perform 48% of the work in Forest, Mississippi; 43% in McKinney, Texas; 7% in El Segundo, California; 2% in Andover, Massachusetts; and 1% in Fort Wayne, Indiana, according to the announcement. The work is expected to be completed January 2028.

The Navy will pay Raytheon $329.6 million in fiscal 2024 and about $75 million in fiscal 2025, while the Royal Australia Air Force will pay more than $185.9 million at the time of the award.

In October, Raytheon announced a $192 million award from the Navy to develop the Next Generation Jammer Mid-Band Expansion, an upgrade to the NGJ-MB system. The modification is designed to extend the system’s frequency range and provide additional capabilities to improve operational effectiveness.

With more than 185,000 employees globally, RTX reported $68.9 billion in sales in 2023.