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2026 Va. Leadership on the move: Fred Pasquine

Advanced engineering and manufacturing company Fairlead, which is developing Fairwinds Landing in Hampton Roads, promoted Pasquine in July 2025. Pasquine has been president of the company since 2017 and succeeded Jerry Miller, who moved into the role of executive chairman.

2026 Virginia Power 50 List: JONATHAN HARMON

In 2017, ‘ board of partners elected Harmon to be the first Black chairman of the state’s largest firm. In the role, Harmon is the face of the firm, responsible for its big-picture strategy and vision.

He also continues to work as a trial lawyer known for communicating complex information to juries. Harmon has represented many major companies, including Yahoo, DuPont, CSX Transportation and UPS Ground Freight.

Before becoming chairman, Harmon led the firm’s business securities litigation department.

A West Point graduate, Harmon served as a first lieutenant in the Army’s 1st Cavalry Division during Operation Desert Storm. He earned his law degree from the University of Texas School of Law and joined McGuireWoods in 1995.

With more than 920 attorneys, McGuireWoods ranked 54th for revenue on the AmLaw 200, bringing in $1.11 billion in gross revenue for 2024, and it was ranked the 64th highest-grossing law firm in the world.

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2026 Virginia Power 50 List: DR. J. STEPHEN JONES

Jones has led since 2018. The health system employs approximately 25,000 people across its five hospitals and numerous other facilities, including the region’s only Level 1 trauma center and Level 4 neonatal intensive care unit.

A top urologist who still practices, Jones previously led Cleveland Clinic Regional Hospitals and Family Health Centers. The past editor of an American Urological Association journal, Jones also chaired the American Medical Group Association’s board.

In 2024, Inova launched its first comprehensive campaign, with a goal of raising $500 million by Dec. 31, 2029.

Inova began construction in September 2024 on a Springfield hospital and a new Alexandria hospital at the former Landmark Mall site. They’re expected to cost a combined $2 billion and be completed in 2028.

The first phase of the $161 million Inova Fairfax Hospital emergency department expansion and renovation opened in late 2024, which included an expanded pediatric ER. A new Inova Health Center opened in Woodbridge in December 2025, and it’s expected to include cancer treatment services beginning this fall.

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2026 Va. Leadership on the move: Antonio Perez Jr.

Perez was named general manager of Rivers Casino Portsmouth in September 2025, replacing Roy Corby. He brings more than two decades of casino gaming and operations experience at six properties in five states. Most recently, Perez was general manager of California’s Rolling Hills Casino Resort. Construction of a new $65 million hotel next to the Rush Street Gaming casino is under way.

2026 Virginia Power 50 List: TIM KAINE

Labeled by supporters as “America’s Dad” for his level-headed, folksy and sometimes wonky demeanor, Kaine has been a fixture in Virginia since his 1994 election to Richmond City Council.

From there, he became Richmond mayor, then Virginia’s lieutenant governor and governor. His 2006-10 term in the Executive Mansion was marked by both the Great Recession and the Virginia Tech shooting that left 32 dead.

The Kansas City, Kansas, metro area native and civil rights attorney became Virginia’s junior senator in 2013 and was re-elected for a third term in 2024. In 2016, Kaine was Hillary Clinton’s running mate in her unsuccessful presidential bid.

In the Senate, Kaine serves on the Armed Services, Budget, Foreign Relations, and Health, Education, Labor, and Pensions committees. With fellow Democratic U.S. Sen. Mark Warner, Kaine has taken aim at President Donald Trump’s federal employee layoffs and cuts to government services, including Medicaid.

He and Republican U.S. Sen. Rand Paul tried to limit Trump’s military authority after January’s attack on Venezuela, but their war powers resolution failed in a mostly party-line Senate vote.

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2026 Va. Leadership on the move: Marshall Rabil

In June 2025, Rabil, the grandson of the founders of Hubbard Peanut Co., the maker of Hubs peanuts, became the company’s new president and CEO. He succeeded his mother, who moved into the role of executive adviser. Most recently, Rabil was the company’s director of sales and marketing. During his tenure, Rabil has developed strategic marketing partnerships with PGA Tour events, expanded wholesale partnerships and hired more full-time employees.

2026 Virginia Power 50 List: CHRISTOPHER D. KASTNER

Kastner was tapped in 2022 as CEO of , the nation’s largest military shipbuilder and a company that owns , Virginia’s biggest industrial employer. Prior to that, he served as chief operating officer and chief financial officer for HII, which has 44,000 employees and reported $11.5 billion in fiscal 2024 revenue.

Despite widespread economic hiccups among government contractors under the Trump administration, HII has fared relatively well. It did wind up laying off 167 NNS employees in November 2025, some of 471 workers who were furloughed in June, but HII and NNS were awarded $1.2 billion in Navy contract modifications in May 2025 and a $471.9 million Navy contract late last year. Also, HII announced in December it is investing $28 million to build an aircraft carrier and submarine plant in Hampton.

A graduate of the University of California, Santa Barbara, and Pepperdine University, Kastner was named to New York Life Insurance’s board in 2025. Kastner sits on the powerful board of the Business Roundtable, an association for the nation’s leading CEOs.

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2026 Va. Leadership on the move: Spencer Rakes

Flagstop Car Wash promoted Rakes from chief operating officer to CEO in September 2025, a year and a half after he joined the company.

As COO, Rakes drove member growth, oversaw Flagstop’s mobile app rollout and improved operating efficiency. Previously, Rakes held leadership roles with fuel supplier and travel center chain Pilot, Dollar General, Sears Holdings and Kmart.

2026 Virginia Power 50 List: ARIE KOTLER

An Israeli native, Kotler has led , the nation’s sixth largest convenience store chain and parent company of GPM Investments, since 2020, when it merged with Haymaker Acquisition Corp. II to become a U.S.-listed public company. He founded GPM in 2003, sold the business in 2006 and reacquired it in 2011.

The company has been on an M&A journey in recent years, expanding from 200 convenience store sites in 2013 to approximately 3,600 company-operated stores as of March 2025. It ranked No. 488 on the 2025 list and has more than 11,000 employees. Arko brought in $20.8 million in net income in fiscal 2024, down from the nearly $35 million reported the previous year.

In February, Arko completed a $200 million initial public offering of its Arko Petroleum subsidiary, including the operations of Arko’s wholesale, fleet fueling and its GPM Petroleum business, which supplies fuel to its sites.

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