Va. receives $22.7M to reclaim abandoned mine lands
Federal funding aims to attract projects, job opportunities in SWVA
The Virginia Department of Energy will receive $22.7 million in federal funding toward redeveloping abandoned mine lands across the commonwealth, Gov. Glenn Youngkin announced Wednesday. The funding is aimed at redeveloping the sites so that they can be used to attract new development and job opportunities to the region. Handled through Virginia’s Abandoned Mine Lands
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Carsales.com to fully acquire Trader Interactive
Aussie vehicle sales platform already owned 49% of Norfolk online marketplace
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Australian online auto sales forum Carsales.com Ltd. plans to acquire the remaining 51% of Norfolk-based Trader Interactive from Eurozeo and Goldman Sachs Asset Management for $839.14 million, the companies announced this week. Carsales.com bought 49% of Trader Interactive in August 2021 for $624 million and will now own the company in its entirety, funding the
UNOS CEO announces departure
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Richmond-based UNOS, the United Network for Organ Sharing, will begin seeking a new chief executive at the end of September, the nonprofit announced Tuesday. CEO Brian Shepard will leave after nearly a decade with the UNOS, which administers the nation’s organ procurement and transplantation network. UNOS’s chief operating officer, Maureen McBride, will serve as interim
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Leidos withstands GDIT’s protest over $11.5B contract
Contract is largest in contractor's history
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The U.S. Government Accountability Office issued a decision earlier this month denying a protest filed by Falls Church-based General Dynamics Information Technology Inc. over an $11.5 billion defense contract won by another Fortune 500 contractor, Reston-based Leidos Inc. The Defense Information Systems Agency for Defense Enclave Services awarded Leidos the single-award, indefinite-delivery, indefinite-quantity contract with
Dollar Tree overhauls C-suite
Company seeking replacements for COO, four other execs
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Chesapeake-based Fortune 500 discount retailer Dollar Tree is overhauling much of its C-suite leadership, the company announced Tuesday. Dollar Tree Stores Inc., which also owns the Family Dollar chain, is seeking permanent replacements for its chief operating officer, chief strategy officer, chief financial officer, chief information officer and chief legal officer. Dollar Tree CFO Kevin
EAB to expand, add 200 jobs in Henrico County
$6M investment will consolidate operations
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EAB, a direct marketing and recruitment firm for higher education institutions, expects to add at least 200 jobs with a $6 million expansion in Henrico County, Gov. Glenn Youngkin announced Tuesday. The firm, formerly Royall & Co., will relocate from two locations on East Parham Road and consolidate its Henrico operations into a 70,000-square-foot space
Coffee roaster to invest $29M to expand Suffolk facility
Massimo Zanetti Beverage USA expansion expected to create 79 jobs
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Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the
Va. Beach native to lead Navy Region Mid-Atlantic
Change of command scheduled June 30
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The next commander of Navy Region Mid-Atlantic is a former naval flight officer and Virginia Beach native. Rear Adm. Christopher “Scotty” Gray will take over for Rear Adm. Charles “Chip” Rock during a change of command ceremony scheduled at Naval Station Norfolk Thursday. Rock, who has commanded a region overseeing 14 naval installations and nearly
Williamsburg apartments sell for $100M
Bonaventure sells Bend Arbordale complex
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Alexandria-based real estate company Bonaventure has sold The Bend Arbordale apartments in Williamsburg for $100 million. Bonaventure sold the 289-unit apartment complex to Illinois-based The Inland Real Estate Group, Bonventure announced Friday. Located at 401 Bulifants Blvd., the community has two- and three-bedroom apartments with private balconies or patios. It has a swimming pool, fitness
Valiant awarded $255M Air Force contract
Contractor to provide services to allied nations' air forces
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Valiant Integrated Services LLC, a Herndon-based government contractor, has been awarded a 10-year, $255 million contract by the U.S. Air Force to provide F-16 international aircraft maintenance and pilot training to U.S. partner nation air forces, the company announced Thursday. The indefinite-delivery/indefinite-quantity contract consists of 100% foreign military sales and enables the company to provide
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Va. Tech business school dean retires, interim named
Roberta "Robin" S. Russell to serve during national search
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Virginia Tech’s Pamplin College of Business has named Roberta “Robin” S. Russell as its interim dean, effective July 1. Russell, who heads Pamplin’s Department of Business Information Technology, succeeds Robert Sumichrast, who has retired. Russell will serve while the college conducts an international search for a new dean. In May, Tech hosted in-person and virtual
William & Mary names new business school dean
Todd Mooradian returns to W&M
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William & Mary has named Todd Mooradian, who spent much of his career at the university, to lead its Raymond A. Mason School of Business beginning next month. The university announced the hire July 1. Mooradian has been dean of the University of Louisville’s College of Business since 2017 but previously spent 27 years as
Capital Square promotes asset management execs
Chris Hirth, Jerad Nielsen climb ladder
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Henrico-based real estate investment firm Capital Square has promoted Chris Hirth to senior vice president of asset management and Jerad Nielsen to vice president of asset management, the company announced Tuesday. Hirth joined the firm in 2016 as an asset manager and is responsible for oversight of Capital Square’s portfolio of apartment properties throughout the
Henrico Doctors’ Hospital names new chief medical officer
Dr. Ajit Singh previously oversaw care at Johnston-Willis Hospital
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Dr. Ajit Singh is the new chief medical officer of Henrico Doctors’ Hospital, HCA Virginia Health System announced Wednesday. Henrico Doctors’ Hospital encompasses the Forest, Parham and Retreat campuses. “Ajit values teamwork and is passionate about providing best-in-class care to our patients,” Henrico Doctors’ Hospital CEO Ryan Jensen said in a statement. “We are fortunate
Opinion
Higher gas prices are needed
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The U.S. inflation rate, which reached 8.6% in May, is at its highest point in 40 years. In 1982, it was just over 6%. Since then, the U.S. inflation rate has hovered mostly in the 2% to 4% range. The inflation rate is determined by changes in the cost of a fixed basket of 80,000
The evolving workplace (or what I wish I told my younger self)
Advice from retiring Ernst & Young exec Rich Jeanneret
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In 1983, when I walked through the doors of my first job in Washington, D.C., I could have never anticipated where life would take me — from a young staff accountant to a vice chair at Ernst & Young, advising C-suites and boards, as well as leading thousands of professionals. And now it’s bittersweet to
Interesting times
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History doesn’t repeat itself, but it often rhymes, according to an apt but apocryphal quote frequently misattributed to Mark Twain. We’re certainly seeing that dynamic writ large in the 2020s, though events don’t seem content with reviving just one era. A deadly pandemic has taken millions of lives across the globe. Inflation and mortgage rates
Something phishy
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About seven or eight years ago, I was sitting at my desk one morning when I received an urgent text from my then-boss. She was holding a meeting, according to the text, and needed me to purchase $1,000 in electronic gift cards as a giveaway to the attendees as soon as possible. Needless to say,