Triad

Novant cancels plans to buy Halifax Regional

October 6, 2014

(Winston-Salem Journal)

Novant Health has called off its attempt to acquire 204-bed Halifax Regional Medical Center in Roanoke Rapids. The Winston-Salem-based health-care system will continue its management-services contract with the hospital for two more years.

Krispy Kreme announces CFO retirement

October 6, 2014

(Winston-Salem Journal)

Douglas Muir, chief financial officer of Winston-Salem-based Krispy Kreme Doughnuts since 2007, will retire in 2015. Muir's retirement is the fifth change within the company's executive management team since February.

BofA names Ellington president of Triad market

October 6, 2014

(Winston-Salem Journal)

Bank of America Corp. named Greenboro-based Derek Ellington president of its Triad market. He replaces Steve Frost, who retired after 20 years with the bank.

Greensboro's Bell Partners, DRA Advisors sell $1.8 billion apartment portfolio

October 3, 2014

(News & Record, Greensboro)

Greensboro-based Bell Partners and New York-based DRA Advisors sold more than 20,000 apartments to Lone Star Funds for $1.8 billion. The properties were originally part of a joint venture between the two companies. Bell Partners will continue to manage the properties, which are located in 64 communities across the United States.

Novant to exit management of Gaffney, SC hospital

October 3, 2014

(Winston-Salem Journal)

Novant Health signed a letter of intent to allow a subsidiary of Franklin, Tenn.-based Community Health Systems acquire 125-bed Gaffney Medical Center in South Carolina.

Former Wake Forest Baptist CFO takes job in Detroit

October 3, 2014

(Winston-Salem Journal)

Edward Chadwick, who resigned as chief financial officer of Wake Forest Baptist Medical Center June 30, will become CFO of Henry Ford Health System in Detroit.

CFO of Greensboro's VF Corp. to retire in 2015

October 2, 2014

(Winston-Salem Journal)

Robert Shearer will retire as senior vice president and chief financial officer of VF Corp. after 28 years with the Greensboro-based apparel manufacturer. Scott Roe, vice president and chief accounting officer, will succeed him.

More than 90,000 claim checks issued in ZeekRewards case

October 1, 2014

(The Dispatch, Lexington)

The receiver in the ZeekRewards.com case said 90,297 checks were being issued to claimants who lost money in the Lexington-based Ponzi scheme. The first interim, partial distributions total about $134.2 million.

Cone Health announces $100 million plan for new projects

September 29, 2014

(News & Record, Greensboro)

Cone Health will spend $100 million to relocate its Women's Hospital to a new 50,000-square-foot addition at its main Greensboro campus and build a new Behavioral Health Hospital. Both projects are expected to be completed by 2019. 

 

Wall promoted to senior VP at NewBridge Bank

September 30, 2014

(Winston-Salem Journal)

Greensboro-based NewBridge Bank named Trent Wall senior vice president. A commercial loan officer with 10 years of experience, Wall will be in charge of business development for the Winston-Salem area.

Company could create 40 jobs in Mocksville

September 29, 2014

(Winston-Salem Journal)

A public hearing will be held Oct. 6 to consider incentives for an unidentified global production company that could create 40 jobs in Mocksville. The company would invest at least $8.2 million and could create an additional 20 jobs at a 108,000-square-foot building that could be expanded to 150,000 square feet.

 

Sheetz to open $32 million Burlington distribution center

September 26, 2014

(Winston-Salem Journal)

Sheetz is preparing to open a $32.8 million, 250,000-square-foot manufacturing and distribution center in Burlington to serve about 150 of its convenience stores in North Carolina, Virginia and West Virginia. A ribbon-cutting is scheduled for Nov. 12. 

UNC board to announce WSSU chancellor on Friday

September 26, 2014

(Winston-Salem Journal)

Following a four-month search, the UNC Board of Governors is expected to name a new chancellor at Winston-Salem State University on Friday.

RF Micro headquarters to stay in Greensboro after merger

September 25, 2014

(News & Record, Greensboro)

RF Micro Devices confirmed it will maintain its Greensboro headquarters after the chip-maker's upcoming merger with Hillsboro, Ore.-baesd TriQuint Semiconductor. The new holding company for the two companies will be called Qorvo and will be valued at about $2 billion. 

Duke Energy will grant $2 million for water-improvement on Dan River

September 25, 2014

(Winston-Salem Journal)

Duke Energy will provide at least $2 million for conservation efforts and water-quality improvement along the Dan River, the site of the Charlotte-based utility's February coal-ash spill (cover story, April)

Novant to build medical office in Guilford County

September 24, 2014

(Winston-Salem Journal)

Novant Health will build a 6,200-square-foot medical office in High Point to support its 50-bed Kernersville Medical Center. The Winston-Salem-based health system expects to break ground on the site by early November and the center should open in 2015.

Former Wells Fargo employee files complaint over Wachovia acquisition

September 24, 2014

(Winston-Salem Journal)

A former Wells Fargo & Co. employee says in a complaint filed Monday that the San Francisco-based bank broke federal regulatory laws in its 2008 acquisition of Wachovia Corp. George Hartzman of Greensboro filed a lawsuit in 2013 seeking $31.1 million in damages. Two previous shareholders lawsuits were dismissed by a North Carolina Business Court judge in 2011.

PepsiCo exec to become president of R.J. Reynolds Tobacco

September 22, 2014

(Winston-Salem Journal)

Reynolds-American named Debra Crew president of subsidiary R.J. Reynolds Tobacco Co. effective Oct. 1. Crew comes from PepsiCo, where she has held various executive leadership roles. She replaces Andrew Gilchrist, who will become an executive vice president with the parent company. 

Duke Energy identifies five properties for site-readiness program

September 22, 2014

(Winston-Salem Journal)

Duke Energy has chosen five central N.C. locations for its site-readiness program. Properties selected for the program, which the utility will help market for corporate expansions and relocations, include a 320-acre tract in Guildford County and a 1,470-acre site in Chatham County, which economic developers have touted as a potential "megasite" for an auto manufacturer. Other sites include ones in Lincoln, Rowan and Vance counties.

VF Corp. hires leader for jeanswear research center

September 19, 2014

(News & Record, Greensboro)

VF Corp. has tapped Sudhakar Puvvada to lead its Global Jeanswear Innovation Center at a yet-to-be-determined location in Greensboro. Puvvada comes from Kentucky-based chemical company Ashland Inc., where he was vice president for technology platforms, and worked in product development for 14 years at Unilever.