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2010


EXECUTIVE WOMEN IN BUSINESS • July 21, 2010

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The 2010 Executive Women in Business make wise decisions daily.

Previous Honorees and Judges 2007 Honorees Marge Connelly • Wachovia Securities Michelle Gluck • LandAmerica Eva Teig Hardy • Dominion Judges Scott Bass • News Editor, Style Weekly Pam Belleman • Partner, Troutman Sanders Brand Meyer • President, Financial Services Group of Wachovia Securities Laura Freitag • Partner, Ernst & Young Victor Branch • Senior Vice President, Bank of America Thomas Chewning • Executive Vice President and Chief Financial Officer, Dominion

2008 Honorees Katherine E. Busser • Capital One Lyn McDermid • Dominion Erika Davis • Owens & Minor Judges Laura Freitag • Partner, Ernst & Young Victor Branch • Senior Vice President, Bank of America

You can make Wysor decisions, too.

Lori Waran • Publisher, Style Weekly Eva Teig Hardy • Executive VP for External Affairs and Corporate Communications, Dominion Michelle Gluck • Executive VP, Chief Legal Officer and Corporate Secretary, Land America Jill Webb • Partner, Troutman Sanders

2009 Honorees Grace den Hartog • Owens & Minor Linda Schreiner • MeadWestvaco Bonnie Shelor • Bon Secours Virginia Health Systems s i Lv e r & 18 K t j e w e L r y

Judges Julie Ehlers • Director of Marketing & External Relations, Robins School of Business Lori Waran • Publisher, Style Weekly

121 Libbie Avenue | 282-7018 www.carrerasjewelers.com Carreras Ltd. is on Facebook

Brian Jackson • General Counsel, Ukrops Paula G. Mahan • U.S. Trust Bank of America Jill Webb • Partner, Troutman Sanders Andrea Childress • Partner, Ernst & Young Employment listed as current at time of event.


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Housing. Energy. Healthcare. You’d have a hard time naming three more turbulent industries. Yet that’s where we found the winners of the 2010 Executive Women in Business Awards. All three of these leaders have a knack for finding answers to tough problems while keeping their eyes fixed on the future. A few years back, people told Susan F. Dewey, executive director of the Virginia Housing Development Authority, that she should start offering adjustable-rate mortgages and other non-traditional loans. Dewey didn’t do it. It just wasn’t in the best interest of the lower-income Virginians the VHDA serves, she decided. Since then, Dewey has led far-reaching efforts to educate prospective homeowners, counsel Virginians going through foreclosure, and make housing more affordable statewide. At a time when the energy industry is reeling from the Gulf of Mexico oil spill and the Upper Big Branch mine explosion, Mary C. Doswell leads

Dominion Resources’ efforts to move beyond traditional energy sources. As senior vice president for alternative energy solutions, Doswell seeks out new technologies that will change the way we power our cars, our homes and our lives. Linda Nash, founder and CEO of PartnerMD, observed firsthand how rushed and shallow doctor-patient relationships had become. By the time a patient opened his mouth to ask a crucial health question, the doctor’s hand was already on the doorknob as she headed to her next appointment. So Nash founded a new kind of medical practice, one that allowed doctors to build personal relationships with patients and help them proactively manage their health. Not only do these remarkable women do all of this on the job, but they also dedicate themselves to their families and to the Richmond community. Style Weekly, Ernst & Young and Troutman Sanders congratulate the 2010 winners of the Executive Women in Business Awards.

Style Weekly would like to thank our corporate partners Ernst & Young LLP and Troutman Sanders LLP; our awards sponsors Carreras Jewelers and McGeorge MercedesBenz; and the 2009 Executive Women in Business Luncheon Table Sponsors, Bon Secours Virginia Health System, MeadWestvaco Corporation, Owens & Minor, Inc., U.S. Trust, Bank of America Private Wealth Management and Momentum Resources.

July 21, 2010 • EXECUTIVE WOMEN IN BUSINESS

2010 Judges Panel: Chip Phillips, Richmond Managing Partner, Ernst & Young, LLP; John A. Luke, Jr., Chairman and CEO, MeadWestvaco; Jan Stone Rice, Executive Director, ACG Richmond; Victor K. Branch, Senior Vice President, Bank of America; Lori C. Waran, Publisher, Style Weekly; Jill M. Webb, Partner, Troutman Sanders, LLP

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Š 2010 Ernst & Young LLp. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLp is a client-serving member firm located in the US.

To the top?

Helping women achieve their full potential makes all the difference to our business at Ernst & Young. We salute all of the Executive Women in Business finalists for empowering other women in their organizations. When everyone has the opportunity to succeed, we all reach new heights.

What’s next? ey.com


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Mary C. Doswell Senior V ice Pr esident, A lter native Energy Solutions ~ dominion Resources ~

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her undergraduate degree in physics—with a minor in economics—from Mount Holyoke College, she went on to MIT. Doswell studied both materials engineering, where she was the only woman in many of her classes, and econometrics at the Sloan School of Management. There she became engaged to John C. Doswell II, a Richmond native who was studying periodontics at Tufts Medical Center. Mary Doswell began searching for a Richmond company that could make use of her talents and found it in Virginia Electric and Power Company (which later became Dominion). Irene Moszer, one of the first female executives at Virginia Power, hired Doswell as an economic forecaster in 1982. Doswell rose rapidly at Dominion, taking on leadership roles in almost every department over the years. When she became president and CEO of Dominion Resources Services, she began to take a lasting interest in mentoring and developing young leadership candidates: “You’re always looking for the ones who have the potential and making sure they don’t get lost.” She implemented career planning initiatives to support the advancement of women and minorities, and chaired a

council focused on ensuring employee diversity. In the nonprofit realm, Doswell has made waves for Richmond water lovers. As board chair of the Virginia Commonwealth University Rice Center for Environmental Life Sciences, she helped the center plan and raise funds for its super-green, LEED-certified, riverside research center. And as president of the Poseidon Swimming Foundation, she negotiated the purchase of two pools that had been used for Olympics trials, as well as a site for the foundation’s planned aquatics center. Her achievements and volunteer commitments are even more remarkable when you find out that Doswell has five daughters, ranging in age from 24 to 15-yearold twins. And in all the years of lacrosse, basketball games, running and swim meets, “I can only think of a couple times when we missed something,” she says. Doswell does it by making family her second job and her first priority, she says. And she ensures her Dominion team can have that balance too, by fostering an atmosphere of respect and teamwork instead of looking over their shoulders. “It’s amazing what people will do on their own to get things done,” she says.

July 21, 2010 • EXECUTIVE WOMEN IN BUSINESS

en years from now, you can expect to see more from Dominion Resources than the same old blue electric bill. More Dominion customers will have rooftop solar panels. A plug-in hybrid car in the garage. Real-time information about energy use, cost and choices. “It’s just changing every day,” Mary Doswell says of the alternative energy landscape. “All of a sudden, something is just going to stick”—she claps—“and go.” Named Dominion’s first Senior Vice President of Alternative Energy Solutions in 2009, Doswell launched the company’s explorations into new energy sources and smart grid technologies. Her tight-knit team of about 25 energy experts conducts alternative energy research and seeks out opportunities for Dominion to invest in sustainable energy development. In June, the division announced its plans to build a $27.9 million solar and battery storage project in Halifax County, which, if approved, would be the largest solar facility in Virginia. Doswell is a rare combination of analytical scientist and big-picture businesswoman. After she earned

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EXECUTIVE WOMEN IN BUSINESS • July 21, 2010

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Linda Nash Founder and CEO

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he inspiration for concierge medicine practice PartnerMD was an ornery horse named Rooster. On a family vacation in Montana about 10 years ago, Linda Nash decided to take a riding lesson. Rooster promptly threw her off. Hard. In pain, with rocks embedded in her skin, Nash went to the hospital in Bozeman—which refused to admit her until they talked to her primary care physician. Nash waited, and waited. “We could not get through that front desk,” she says. After she was admitted, she was parked in the hospital hallway because the examination room was needed for a heart attack patient. “I started thinking, ‘What was wrong with this picture?’” The answer: a lot. So Nash drew a new picture. In 2003, she founded PartnerMD, a membershipbased primary care practice that offers personalized medical care. Instead of the 7 to 12 minutes of face time the average patient gets with his or her doctor, PartnerMD offers no-wait appointments that are rarely shorter than 30 minutes. Instead of

~ Pa rtner MD ~

wrestling with medical “gatekeepers,” patients get 24/7 access to their doctor by phone or email. And to ensure major medical concerns aren’t overlooked, each patient gets an in-depth annual physical and personalized health plan. Nash and her co-founder, Dr. James Mumper, thought one staff doctor would be more than enough to serve the 1,000 potential clients they expected to have. PartnerMD now has nine doctors, 3,800 patients and two new locations in Midlothian and McLean. “The demand does not stop,” she says. PartnerMD’s annual membership fee is $1,700 for an individual, plus additional, lesser fees to add a spouse and/or children (health insurance is also required). Nash is the first to admit that concierge care isn’t for everyone. But as part of PartnerMD’s commitment to improving healthcare, each of the practice’s doctors receives 10 scholarships to give to deserving people who otherwise couldn’t afford a membership. PartnerMD is actually the third successful enterprise Nash has launched. The first was in the early 1980s, when Nash noticed her friends struggling to find daycare for their older children. With a

neighbor, a rented church space and a few hundred dollars, she opened School’s Out, Richmond’s first childcare center exclusively for school-age children. One location became six, and 15 years later she sold the company. Nash’s next venture was The Compass Schools, a private preschool and kindergarten based on the Italian Reggio Emilia model, which allows a school curriculum to emerge naturally from children’s interests. After serving as CEO for two years, Nash sold the company; there are now five locations in Virginia, Ohio and Illinois. “Being an entrepreneur is a great life,” Nash says. A mother of three, she also makes time to support causes that are near to her heart. In 2006, she offered her home to a young Afghan student who needed somewhere to stay over the holidays. Rahila Muhibi had come to the United States to study, seeking to escape the Taliban and an arranged marriage to a cousin back in her village. “I was so fascinated by her story and her struggle,” Nash says. She has since helped Muhibi raise more than $15,000 for her nonprofit, the 100 Mothers Literacy Program, which teaches young Afghan mothers to read and write.


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Susan F. Dewey Executive Dir ector

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~ V irginia Housing Development Author ity ~

communication. “It’s not about the structure,” Dewey says. “It’s about the people who live in the structure.” As the recent mortgage crisis began, the VHDA leapt into action to protect vulnerable Virginians. In 2008, Dewey made homeownership classes mandatory for all VHDA borrowers. The VHDA has also trained more than 300 foreclosure prevention counselors and hosted six foreclosure prevention clinics around the state. Realizing that many people were reluctant to open official-looking letters, the VHDA recently sent a DVD to clients who were 60 days late on their mortgage, letting them know the VHDA was ready to help. “It’s a personal thing with foreclosure,” Dewey reflects. “People are afraid to call… The sooner you call us, the sooner we can help.” Beyond addressing the current mortgage crisis, Dewey works to make housing more affordable everywhere. She led the VHDA’s Community Transformation Initiative, a loan program for mixeduse, mixed-income developments that revitalize struggling neighborhoods. Dewey is currently

working with Virginia legislators and economic leaders to create the first-ever statewide housing policy. And in her role as president of the National Council of State Housing Agencies, she collaborates with the U.S. Treasury and Department of Housing and Urban Development to find resources that states can use to alleviate housing problems. Dewey also believes that financial literacy should be taught long before someone applies for a mortgage. She’s the incoming chair of the Virginia Council on Economic Education’s executive committee, which prepares teachers to teach the often-intimidating topic of personal finance to school-age children. The rewards of all this high-level work are the individual stories of homeowners. Led by Dewey, the VHDA began servicing home loans pro bono for Habitat for Humanity, and VHDA employees volunteer on a build site each year. Dewey will never forget the year they built an accessible, energyefficient home for a couple of newlyweds in Danville who both used wheelchairs. Seeing them easily enter their own home for the first time, she says, was “phenomenal.”

July 21, 2010 • EXECUTIVE WOMEN IN BUSINESS

f only every mortgage lender had followed the lead of the Virginia Housing Development Authority. All mortgages would be plain old 30-year fixed rates. “Subprime” would never have entered our vocabulary. And everyone who wanted to buy a house would have had to first take a class explaining exactly what they were getting into. “We don’t want to put someone in a hole if they can’t afford it,” says Executive Director Susan Dewey. For 38 years, the VHDA (the state’s mortgage finance agency) has been helping Virginians with low to moderate incomes buy their own homes. The authority also provides financing for affordable rental housing, housing assistance for people with disabilities and the elderly, and free education for future homeowners. Dewey became the first female executive director of the VHDA in 1999, after serving three years as State Treasurer and 14 years in other positions at the state treasury. The VHDA has always been “an exceptional authority,” she says, but as the new director, she sharpened its focus on education and

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Women in Business. Checkmate. Women in Business. Checkmate.

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