The WilmingtonBiz 100: The Power Players

The WilmingtonBiz 100: The Power Players

The Power Players – The businesspeople and officers having the best influence on the area’s enterprise and financial panorama

Spence Broadhurst & Hannah Dawson Gage

Chair & Vice Chair, New Hanover County Community Endowment

Spence Broadhurst is president of the Eastern North Carolina area for First National Bank. A former mayor of Wilmington (2003- 06), he additionally beforehand served as N.C. Banking Commission commissioner. Broadhurst served as co-chair of the Partnership Advisory Group, a 21-member group that final yr weighed the way forward for NHRMC and finally voted unanimously to advocate promoting the native well being system to Winston-Salem-based Novant Health.
Hannah Dawson Gage additionally served on the Partnership Advisory Group final yr. Gage, a retired media govt and former proprietor of Cape Fear Broadcasting, served on the UNC Board of Governors for 16 years together with as chair. She additionally has served as chair of the UNCW Board of Trustees.
Why They’re Power Players:
Broadhurst and Gage have been named to move up the $1.29-billion group basis established from the sale of the county-owned NHRMC.
This yr, they, and the others on the 13-member board, have been answerable for creating the endowment’s governance construction, together with adopting bylaws, creating an preliminary funding coverage, and growing a long-range funding technique for the funds.
They launched a nationwide seek for a president and CEO intending to rent somebody by the tip of the yr.
After the president is in place and a strategic plan developed, the thought is to begin issuing grants to organizations that concentrate on public schooling (cradle to school); well being and well being fairness; group security; and group growth.
Because of the endowment’s measurement, officers have mentioned the funding has the potential to influence New Hanover County for generations.

Bill Cameron

Co-Founder & President, Cameron Management, Inc.

Bill Cameron’s funding administration firm focuses on actual property growth, brokerage and property administration, and he and his household have a protracted historical past of each shaping the area with growth and serving the group.
Why he is a Power Player:
Cameron is a member of the New Hanover Community Endowment board, shaped by the sale of the county-owned New Hanover Regional Medical Center to Novant Health.
He was a founding member and director of Port City Capital Bank and director of Crescent State Bank following its acquisition of Port City Capital Bank in 2006. Cameron at present serves on the board of administrators for Live Oak Bancshares, Cape Fear Memorial Foundation and Champion McDowell Davis Foundation.
Cameron has beforehand served on the board of administrators of the UNC Health Care System, Wilmington Chamber of Commerce and Cape Fear Memorial Hospital, amongst many others. He can also be previous president of the N.C. Azalea Festival and has served as a deacon and elder for St. Andrews-Covenant Presbyterian Church.
The influence of Cameron’s household on the world extends again earlier than the Civil War and is clear within the area at the moment.
Recent Cameron developments embody purchasing and leisure middle The Pointe at Barclay in midtown Wilmington and the International Commerce Center on the International Logistics Park in Brunswick County.
First of many: The International Commerce Center is the primary growth going down within the logistics park, and the primary tenants introduced for the constructing are Tri-Tech Forensics and Precision Swiss Products Inc.

Brian Clark

Executive Director, N.C. Ports

Brian Clark turned govt director of the N.C. State Ports Authority in January 2021.
Why he’s a Power Player:
The Port of Wilmington, with Clark on the helm, continued to see important funding this yr in its infrastructure.
Cold storage specifically was a spotlight. In August, the N.C. Ports Authority board permitted a 30-year lease settlement with Cold Summit Development to carry 460,000 sq. ft of cold-storage house in two buildings off Raleigh Street.
The Port of Wilmington completed a brand new refrigerated container yard final yr, boosting the port’s on-terminal refrigerated container plugs from 235 to 775 within the $14 million building undertaking. The ports authority will make investments one other $19 million to additional broaden the refrigerated container yard subsequent yr.
2021 was a report yr for refrigerated cargo on the port, officers mentioned, and container quantity was up for the 2021 fiscal yr in comparison with the yr earlier than.
Global provide chain disruptions and labor shortages have impacted ports nationwide this fall, together with two of the Asian trans-Pacific companies that cease at Wilmington’s port. Because the services are much less congested than bigger ports, Wilmington is able to entice extra shippers, Clark mentioned, including that basic cargo quantity is up as shippers alter to transferring items with out the big containers.
What’s subsequent: Clark is main a container terminal grasp plan geared toward rising the capability of the Port of Wilmington. And the proposal to deepen the navigation channel from 42 ft to 47 ft to draw bigger ships continues to be a long-term aim, however one which should nonetheless be studied and funded.

Huntley Garriott

President, Live Oak Bank

Huntley Garriott was appointed president of Live Oak Bank in 2018. He beforehand had a greater than 20-year profession at Goldman Sachs, the place he was a associate within the agency’s funding banking division and served as co-head of its banks and specialty finance workforce throughout the monetary establishments group.
Why he’s a Power Player:
Garriott is president of the biggest SBA 7(a) lender within the U.S., and small-business exercise stays strong for the Wilmington-based bank. It originated over $1 billion in loans in every of the previous two quarters.
Since Garriott joined Live Oak, the corporate’s steadiness sheet has greater than doubled to $8 billion in property.
In August, Live Oak transformed greater than 60,000 Live Oak Bank retail and industrial deposit prospects from its legacy core system to the Finxact cloud-based core.
Locally, Live Oak plans to quickly launch an inclusive small enterprise useful resource middle downtown. The middle is meant to offer academic assets and instruments to small enterprise house owners who’ve historically been underserved.
Also regionally, in February, Live Oak introduced a $2.5 million funding with Cape Fear Collective to help inexpensive housing options within the area, with plans to broaden this system regionally and ultimately statewide.
Number of staff: 722

Brian Eckel

Partner, Cape Fear Commercial/GHK Cape Fear Development; Novant Health Board of Trustees Member

Brian Eckel co-founded Cape Fear Commercial with Vin Wells in 2001 and has had a significant influence on the industrial actual property business, growth and the native enterprise group. He serves on quite a few high-profile boards, together with the Novant Health Board of Trustees.
Why he’s a Power Player:
Eckel and his corporations are guiding main growth initiatives within the Wilmington space and past, together with the redevelopment of the New Hanover County Government Center, making a 130,000-square-foot workplace constructing with a brand new emergency operations middle and 280 residences.
Other initiatives embody industrial house and residences at Autumn Hall, a master-planned group on Eastwood Road; the 192-unit Renaissance Apartments on Military Cutoff Road; 206-unit Riverwood at Echo Farms; and a mixed-use undertaking referred to as The Proximity within the planning phases for Carolina Beach, amongst many others. His growth agency has greater than 2,000 different residence models in pre-development.
In addition to the Novant Health guardian board, Eckel accomplished a full time period with the Wilmington Chamber of Commerce board and at present serves on the boards of the Wilmington-Cape Fear Home Builders Association; Business Alliance for a Sound Economy; and the Coastal Region Novant Health. He served as an NHRMC Board of Trustees member for six years. NHRMC was offered in 2021 to Novant Health.
Company numbers: Cape Fear Commercial has a gross sales/leasing quantity of greater than $2 billion and manages over 3 million sq. ft.

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Natalie English

President & CEO, Wilmington Chamber of Commerce

With over 20 years of expertise in chamber of commerce management, Natalie English performs a key function in fostering financial growth successes in Wilmington. English beforehand served because the chief public coverage officer for the Charlotte Chamber of Commerce earlier than becoming a member of the Wilmington Chamber of Commerce in 2017.
Why she’s a Power Player:
English helped spearhead a $4.5 million hospitality, retail and repair business grant program financed by American Rescue Plan funding, allotted to each town of Wilmington and New Hanover County. A complete of 192 native companies acquired grants, starting from $10,000 to $50,000, which the chamber administered.
ARP {dollars} have been additionally attributed to a different effort English advocated for growing a Small Business, Retention, Expansion & Recruitment program, designed to focus on companies with fewer than 25 staff. This program was funded by New Hanover County. She not too long ago employed Josh Hallingse to move up the brand new initiative.
English additionally supported the creation of an apprenticeship program in June, partnering with New Hanover County, Cape Fear Community College and CastleBranch.
Membership roster: Over 100 new members joined the chamber thus far this yr.

Michele Holbrook

Capital Program Manager, Corning Incorporated

Previously Corning’s Wilmington plant supervisor, Michele Holbrook now serves in a broader function for the corporate. As capital program supervisor, she is answerable for the supply of all main capability expansions throughout Corning’s optical fiber and cable division to satisfy rising demand.
Why she’s a Power Player:
Holbrook performs a key function with Corning because the New York-based firm sees nationwide demand for fiber-based broadband service proceed to extend for properties and companies.
In the Wilmington space, Holbrook has been a visual voice on enterprise and group points throughout 2021.
This yr, she chaired the Wilmington Chamber of Commerce’s board, which set insurance policies and established targets to help enterprise progress. Part of that work included arising with progressive methods for chamber members to attach and interact in the course of the altering circumstances of the coronavirus pandemic.
Other chamber board efforts this yr included increasing on the chamber’s expertise pipeline administration work begun in 2020 and becoming a member of the NC Chamber’s Destination 2030 Transportation Coalition. That group is urging the N.C. Department of Transportation and state officers to discover and implement new funding mechanisms that might increase the funds essential to speed up much-needed transportation initiatives.
Beyond the chamber, Holbrook additionally sits on the 13-member New Hanover Community Endowment board – the group that spent this yr laying the groundwork for a way the inspiration will function. Members ultimately could have a say in how grants begin being dispersed regionally from the $1.29 billion endowment.
Award winner: Holbrook acquired Corning Incorporated’s 2021 Excellence in Volunteerism award.

Russ Lopatka

Wilmington Plant Manager, Corning Incorporated

Russ Lopatka took on the function of plant supervisor of Wilmington’s optical fiber manufacturing facility in 2019. He started his profession with the agency in Wilmington as a course of engineer in 2001. He leads an area workforce of about 1,000 staff.
Why he’s a Power Player:
In Lopatka’s second yr heading up Corning’s Wilmington plant, he continued to see the calls for of optical communications connectivity in the course of the pandemic’s shift in work and faculty.
Corning’s optical communications division focuses on innovating to extend the pace and capability of optical networks, serving to community operators improve their infrastructure as utilization will increase. The Wilmington facility makes the optical fiber wanted to reply to the elevated demand.
In June, the corporate launched Corning SMF-28 Contour fiber, an innovation developed in Wilmington. The fiber, the producer says, brings one thing new to the market due to its mixture of bend resilience, compatibility and low loss traits. It is designed to assist telecommunications operators tackle the ever-expanding variety of linked gadgets, the build-out of 5G networks and advances in cloud computing.

That demand for community infrastructure is barely anticipated to develop globally within the years forward, together with the demand for fiber like the sort produced on the Wilmington facility.
Workforce coaching: Corning established a co-op program by way of Cape Fear Community College to offer hands-on experiences and profession alternatives to students.

Chip Mahan

Chairman & CEO, Live Oak Bank

Live Oak Bank, a subsidiary of Live Oak Bancshares, was based in 2008 by James “Chip” Mahan in Wilmington. He can also be the co-founder of Wilmington-based banking expertise companies nCino and Apiture.
Why he’s a Power Player:
Since beginning Live Oak – now the nation’s largest SBA 7(a) lender – in Wilmington, Mahan has continued to have a hand in a rising portfolio of fintech corporations – a lot of them rising their bases within the Port City.
Mahan serves on a number of fintech and monetary companies boards together with Apiture and Finxact. He can also be a managing associate at Canapi, a fintech enterprise capital fund.
In August, Live Oak – which has no bank branches – transformed greater than 60,000 Live Oak Bank deposit prospects from its legacy core system to the Finxact cloud-based core. Live Oak began efforts on a brand new core banking system 5 years in the past when Mahan and different banking leaders requested Finxact founders to create a core-as-a-service platform that enables banks to seamlessly make adjustments to services and products.
Live Oak Bank in 2021 (by way of the fiscal yr ending Sept. 30) made $2.3 billion in loans by way of the Small Business Administration 7(a) loan program.
The UNC Board of Governors additionally appointed Mahan this yr to the UNCW Board of Trustees to serve a four-year time period.
Number of staff: About 720

Tim Milam

CEO, Coldwell Banker Sea Coast Advantage

Tim Milam leads one of many largest residential actual property companies within the area and state. He has grown Coldwell Banker Sea Coast Advantage, which was based in Wilmington in 1988, to 22 places of work that cowl Southeastern North Carolina all the way down to Georgetown, South Carolina.
Why he’s a Power Player:
As the residential actual property market continues to interrupt information, even within the midst of a world pandemic, Milam’s firm is increasing and breaking its personal information.
As of early November, the agency had surpassed $2 billion in gross sales for the third yr in a row and was on monitor to succeed in $3 billion. Milam transitioned to CEO in 2021 after serving as president, a place now held by Denise Kinney. In Milam’s new function, he focuses on large image initiatives and ongoing firm progress.
Some of his and his firm’s current accomplishments embody merging with Coldwell Banker Alliance and opening new places of work within the Brunswick County cities of Boiling Spring Lakes and St. James, in addition to in Emerald Isle in Carteret County.
Milam serves on the boards of Wilmington Business Development, Business Alliance for a Sound Economy and the Wilmington-Cape Fear Home Builders Association.
His charitable work consists of being a founding member of New Hanover Scholars, a nonprofit offering monetary assets to native highschool students from traditionally marginalized communities.
Number of staff: 815 actual property brokers and 70 employees members

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Jim Morton

President, CFCC
Cape Fear Community College President Jim Morton was named to the group faculty’s high spot in 2018 after serving as EVP and vp for enterprise and monetary companies.
Why he’s a Power Player:
CFCC is rising, including and increasing a set of apprenticeship packages underneath Morton’s watch, designed to suit the wants of the world’s enterprise group and strengthen the workforce growth pipeline.
HVAC; automotive techniques expertise; welding; diesel and heavy gear expertise; electrical; fireplace alarm techniques coaching; and plumbing and pipefitting are amongst new or expanded packages that enable students to earn whereas they attend lessons.
The faculty not too long ago shortened its truck-driver coaching program to streamline the schooling course of so students may help meet current market demand. It additionally added affiliate diploma packages in graphic design, medical aiding and substance abuse tech, with a medical lab expertise program deliberate to launch in fall 2022.
Morton has overseen the renovation of the unique campus constructing and the development of a brand new electrical line employee facility on the faculty’s North Campus. The faculty is actively contemplating including new packages as properly, focusing on high-demand fields.
An growth of nursing and different well being and human companies packages is at present underway.
As a part of his function on the helm, Morton oversees CFCC’s 4 campuses, staff and enterprise operations and ensures it’s reaching its tutorial mission. As president, he helped create a profitable alumni affiliation and drove up help for the CFCC Foundation.
Number of staff: 1,530

Pierre Naudé

CEO, nCino
Pierre Naudé was a key participant in founding nCino, a derivative of Live Oak Bank, in 2011. On high of his function as CEO, he’s additionally a member of the agency’s board of administrators. Naudé has greater than 30 years of economic expertise expertise.

Why he’s a Power Player:
nCino spent 2021 persevering with to develop its footprint within the banking world because it added on extra purchasers to its cloud-based Bank Operating System, designed to streamline processes.
More than 1,200 monetary establishments now use nCino together with a few of the largest banks comparable to Barclays, TD Bank, Truist and Bank of America. In September, officers introduced that Wells Fargo had signed onto nCino’s Bank Operating System “to accelerate its digital transformation within its commercial banking and corporate & investment banking businesses, and to transform its commercial lending operations.”

In November, the agency introduced it plans to purchase digital mortgage platform firm SimpleNexus in a deal valued at $1.2 billion.
As nCino continues to take a look at worldwide progress, it signed on bank prospects for the primary time in Germany and France. Other nCino places of work are in Salt Lake City, Utah; Toronto; London; Melbourne, Australia; Sydney; and Tokyo. The Wilmington campus within the Mayfaire space is present process an growth this yr with a brand new parking storage and extra workplace constructing. The undertaking will enable house for at the least 600 extra staff if wanted.
nCino, which went public final yr, has grown from a handful of staff to start with to greater than 1,200 folks right here and globally.
On the pitch: In May, nCino introduced a long-term sponsorship with town of Wilmington to assist fund a brand new sports activities advanced, referred to as the nCino Sports Park, for youth sports activities.

Jose Sartarelli

Chancellor, UNCW
Jose Sartarelli took the reins of UNCW in 2015 after serving as West Virginia University’s chief international officer and Milan Puskar Dean of the College of Business and Economics. After six years on the helm, Sartarelli introduced in September his plan to retire at UNCW, which can take impact in June 2022. Sartarelli spent three a long time within the worldwide pharmaceutical business previous to transitioning to greater schooling.
Why he’s a Power Player:
Sartarelli has grown the college’s enrollment 24% since taking the function. The fall 2021 semester welcomed 18,031 students, the very best in college historical past. Graduate student enrollment ballooned by 121% underneath Saraterelli, with 3,542 students enrolled in fall 2021.
This enrollment progress was the biggest quantity of progress throughout the complete UNC System.
Over the previous few years, UNCW has undertaken a sequence of building initiatives totaling $450 million to broaden the campus so as to add or restore 23 buildings, 4 parking tons and extra.
When Sarterelli joined UNCW, simply 19 Fortune 500 corporations recruited new staff from UNCW; greater than 100 of those corporations now attain into the UNCW expertise pool.
In February, he helped oversee Like No Other: The Campaign for UNCW, a fundraising endeavor that has raised over $90 million in philanthropic help to spice up scholarships, professorships and different college packages. Under his management, the chancellor helped usher within the largest personal philanthropic reward in college historical past: $10 million from David and Helen Congdon and $5 million from Quality Chemical Laboratories.
Number of staff: Nearly 2,500

Shelbourn Stevens

President, NHRMC & Novant Health’s Coastal Market
Shelbourn Stevens is head of the world’s largest employer, New Hanover Regional Medical Center, which is now a part of Novant Health, and likewise president of the Winston-Salem-based well being system’s new Coastal Market. Stevens served as president and COO of Novant Health Brunswick Medical Center.
Why he’s a Power Player:
Following the sale of NHRMC to Novant Health earlier this yr, Stevens moved into the president function not just for New Hanover Regional Medical Center but additionally Novant’s coastal market. (Previous NHRMC president and CEO John Gizdic turned an govt vp and chief enterprise growth officer for Novant after the hospital sale deal closed in February.)
In his function now, Stevens is answerable for the operations of New Hanover Regional. Besides NHRMC, the coastal market additionally consists of Novant Health Brunswick Medical Center, Pender Memorial Hospital and Novant Health Coastal Market Medical Group.
Working by way of the mixing of the brand new Novant Health Coastal Market has been a significant a part of Stevens’ focus this yr.
In April, state regulators additionally permitted Novant’s utility to construct a brand new 66- mattress hospital within the Scotts Hill space of northern New Hanover County – a undertaking for which Stevens is overseeing the design and planning.
All this has occurred towards the backdrop of well being suppliers’ continued response to the COVID-19 pandemic, together with the surge in circumstances.
Number of staff: 8,000

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Jason Thompson

President, American Property Experts; Novant Health Board of Trustees Member
Jason Thompson owns Diversified Biomass Company, which does enterprise as American Property Experts, a recycling and biomass gas manufacturing facility.
Why he’s a Power Player:
Thompson, who beforehand served as a New Hanover County Commissioner for 4 years and as a Wilmington City Council member for eight years, stays concerned in civic life, specifically within the well being care and airport fields.
Thompson was the chair of the NHRMC trustees board, a physique that together with New Hanover County commissioners, needed to evaluate proposals from well being techniques to purchase New Hanover Regional and finally vote on whether or not to promote it to Novant Health.
After the acquisition of the native well being system closed in February, the hospital trustees board transitioned to a brand new hospital board, the Novant Health Coastal Board of Managers, which Thompson joined together with different former trustees, medical suppliers and regional representatives.
He was one among two members of that group chosen to sit down on Novant Health’s 22-member board. Having two native representatives on the Winston- Salem-based well being system’s board was a part of its proposal for getting NHRMC.
Thompson additionally this yr joined the New Hanover County Airport Authority.

Neil Underwood

Partner, Canapi Ventures
Neil Underwood brings his banking expertise as a associate of Canapi, a enterprise capital agency he helped co-found in 2018. Underwood is also president of Live Oak Bancshares, the holding firm of Live Oak Bank. He co-founded Live Oak Bank, nCino and Apiture. Previously, he was a basic supervisor at S1 Corp. in Atlanta.
Why he’s a Power Player:
Canapi, a fund targeted on early- to growth-stage fintech corporations, has helped carry capital to corporations within the Southeast. At the beginning of final yr, Canapi acquired $545 million from its institutional investor base to help innovation in monetary companies.
It ended 2020 with investments of about $650 million from 44 banks and strategic traders.
The investor base, often known as the Canapi Alliance, consists of 11 of the highest 50 and 23 of the highest 100 banks within the United States by whole asset measurement.
Underwood mentioned this summer season that the enterprise capital fund has made 20 investments in 16 portfolio corporations since its begin.
Through the enterprise arm of Live Oak, Underwood helped incubate corporations targeted on digital bank transformation, together with Finxact, Payrailz, ProtectionStorm and Greenlight.

In 2017, he co-founded Apiture, a three way partnership between Live Oak and First Data, serving as a cloud-native omni-channel onboarding and servicing platform.

Trey Wallace

President, Intracoastal Realty Corp.

Wilmington native Trey Wallace leads one of many largest residential actual property companies within the space and one of many largest impartial companies in Southeastern North Carolina.
Why he’s a Power Player:
Wallace, son of firm founder and CEO Jim Wallace, drives the expansion and manages the day-to-day operations of his 400-agent agency, which was based in 1976.
During highschool and persevering with by way of faculty, Trey Wallace labored summers within the firm’s IT division, serving to brokers with the actual property expertise explosion of the early 2000s. After graduating from East Carolina University, he acquired an actual property license in 2010, and over the following couple of years labored as a gross sales agent in Intracoastal’s Lumina Station workplace. In 2013, he made a transition into the corporate’s administration workforce, with a concentrate on operations.
He additionally labored as undertaking supervisor for the profitable Spartina Townhomes undertaking close to Wrightsville Beach. The Spartina II undertaking is bringing 16 luxurious townhomes to the Airlie/Wrightsville Sound space in 2022.
As of November, Intracoastal Realty had surpassed $2 billion in gross sales for the primary time in its firm’s historical past on a 12-month foundation. In 2020, Intracoastal merged with Bald Head Island Ltd.
Trey Wallace is concerned within the Intracoastal Realty Teacher’s Fund, which helps native lecturers who instruct kindergarteners by way of fifth-graders purchase provides and books.
Number of staff: 400 actual property brokers and 100 employees members

Jay Wileman

President & CEO, GE Hitachi Nuclear Energy
Since 2015, Jay Wileman has led GE Hitachi, which has been based mostly in Wilmington for greater than 50 years.
Why he’s a Power Player:
GE Hitachi finds itself in a altering panorama for nuclear vitality, specifically investments in small modular reactors.

In October, GE Hitachi and BWXT Canada Ltd. introduced an settlement to work collectively on the design, manufacturing and commercialization of GE Hitachi’s BWRX-300 small modular reactor. The firm is making an attempt to maneuver towards constructing a Canadian provide that might result in the deployment of its BWRX-300 in Ontario.
Wileman factors to an curiosity within the expertise in a number of different elements of the world together with within the U.S., U.Ok., Poland, Japan, Finland and Estonia.
GE Hitachi additionally is constant to work with TerraPower, an organization based by Bill Gates, to advance the Natrium superior reactor. That expertise was chosen this yr for an illustration undertaking at a retiring coal plant in Wyoming.
With the varied initiatives, GE Hitachi has added extremely expert jobs at its facility in Wilmington. This yr, GE Hitachi additionally launched a digital answer to assist plant operators plan, schedule and govt upkeep and refueling outages.
Corporate adjustments: In November, General Electric Co. introduced it might cut up into three public corporations. GE Hitachi Nuclear Energy, which is an alliance created by GE and Hitachi, falls underneath the GE Power division, which in line with the current announcement, is deliberate to be mixed with the GE Renewable Energy and GE Digital teams right into a enterprise probably spun off by early 2024.

Read extra in regards to the 2021 WilmingtonBiz 100 honorees by clicking right here.