logo
Former Virginia Beach First Citizen Dot Wood, pioneering businesswoman and community leader, dies at 87

Former Virginia Beach First Citizen Dot Wood, pioneering businesswoman and community leader, dies at 87

Yahoo21-04-2025

Dorothy 'Dot' Wood attended college at a time in American society when many women sought higher education with aspirations to find a husband and get their 'MRS degree.'
While Wood did marry the love of her life, Jim, in 1959, she went on to break the glass ceiling and blazed a trail for women throughout Hampton Roads.
A pioneering businesswoman and devoted community leader, Wood died on April 13 at the age of 87. The past First Citizen of Virginia Beach was integral to the establishment of the city's Meals on Wheels program and the Sandler Center for the Performing Arts.
Lisa Baehre, executive director of Sandler Center Foundation, described Wood as one of those people who would move metaphorical mountains to make sure things happened within the city. Wood had helped to raise the funds to build the Sandler Center.
'When she set her sights on something, she went after it,' Baehre said.
Her son Chris, who remembers accompanying his mother on some meal deliveries, said she was 'an absolute champion of the underdog.' In 1974, she had co-founded Virginia Beach Meals on Wheels with Owen Pickett, the late former congressman.
'No one was beneath her. No one was above her,' Chris Wood said. 'She just looked at everybody the same and cared so much about helping and connecting people.'
Wood and her husband established their family home in Virginia Beach in 1965, and she remained fervently in love with her adopted city. A native of Alexandria, Dot Wood had attended Madison College, now known as James Madison University, to study home economics. While family was tightly woven into the fabric of everything she did — she was a room mother, involved in PTA, a Cub Scout leader and later a doting great-grandmother — Wood went on to weave so much more into her life.
In 1978, she founded JD&W, a Virginia Beach-based commercial construction company, back when it was uncommon for women to lead companies, let alone in the predominantly male-run industry.
Wood's firstborn son, Jim, a former Virginia Beach City Council member and vice mayor, recalled his grandfather telling his mother to be careful about starting a company because she would take a job away from a man who needed it to support his family.
'When my mom first started in business, she went to the bank for loans and the banker would call my dad to make sure it was OK,' Jim Wood said. 'It gives you an idea of how different things were back then.'
Nothing deterred Dot Wood. Ever.
'She was always a very strong-willed, stubborn person,' Jim Wood said, stressing it was in a good way.
She was one of the first female members of the Virginia Beach Rotary Club and served as the service organization's first female president.
More than 25 years ago, Wood helped start the Virginia chapter of Commercial Real Estate Women, and she continued to support, advocate for and act as a mentor for women in the industry.
Lisa Murphy, a commercial real estate attorney with Willcox & Savage, spoke fondly of the mentor-turned-friend she spoke with every day. The two met through CREW more than 20 years ago.
'I think it would be hard to find a woman in commercial real estate in Hampton Roads that didn't know Dot Wood and been helped by her in some way,' Murphy said. 'She took everybody under her wing.'
Real estate developer Helen Dragas, president and CEO of the Dragas Cos., met Wood in the late 1990s when she was chair of the Virginia Beach Planning Commission.
'Dot played fairy godmother to us all, embodying guidance, hope and an abundant spirit,' Dragas said. 'She rejoiced in any opportunity to help other women traverse the oft-lonely path she had single-handedly carved in a man's industry.'
Throughout the years, Wood garnered award after award, including First Citizen of Virginia Beach in 1999 by the Jaycees. She nominated Dragas for the same award 10 years later.
'Her nomination was so humbling because she was such an inspirational civic servant-leader,' Dragas said. 'She delighted in elevating other women.'
Dory Wilgus, president and CEO of US Flag and Signal Co., is thankful Wood helped her navigate her way through the construction of her manufacturing facility in Portsmouth years ago. Wood also helped her navigate city life, and Wilgus described Wood as her best friend of more than 40 years.
'If you ever had a problem, you always knew she had your back,' Wilgus said.
Virginia Beach Vice Mayor Rosemary Wilson called Wood a pioneer: When women back then only had the opportunities to become a teacher, nurse or secretary, she carved her own career path.
'We have a lot of acquaintances, but she was my true friend,' Wilson said.
A mother to two sons, four grandchildren and five great-grandchildren, Wood was predeceased by her husband of 63 years.
A celebration of life will be held from 5-7 p.m. on Monday at the Sandler Center for the Performing Arts, 201 Market St., Virginia Beach.
Sandra J. Pennecke, 757-652-5836, sandra.pennecke@pilotonline.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Delta warns new tariffs could force it to stop buying foreign-made airplanes
Delta warns new tariffs could force it to stop buying foreign-made airplanes

Yahoo

time30 minutes ago

  • Yahoo

Delta warns new tariffs could force it to stop buying foreign-made airplanes

WASHINGTON (Reuters) -Delta Air Lines warned new tariffs on imported airplanes and parts could force the airline to stop buying foreign-made planes impacting millions of customers. The Atlanta-based carrier told the U.S. Commerce Department in comments seen by Reuters Thursday that in 2023 and 2024 it took delivery of 47 Airbus aircraft produced in Canada, Germany and France. If the carrier had not been able to take delivery of those planes because of tariffs it would have forced flight cancellations impacting 10 million customers. Delta said a "similar impact could be expected going forward" if the Trump administration imposes new tariffs.

Hedge fund titan Ken Griffin rips White House over tax bill
Hedge fund titan Ken Griffin rips White House over tax bill

New York Post

time31 minutes ago

  • New York Post

Hedge fund titan Ken Griffin rips White House over tax bill

Hedge fund titan Ken Griffin ramped up his war of words with the Trump White House on Wednesday, blasting the president's so-called 'Big, Beautiful' tax bill for adding to Uncle Sam's eye-popping $36 trillion debt pile. The 56-year-old CEO of Citadel, who is worth $42 billion according to Forbes, told the business magazine's annual Iconoclast summit in New York City that if the bill passed, the country would 'unquestionably add several trillion dollars' to the US debt. 'There are a lot of question marks as to why we are continuing to restart tax cuts when we have a fiscal deficit that is this big,' Griffin said at the business magazine's annual Iconoclast summit in lower Manhattan Advertisement 4 Griffin warned that the Trump tax bill will only add to America's debt pile. REUTERS 'The United States' fiscal house is not in order,' Griffin added. 'You cannot run deficits of 6 or 7% at full employment after years of growth. That is just fiscally irresponsible.' Analysis by the nonpartisan Congressional Budget Office forecasts that there is a $2.4 trillion black hole in the president's flagship tax bill. Griffin, who moved his firm from Chicago to Miami in 2022, likewise warned that the administration should rein in spending and that investors are already worried about America's finances — posing major risks in the bond markets. Advertisement 'US default prices are probably the same as Italy or Greece,' he said, referring to the so-called credit default swap markets where investors can bet on whether someone will fail to pay their bills. The GOP megadonor also took aim at Trump for criticizing Walmart CEO Doug McMillon after he warned of needing to raise prices in response to higher import costs. 'We should not criticize CEOs for being honest, right? And that's all the CEO of Walmart was doing,' he told the audience in lower Manhattan. 'Shame on the administration.' Advertisement The Post has approached the White House for comment. 4 Elon Musk, who has only recently left the Trump administration, has been repeatedly griping about the bill on his social media platform X, formerly known as Twitter. REUTERS More broadly, Griffin lamented the 'uncertainty' that now clouds investment decisions in the US as a result of policies that have 'called into question American exceptionalism.' 'The administration's attempts to use tariffs come at a dear price for the US economy and come at a dear price for the US consumers, who will undoubtedly pay higher prices,' Griffin told the audience at the upmarket Cipriani ballroom on Broadway in lower Manhattan. Advertisement 'Why do we aspire to bring back to the United States jobs that are actually moving out of China into lower-cost jurisdictions? Why are we aspiring to be the nation of the lowest cost and the lowest-paid workforce in the world? That makes no sense to me.' 4 The tariff tiff blew up at the Beverly Hills Hilton where Trump's allies organized a rival VIP welcome party to go up against Griffin's traditional Milken opener. Bloomberg via Getty Images Griffin, who voted for Trump in November's presidential election, has been a staunch critic of his administration's tariff and trade policies since the real estate mogul's second inauguration earlier this year. The row between the two men spilled over at the Milken Institute Global Conference in Beverly Hills last month, where allies of President Trump organized a rival VIP welcome bash to go up against the Citadel supremo's traditional opening reception. Trump unveiled his tariff plans on April 2, which he dubbed Liberation Day, as he sought to renegotiate new trade deals with countries he believed were treating the United States unfairly. 4 Griffin used a Forbes summit to launch a string of broadsides at the Trump administration over its trade and tariff policies. AP The move has since faced a string of legal challenges, with negotiations failing to bear any fruit until now, apart from an agreement with post-Brexit Britain that was announced on May 8. But discussions with the European Union, one of America's largest trading partners, have faltered, as The Post exclusively reported on May 7.

Dr. Martens' Stock Soars as CEO Implements New Strategic Plan Following ‘Year of Stabilization'
Dr. Martens' Stock Soars as CEO Implements New Strategic Plan Following ‘Year of Stabilization'

Yahoo

time32 minutes ago

  • Yahoo

Dr. Martens' Stock Soars as CEO Implements New Strategic Plan Following ‘Year of Stabilization'

Shares for Dr. Martens Plc surged nearly 24 percent on Thursday following the release of a new strategic turnaround plan in efforts to return to profit growth in fiscal 2026. According to chief executive officer Ije Nwokorie, who took the helm earlier this year, the company's 'single focus' in fiscal 2025 was to bring stability back to Dr. Martens. More from WWD Journeys Helps Genesco Deliver Q1 Sales Above Expectations Dr. Martens Looks to Adidas For New Chief Brand Officer Name Game: Shoe Carnival Is Converting More Stores to Shoe Station Banner 'We have achieved this by returning our direct-to-consumer channel in the Americas back to growth, resetting our marketing approach to focus relentlessly on our products, delivering cost savings, and significantly strengthening our balance sheet,' Nwokorie said in a statement. In fiscal 2025, the UK-based footwear company reported that net revenue fell 10 percent to 787.6 million pounds from 877.1 million in fiscal 2024. Dr. Martens noted that the results were in-line with guidance, however, and came up against a challenging macroeconomic and consumer backdrop in several of its core markets. Net debt for the year was 249.5 million pounds, down from 359.8 million pounds in fiscal 2024. Net profit stood at 4.5 million pounds in the year to the end of March, down from 69.2 million pounds the year prior. By category, overall, pairs were down 9 percent, with DTC pairs flat and wholesale pairs down 15 percent as expected, as the company's wholesale partners normalized their inventory levels. 'We saw a very strong performance in shoes, with DTC pairs up 15 percent with particular success in our bestselling Adrian loafer, as well as in new shoe families, the Lowell and Buzz,' the company said in its latest earnings statement. 'Sandals also saw a good performance, with DTC pairs up 7 percent, and we continue to see a strong performance in our mules range, led by the Zebzag. Boots remained challenging, with DTC pairs down 9 percent, with our continuity boots weaker, as expected. This was partially offset by success in product newness, both as extensions of the core icons, for example through the Ambassador soft leather boot and through new product lines such as the Anistone biker boot.' As a proportion of fiscal year 2025 Group revenue, boots accounted for 57 percent, shoes 26 percent, sandals 12 percent and bags & other 5 percent. By channel, direct-to-consumer revenue was down 4.2 percent to 510.7 million pounds in fiscal 2025, while wholesale fell 19.5 percent to 276.9 million pounds, as expected. Within DTC, retail revenue was down 5.6 percent to 242.4 million pounds and e-commerce was down 2.9 percent to 268.3 million pounds. By region, EMEA revenue was down 11.0 percent to 384.2 million pounds for the year, which was driven by the UK. In the Americas, revenue was down 11.4 percent to 288.5 million pounds, and in APAC, revenue dipped 3.8 percent to 114.9 million pounds, with a good performance in Japan and China, the company noted. Looking closer at the Americas, Dr. Martens stated that the region delivered DTC growth in the second half of fiscal 2025 as the company pivoted its marketing to 'relentlessly focus' on product. 'With new products such as Ambassador, Anistone, Buzz and Dunnet Flower performing very strongly for us and our partners; we delivered 25 million pounds of annualized cost savings, at the top end of our target, with the full benefit in fiscal 2026; and we strengthened our balance sheet through a significant reduction in inventory and net debt, as well as the successful refinancing of the Group,' the company said. As for tariffs, the company noted that the entirety of its spring/summer 2025 stock is already in the market, and by the start of July, the majority of autumn/winter 2025 will be either in the market or in transit. 'We generate strong product gross margins, which is helpful given that tariffs are charged on cost, not retail price,' the company stated. 'We will continue to assess the situation carefully, but can confirm that for SS25 and AW25 we will be keeping average prices unchanged in the market. More broadly, we continue to manage all costs tightly, working closely with our wholesale and supplier partners.' The company also released a new strategic plan on Thursday. Dubbed 'Levers For Growth,' Dr. Martens said that the plan builds on the work undertaken in fiscal 2025 to stabilize the business. The new plan focuses on four 'levers' including engaging more consumers, driving more product purchase occasions, curating market-right distribution, and simplifying the operating model. Dr. Martens said that the new strategy capitalizes on the strengths of its business, including its 'iconic global brand, high quality products, world-class supply chain, modern technology systems, committed wholesale and distributor partners and passionate and talented team,' and taps into the significant new markets and profit pools that are available to the company. Over the medium-term, Dr. Martens said it expects to deliver sustainable, profitable revenue growth above the rate of the relevant footwear market, with operating leverage driving a mid to high-teens EBIT margin and underpinned by strong cash generation. 'Levers For Growth will increase our opportunities by shifting the business from a channel-first to a consumer-first mindset,' Nwokorie said. 'We will give more people more reasons to buy more of our products, whether that's our iconic boots and shoes, newer product families such as Zebzag and Buzz, or adjacent categories such as sandals, bags and leather goods. And we will tailor distribution to each market, blending DTC and B2B, optimizing brand reach and ensuring a better use of capital.' The CEO added that he is 'laser focused' on day-to-day execution, managing costs and maintaining the company's operational discipline while it navigates the current macroeconomic uncertainties. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store