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2020 Power 100

 In February 2020

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Welcome to Business North Carolina’s third Power 100 list of the state’s most influential business leaders. This year’s report features stories and interviews with 27 people including the state’s most powerful pork producer, the owner of the nation’s biggest furniture store, and the banker charged with reversing Wells Fargo’s deteriorating customer-service reputation.

North Carolina’s rapid growth as a major business center makes selecting the list more interesting — and difficult — each year. There are more powerful people than ever before. After taking suggestions from all corners and quizzing dozens of people for ideas, the editorial team settles on the names. We look for leaders who are representative of some broad categories of power:

• Institutional powerhouses, such as university presidents Vincent Price and Jose Sartarelli and hospital bosses Michael Waldrum and Julie Freischlag.

• Middle-of-the-action folks, creating a lot of activity and, sometimes, making a lot of money. Drug-discovery investor Fred Eshelman and venture capitalist David Gardner are examples.

• Outstanding entrepreneurs, including lending genius Doug Lebda and video-game superstar Tim Sweeney.

• Networking powerhouses, such as lawyer Rob Harrington and banker Jim Hansen.

• Pillars of commerce, such as software icon Jim Goodnight, auto dealer Don Flow and bank investor Chip Mahan.

• Public company CEOs including Susan DeVore, Lynn Good and Kelly King.

• Real estate kingpins including Andy Andrews and Roy Carroll.

• Singular talents who make major waves in their spheres. Examples this year include restaurateur Ashley Christensen and hip-hop star J. Cole.

• Thought leaders, including marketing experts such as Peggy Brookhouse and David Mullen.

We also look for geographic diversity without making it a major factor. As a statewide publication, we love telling stories of businesses and people outside the large metropolitan areas. But rapid growth in the Charlotte and Triangle regions and widespread industry consolidation are making those areas more dominant. It’s also an apparent contrast with North Carolina’s political environment in which lawmakers hailing from more rural areas remain in dominant positions. This list doesn’t include political leaders.

We also have a strong bias for those showing a shared concern for the broader community. Most on the list spend much time supporting efforts to improve North Carolina. Much of that work occurs out of the public limelight.

Nearly a third of this year’s list is made up of newcomers. Those entrants include Honeywell CEO Darius Adamczyk, who runs one of the nation’s 100 largest public companies; Andy Andrews, whose company is developing office towers in Charlotte and Raleigh; UNC System board chairman Randy Ramsey, who owns a small-town boat-building company; and Advance Auto Parts CEO Tom Greco, who heads Raleigh’s only Fortune 500 company.
As we note annually, it’s a subjective list. No doubt some of those who should be named are disappointed — while others are glad to be under the radar.

We look forward to hearing your thoughts.

darius-adamczyk

DARIUS ADAMCYZK

Welcome wagon
53, CEO, Honeywell International
Charlotte
andyandrews

ANDY ANDREWS

Double vision
61, Owner, CEO, Dominion Realty Partners
Raleigh
2020 Power 100

JENNIFER APPLEBY

Creative spark
56, president, chief creative officer, Wray Ward
Charlotte
armato_carl_head_envcrop-2020-150-x-1751

CARL ARMATO

$5 billion man
55, president, CEO, Novant Health System
Winston-Salem
leah-ashburn-headshot

LEAH WONG ASHBURN

Tops in hops
49, president, CEO, Highland Brewing
Asheville
scott-baxter

SCOTT BAXTER

Perfect fit
55, president, CEO, Kontoor Brands
Greensboro
2020 Power 100

STEVE BERLIN

Going with the flow
60, partner, Kilpatrick Townsend & Stockton
Winston-Salem
Cathy Bessant

CATHY BESSANT

Erica’s boss
59, chief operations and technology officer, Bank of America
Charlotte
bo-biggs-chairman-biggs

MURCHISON “BO” BIGGS

Biggs’ shot
65, secretary-treasurer, K.M. Biggs
Lumberton
peggy_brookhouse-3

PEGGY BROOKHOUSE

Brand helper
57, president, Luquire George Andrews
Charlotte
Edward Brown III

ED BROWN

Hospital dealer
71, chairman, Atrium Health Board of Commissioners
Charlotte
2020 Power 100

JEFFREY BROWN

Strong Ally
46, CEO, Ally Financial
Charlotte
wesley-burks_headshot2019

WESLEY BURKS

Care taker
65, CEO, UNC Health Care
Chapel Hill
Roy Carroll

ROY CARROLL II

Open the gates
57, president, CEO, The Carroll Cos.
Greensboro
Jack Cecil

JOHN “JACK” F.A.V. CECIL

Mountain marvels
63, president, Biltmore Farms
Asheville
2020 Power 100

WILLIAM “BILL” A.V. CECIL JR.

Mountain marvels
61, president, CEO, The Biltmore Co.
Asheville
ashley-christensen-paul-mehaffey-2

ASHLEY CHRISTENSEN

Foodie favorite
43, Owner, Ashley Christensen Restaurants
Raleigh
Adriene Cole

ADRIENNE COLE

Capital champion
48, president, CEO, Greater Raleigh Chamber of Commerce
Raleigh
j-cole-1-co-dth-

JERMAINE “J.” COLE

Dream weaver
34, musician
Raleigh
Paul Cozza

PAUL COZZA

Ship shape
58, executive director, North Carolina State Ports Authority
Wilmington
Kit Kramer

KIT CRAMER

High times
59, president, CEO, Asheville Chamber of Commerce
Asheville
sharon-decker

SHARON DECKER

Horse sense
63, chief operating officer, Tryon International Equestrian Properties
Mill Spring
darryl-dewberry-informal

DARRYL DEWBERRY

Skyline shaper
58, chairman, CEO, The Spectrum Cos.
Charlotte
Susan DeVore

SUSAN DEVORE

Healthy respect
61, president, CEO, Premier
Charlotte
Ediie Edwards

EDDIE EDWARDS

Doing splits
70, president and CEO, CommScope
Hickory
rob-edwards

ROB EDWARDS

Private power
52, partner, Ridgemont Equity Partners
Charlotte
Marvin Ellison

MARVIN ELLISON

Fixer-upper
54, CEO and President, Lowe’s
Mooresville
Fred Eshelman

FRED ESHELMAN

Tar heel visionary
71, founder, Eshelman Ventures
Wilmington
Don Flow

DON FLOW

Pedal to the metal
63, CEO, Flow Automotive
Winston-Salem
2020 Power 100

JULIE ANN FREISCHLAG

Proud partner
65, CEO, Wake Forest Baptist Health; dean, Wake Forest School of Medicine
Winston-Salem
Michimasa Fujino

MICHIMASA FUJINO

Jet giant
59, president, CEO, Honda Aircraft
Greensboro
david-gardner-print-1

DAVID GARDNER

Venture seeker
56, founder, managing partner, Cofounders Capital
Cary
Lynn Good

LYNN GOOD

High energy
60, chairman, CEO, Duke Energy
Charlotte
Jim Goodnight

JIM GOODNIGHT

Nothing artificial
77, CEO, SAS Institute
Cary
tom-greco

TOM GRECO

In the driver’s seat
61, CEO, Advance Auto Parts
Raleigh
jim-hansen

JIM HANSEN

Capitol captain
41, regional president, eastern carolinas market, PNC Financial Services
Raleigh
rob-harington_alex-cason

ROBERT HARRINGTON

Laying down the law
58, partner, Robinson Bradshaw
Charlotte
jeff-harris_hires

JEFF HARRIS

Spreading some green
51, president, CEO, co-owner, Furnitureland South
Jamestown
Johno Harris

JOHN “JOHNO” HARRIS III

Union leader
41, president, Lincoln Harris
Charlotte
Frank Harrison

J. FRANK HARRISON III

Cola king
64, CEO, Coca-Cola Consolidated
Charlotte
Nathan Hatch

NATHAN HATCH

Deacon dynamo
73, president, Wake Forest University
Winston-Salem
tom-heiks

TOM HEIKS

Banking boss
63, head, U.S. commercial middle market banking, Fifth Third Bank
Charlotte
frank-holding-150-x175

FRANK HOLDING JR.

Steady progress
58, chairman, CEO, First Citizens Bancshares
Raleigh
linda-hudson

LINDA HUDSON

Direct authority
69, CEO, The Cardea Group
Charlotte
ralph-huff_john-gessner_bnc-3991

RALPH HUFF

Homing instinct
70, owner, H&H Homes; partner, Coldwell Banker Advantage
Fayetteville
dale-jenkins

DALE JENKINS

Future thinker
63, CEO, Curi
Raleigh
john-kane

JOHN KANE

King of the hills
67, CEO, Kane Realty
Raleigh
Greg Keith

GREG KEITH

Faithful fortune
64, president, CEO, The Keith Corp.
Charlotte
Stan Kelly

STAN KELLY

Building his core
62, president, CEO, Piedmont Triad Partnership
Greensboro
Kelly King

KELLY KING

Truist believer
71, CEO, Truist Financial
Charlotte
Clark Kinlin

CLARK KINLIN

Strong fiber
60, executive vice president, Corning
Charlotte
Fred Klein

FRED KLEIN

Realty royalty
73, senior managing partner, Childress Klein
Charlotte
ted-klinck

TED KLINCK

Reit rider
54, CEO, Highwoods Properties
Raleigh
Doug Lebda

DOUG LEBDA

Breaking a billion
49, CEO, LendingTree
Charlotte
andrewlindner_businessnc-150-x-175

ANDREW LINDNER

New frontier
49, partner, Frontier Growth
Charlotte
Mary Mack

MARY MACK

Customer friendly
57, head of consumer banking, Wells Fargo
Charlotte
richard-maclean_businessnc

RICHARD MACLEAN

Frontier wizard
54, partner, Frontier Growth
Charlotte
James "Chip" Mahan III

JAMES “CHIP” MAHAN III

Coastal clout
68, chairman, founder, CEO, Live Oak Bancshares
Wilmington
Todd Mansfield

TODD MANSFIELD

Urban crescent
61, CEO, Crescent Communities
Charlotte
marsicano-michael_0

MICHAEL MARSICANO

Community champ
64, president, CEO, Foundation For The Carolinas
Charlotte
john-mcconnell_bnc

JOHN MCCONNELL

Teed-off
69, founder, CEO, McConnell Golf
Raleigh
ed-mcmahan

ED MCMAHAN

Fabulous firepower
44, managing partner, Falfurrias Capital
Charlotte
chase-monroe

CHASE MONROE

Merging partners
54, market director, Jones Lang LaSalle
Charlotte
richard-moore

RICHARD MOORE

Local leader
59, CEO, First Bancorp
Southern Pines
David Morken

DAVID MORKEN

Strike up the band
50, chairman, co-founder, CEO, Bandwidth
Raleigh
david-mounts

DAVID MOUNTS

Brand power
56, CEO, Inmar
Winston-Salem
david-mullen03

DAVID MULLEN

Marketing magic
41, president, partner, The Variable
Winston-Salem
Pierre Naude

PIERRE NAUDÉ

Global ambition
61, CEO, nCino
Wilmington
Tom Nelson

TOM NELSON

Above board
57, CEO, National Gypsum
Charlotte
Ward Nye

WARD NYE

Rock star
57, CEO, Martin Marietta
Raleigh
Todd Olson

TODD OLSON

Head in the clouds
44, co-founder, CEO, Pendo
Raleigh
Tom Pashley

TOM PASHLEY

Golf guru
50, president, Pinehurst Resort
Pinehurst
ven-poole

VEN POOLE

Going public
57, senior partner, Dewitt Carolinas; board member, GFL Environmental
Raleigh
2020 Power 100

ART POPE

Retail resurrection
63, Chairman, CEO, Variety Wholesalers
Henderson
Michael Praeger, CEO of AvidXchange.

MICHAEL PRAEGER

Top techie
52, co-founder, CEO, AvidXchange
Charlotte
bill-prestage_32953

BILL PRESTAGE

Turkey Titan
84, owner, Prestage Farms
Clinton
Vincent Price

VINCENT PRICE

Devil’s advocate
62, president, Duke University
Durham
billy-d.-prim

BILLY PRIM

Water wielder
64, executive chairman, Primo water
Winston-Salem
Nido Qubein

NIDO QUBEIN

Campus creator
71, president, High Point University
High Point
randy-ramsey_service-yard-basin

RANDY RAMSEY

Steering the ship
57, president, Jarrett Bay Boatworks
Beaufort
Gerald Roach

GERALD ROACH

Legal eagle
61, firm chair, Smith Anderson
Raleigh
Pat Rodgers

PAT RODGERS

Contractor clout
72, CEO, Rodgers Builders
Charlotte
sepi-saidi_b0005632-edit

SEPI SAIDI

Project manager
57,  president, CEO, SEPI
Raleigh
gary-salamido

GARY SALAMIDO

State champ
56, CEO, N.C. Chamber
Raleigh
arthur-samet

ARTHUR SAMET

Crane king
50, chairman, CEO, Samet Corp.
Greensboro
Jude Samulski

JUDE SAMULSKI

Disease fighter
66, president, chief scientific officer, AskBio
Research Triangle Park
jose-sartarelli_uncw-8054

JOSE SARTARELLI

Balancing act
70, chancellor, University of North Carolina Wilmington
Wilmington
Jim Shuford

JIM SHUFORD

Sticking with it
53, vice chair, Shurtape Technologies
Hickory
Stephen Shuford

STEPHEN SHUFORD

Tale of the tape
51, CEO, Shurtape Technologies
Hickory
Andrea Smith

ANDREA SMITH

Big job, small focus
52, Chief administrative officer, Bank of America
Charlotte
Ben Sutton Jr.

BEN SUTTON JR.

Hitting it out of the park
61, founder, chairman, Teall Capital Partners
Winston-Salem
tim-sweeney_maxresdefault

TIM SWEENEY

Epic entrepreneur
49, CEO, Epic Games
Cary
Steven Tanger

STEVEN TANGER

Outlet operator
71, director, CEO, Tanger Factory Outlet Centers
Greensboro
robin-team

ROBIN TEAM

Team player
65, managing partner, Front Street Capital
Winston-Salem
david-tepper

DAVID TEPPER

Football, futbol
62, owner, Carolina Panthers, MLS franchise
Charlotte
mike-waldrum_400-px

MIKE WALDRUM

Holding the line
57, CEO, Vidant Health
Greenville
Andy Warlick

ANDY WARLICK

Textile titan
62, CEO, Parkdale Mills
Gastonia
2020 Power 100

JIM WHITEHURST

Hat trick
52, president, CEO, Red Hat
Raleigh
Fred Whitfield

FRED WHITFIELD

Rebounding
61, president, vice chairman, Charlotte Hornets
Charlotte
Eugene Woods

GENE WOODS

Leaving a wake
55, CEO, Atrium Health
Charlotte
Randy Woodson

RANDY WOODSON

Pack leader
62, chancellor, N.C. State University
Raleigh
jane_wu_biznc_0182

JANE WU

Building bridges
38, president, Panorama Holdings
Charlotte
alan-zimmer

ALAN ZIMMER

Family jewels
61, president, CEO, Reeds Jewelers
Wilmington
herbert-zimmer

HERBERT ZIMMER

Family jewels
74, general counsel, zimmer development
Wilmington
basic-head

JEFFREY ZIMMER

Family jewels
63, President, Zimmer Development
Wilmington
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