2021 | Business

Business Notes: Chevy Chase Trust names new CEO

Plus: Francesca’s closing Bethesda Row store this month

Jeff Whitaker has been named as the new President and CEO of Chevy Chase Trust

Photo courtesy of Chevy Chase Trust

Chevy Chase Trust names new CEO

The investment management firm Chevy Chase Trust has named Jeff Whitaker as its new president and CEO, the company announced Monday. The appointment is effective immediately.

Whitaker previously worked at Bridgewater Associates, Berkshire Partners and the J.P. Morgan U.S. Private Bank during the last two decades, according to a press release.

Whitaker said in the press release that he is honored to join the company.

“I have admired Chevy Chase Trust’s commitment to bringing clients the highest quality advice, investment insight, and service,” he said.

Whitaker succeeds Peter Welber, who was president and CEO of Chevy Chase Trust for the past 17 years.

Francesca’s closing Bethesda Row store

The women’s clothing and accessories store Francesca’s is closing its store in Bethesda Row this month, a store representative said.

Assistant Manager Dorinda Washington told Bethesda Beat Wednesday afternoon that the store would close this month. She wasn’t sure of the exact date and said the store could stay open anywhere up to a few weeks.

Washington said the store currently has a clearance sale, and the closure date depends on how soon all of the clothes are sold.

Francesca’s filed for Chapter 11 bankruptcy protection at the beginning of December.

Washington said there are no plans to close either of the other Montgomery County Francesca’s stores, which are in Bethesda’s Westfield Montgomery mall and Gaithersburg’s Rio shopping area.

Robert Dyer reported the impending closure of the Bethesda Row Francesca’s last week.

New medical aesthetics studio coming to Bethesda this month

OVME, a medical aesthetics company, is opening a studio at 4921 Elm St. this month.

OVME offers services that include Botox, dermal fillers, laser resurfacing, facials and skin care, the company wrote in a press release. The Bethesda studio will include five treatment rooms, including some specifically for laser procedures and hydration therapy.

The studio is opening on Jan. 25. The studio is offering discounted memberships, along with bookings discounted at 20% before that, according to the press release.

The Bethesda location will be OVME’s first in the greater Washington, D.C., area. Other locations advertised on the company’s website are in Atlanta, Charlotte, Chicago, Dallas, Houston, Nashville and Franklin, Tenn.

The Urban Winery of Silver Spring shifts operation to pickup at warehouse

The Urban Winery of Silver Spring, a wine bar and Greek restaurant, has moved out of 949 Bonifant St. and is now operating out of its warehouse at 2315 Stewart Ave.

The wine bar posted on its Facebook page that it was no longer at its downtown Silver Spring location as of Dec. 19, and had moved its operation to the warehouse for the winter, with plans to “reemerge in the spring.”

The message instructed customers to order wines for home delivery or pickup at the warehouse.

Montgomery County recently passed an order that prohibits indoor dining, but allows pickup and delivery. It was not clear whether Urban Winery’s decision to relocate was because of the order.

Someone who answered the phone at Urban Winery on Wednesday referred a reporter to owner Damon Callis, who could not immediately be reached for comment.

Dan Schere can be reached at daniel.schere@bethesdamagazine.com