The University welcomed eight alumni to its Board of Trustees on July 1, including prominent figures such as former ABC anchor Charlie Gibson ’65 and 2010 California gubernatorial candidate Meg Whitman ’77.
Other new trustees include A. Scott Berg ’71, Pyper Davis ’87, Carl Ferenbach III ’64, Philip Hammarskjold ’87, Min Zhu GS ’88 and Young Alumni Trustee Aku Ammah-Tagoe ’11.
The University also announced that current trustee Kathryn Hall ‘80, the CEO of a San Francisco-based investment management firm, would serve as chair of the board’s executive committee.
The 40-member board directs University policy and oversees its budget and endowment. According to Hall, one of the board’s highest priorities for the upcoming year will be the successful completion of the University’s Aspire campaign; the five-year effort to raise $1.75 billion is slated to end next June.
“We have strong momentum but it is very important that we complete the campaign to support its key initiatives,” Hall said.
Hammarskjold, CEO of Hellman & Friedman and chair of the Princeton University Investment Company, which directly manages the University’s endowment, said he planned to focus on University financial policy during his tenure.
“My primary focus will be on endowment investment results as well as the continued integration of the financial activities and policies of the University and the endowment,” he said.
Ferenbach, a co-founder and managing director of Berkshire Partners who previously served as a trustee from 2006 to 2010, said that he does not return to the Board with any particular agenda.
“As in nearly all organizations the administration sets the agenda and discusses it collaboratively with the board," Ferenbach explained. "We are all there to offer what we can to this process."
Hall praised the diversity of this new class of trustees, saying the mix of returning and new board members offered “a very good balance of experience and new perspectives.”
Berg is a biographer, Davis is the chief operating officer of a network of public urban boarding schools and Zhu works as a special advisor at the International Monetary Fund.
“Broadly speaking, they, like the rest of the board, span a number of different decades and bring of wide diversity of skills," Hall said. "We are very [much] looking forward to the new trustees joining us in the fall."
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