Princeton University has named eight members to its board of trustees, including three investment professionals, the school announced.
Berkshire Partners Senior Advisor Kevin Callaghan was elected as a charter trustee by the board to serve an eight-year term, while James Yeh, former president and co-cio of Citadel, and Frist Capital Founder Thomas Frist III were elected to serve as term trustees for four-year terms, the announcement showed.
The board of trustees has fiduciary responsibility to ensure that the university carries out its educational and research mission in perpetuity, the announcement showed.
Callaghan serves as a member of Berkshire’s private equity team and is currently involved with Berkshire portfolio companies Implus, Kendra Scott and Parts Town, according to the announcement, which noted he joined Berkshire in 1987 afterworking at investment banking firm Lehman Bros. and consulting firm Bain & Co.
He currently serves on the board of directors for Princeton University Investment Company – the asset management arm handling the university’s $36.4 billion endowment.
PRINCO is led by President Vincent Tuohey, who was hired for the role in late 2023 from the Massachusetts Institute of Technology Investment Management Company following a search for a successor to Andrew Golden.
Yeh spent more than 25 years leading global financial institution Citadel before retiring in 2022, according to the announcement, which showed he previously served on Princeton’s board of trustees as a charter and a term trustee as well as on PRINCO’s board of directors.
In addition to helping lead Nashville-based Frist Capital, which makes equity investments in public and private companies, Frist III serves as chair of the board of healthcare services provider HCA Healthcare, the announcement showed.
Princeton also added Katherine Bradley, founder and former president of CityBridge, a nonprofit that advances excellence and innovation in public education, as a charter trustee, according to the announcement, which noted she previously served terms as an alumni trustee as well as a charter trustee before completing her charter term in June 2012.
The other newly elected board members include Thomas Rosenbaum, recently retired president of the California Institute of Technology,as a term trustee; John Dabiri, centennial professor of aeronautics and mechanical engineering at Caltech, and Katharine Strunk, dean of the Graduate School of Education and the George and Diane Weiss Professor of Education at the University of Pennsylvania, as alumni trustees; and Enzo Kho as a young alumni trustee, according to the announcement.
The appointments are all effective as of July 1, the announcement showed.
The post Northeast University Adds Eight Board Members, Including Three Investors appeared first on FIN News.
