Princeton names William Fung '70 to Board of Trustees
William Fung, managing director of Li & Fung (Trading) Ltd., is among the six newly appointed to Princeton University's board of trustees. He will serve a four-year term.
Fung graduated from Princeton in 1970 with an undergraduate degree in electrical engineering and has been an active alumnus, supporting Princeton in a number of ways.
He has made gifts to annual Giving, established the Fung Scholarship. Fund and contributed to Harold T. Shapiro Fellowship Post-Doctoral Fellowship in Bioethics. In March of 2008, Fung co-chaired with Sir Gordon Wu ’58, who received his B.S.E. from Princeton in civil engineering, a regional alumni conference in Hong Kong to launch the Aspire Campaign.
Li & Fung (Trading) Ltd., a privately held business entity founded by Fung’s grandfather in 1906, has seen tremendous growth in the past thirty years. Fung and his brother, Victor, who is chairman, saw the potential in expanding the middleman-type trading firm to create a “borderless manufacturing” operation to produce apparel plus a variety of hard goods on a global scale. The company is headquartered in Hong Kong and is connected to a network of more than seventy offices in over forty countries.
Fung received his M.B.A. from Harvard in 1972. Drawing from his education and business experience and acumen, he co-authored Competing in a Flat World: Building Enterprises for a Borderless World (Wharton School Publishing, 2007).