William Johnston Armfield
| William J. Armfield | |
|---|---|
 |
|
| Born |
William Johnston Armfield IV November 3, 1934 Asheboro, North Carolina |
| Died | July 11, 2016 (aged 81) Richmond, Virginia |
| Nationality | American |
| Other names | Billy Armfield |
| Education | Woodberry Forest School |
| Alma mater |
UNC Chapel Hill Harvard University |
| Occupation | textile business executive philanthropist |
| Spouse(s) | Merrie Haynes Walker (divorced) Janie Hall |
| Children | 9 |
William Johnston "Billy" Armfield IV (November 3, 1934 - July 11, 2016) was an American textile business executive and philanthropist.
William Johnston Armfield IV was born on November 3, 1934 in Asheboro, North Carolina to William Johnston Armfield III and Elizabeth Allen Armfield. His family were parishioners at West Market Street United Methodist Church. He was educated at Woodberry Forest School in Virginia where he played football, golf, was captain of the varsity soccer team and a member of the German club and monitor board. He graduated from Woodberry in 1952. Armfield served for two years in the United States Army before earning a bachelor of science degree in business administration from the University of North Carolina at Chapel Hill in 1956. He went on to receive a master's degree in business administration from Harvard University in 1962. In 2009 he was conferred with an honorary Doctor of Laws degree from the University of North Carolina at Chapel Hill.
Armfield began his career in the textile industry as the vice president for marketing at his father's company, the Madison Throwing Company in Madison, North Carolina. In 1970, he co-founded Macfield Texturing, Inc. with Dalton L. McMichael. Macfield Texturing would later merge with Unifi, for which Armfield were serve as executive officer and director from 1991 to 1995 and again as director from 2001 until his death in 2016. Armfield also served as the president of the American Textile Manufacturers Institute and as the president of the North Carolina Textile Manufacturers Association. In 1996, Armfield left Unifi and founded Spotswood Capital, a private investment firm in Greensboro, serving as its president until his death in 2016.
Armfield served on the University of North Carolina's board of trustees from 1993 to 2001 and was the chairman of the board of trustees from 1995 to 1996. He also served on the University of North Carolina at Chapel Hill Board of Visitors, the Kenan-Flagler Business School Board of Visitors, the Jordan Institute Community Advisorty Board, and the University of North Carolina at Chapel Hill Foundation Board. He served as the national co-chair of the Bicentennial Campaign for Carolina from 1990 to 1995 and was an honorary member of the steering committee of the Carolina First Campaign. He served on the boards for the North Carolina Textile Foundation at North Carolina State University and Woodberry Forest School.
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