William Johnston Armfield

Armfield died at his home in Richmond at the age of 81 on July 11, 2016.

Armfield was married to Merrie Haynes Walker but later divorced. She died April 21, 1995. Armfield later married Jane Hall. The family's main residence was in Richmond, Virginia. Armfield had nine children and stepchildren; William Johnston Armfield V, Adelaide Allen Armfield, Walker Armfield Wilson, William Claiborne Hancock, James Cole Braxton Hancock, Caroline Carter Hancock Johnston, Alston Armfield Daigh, William Spotswood Armfield, Nicholas Cabell Armfield, and Olivia Corbin Armfield.

Along with his wife, Janie, Armfield was a major benefactor of the University of North Carolina at Chapel Hill Foundation, the College of Alis and Sciences, the School of Social Work, the UNC Medical Foundation, the Educational Foundation, the Sonja Haynes Stone Center for Black Culture and History, the Kenan-Flagler Business School, the School of Journalism and Mass Communication, and the Lineberger Comprehensive Cancer Center. He was also a benefactor of St. Catherine's School in Richmond and Woodberry Forest School, his alma mater. In 1994, Armfield established the Armfield Scholarship Fund to promote racial and cultural diversity within the student body at UNC and to provide financial support to first-year students in need. In 2008, the Armfields, along with Sam and Betsy Reeves, launched the Armfield-Reeves Innovation Fund at the University of North Carolina at Chapel Hill.

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 Advisory 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.

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 served 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.

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 and earned a bachelor of science degree in business administration from the University of North Carolina at Chapel Hill in 1956. After graduation from college, he served two years in the United States Army. He went on to receive a master of business administration from Harvard Business School in 1962. In 2009 he was conferred with an honorary Doctor of Laws degree from the University of North Carolina at Chapel Hill.