Fairfield University recently appointed three alumni and a university president to its board of trustees at its annual meeting.

The new board members are William C. Crager, class of 1986, president and co-founder of Envestnet Inc.; William P. Egan, class of 1967, founder and general partner of Alta Communications and Marion Equity Partners LLC; Biff J. O'Reilly, class of 1980, president of PBS Capital; and the Rev. Stephen A. Privett, S.J., president of the University of San Francisco. Each will serve a six-year term beginning this month.

Crager, who lives in Berwyn, Pa., is responsible for strategic development, client development and platform and product initiatives for Envestnet, a New York-based financial advisory firm.

He received a bachelor of arts degree from Fairfield University in 1986 with a major in economics.

Egan previously served for 18 years on the university's board. He graduated with a degree in economics and received his master's degree in business administration from the University of Pennsylvania's Wharton School of Finance in 1969. He is a founder and general partner of Alta Communications and Marion Equity Partners LLC, both Massachusetts-based venture capital firms. He was honored for his contributions to the university with the Alumni Service Award in 1995 and the Alumni Professional Achievement Award in 2011.

O'Reilly, of Greenwich, graduated with a degree in economics and went on to receive a master's degree in business administration from Babson College in 1984. He is president of both PBS Capital, where his focus is on real estate development and property management, and an outdoor advertising company. He also founded Clover Leaf Power, a company that seeks to develop a 200 megawatt gas-fired electric power plant in the New York City area.

Privett, a San Francisco native, has served as president of the University of San Francisco since 2000. He entered the Society of Jesus in 1960, and is a graduate of The Catholic University of America, the Jesuit School of Theology in Berkeley and Gonzaga University. His doctorate is in catechetics, and his particular expertise focuses on the Hispanic community in the Catholic Church.