He came to Princeton from the Hackley School and Worksop College in England, where he participated in football and student government. At Princeton Wally majored in history and played on the rugby team. He joined Cottage Club and lived in the Cottage Suite in 1903 Hall.
After graduation he served in the Army Reserve and was called up during the Berlin Crisis in 1960-61. Wally earned an MBA from the University of Virginia in 1963. In 1967 he married Anne Perkins, and they had three daughters.
After business school, Wally spent 20 years in a broad range of executive roles at the Philip Morris Companies. After leaving Philip Morris, he became chairman and CEO of a leveraged-acquisition firm called the Prospect Group with colleagues from Princeton. In 1994 he left that firm to become a private investor. Wally loved a wide range of sports, especially golf, fishing, shooting, and, in his younger years, tennis, squash, and skiing. He loved travel, his beloved Labrador retrievers, good wine, good music, his Scottish heritage, and time with family and friends.
He is survived by his wife, three daughters, and four grandchildren. The class extends its deepest sympathy to them all.