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Huntsman Gay Global CEO to depart for LDS Church calling

Published April 6, 2012 6:20 pm

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Robert Gay, co-founder of Huntsman Gay Global Capital LLC, is stepping down as CEO at the private-equity firm for a full-time position with The Church of Jesus Christ of Latter-day Saints.

Gay was called last month to be a member of the First Quorum of the Seventy, a group of ecclesiastical leaders based in Salt Lake City.

He co-founded the Palo Alto, Calif.-based firm in 2007 with Jon M. Huntsman, the chairman of chemical maker Huntsman Corp. and the father of former presidential candidate Jon Huntsman.

Gay, 60, a former managing director at Bain Capital, resigned from that firm in 2004 after 15 years to volunteer in Africa for the LDS Church, according to Huntsman Gay's website. He is a supporter of former Bain Capital CEO Mitt Romney, a Republican candidate for U.S. president.

Jon M. Huntsman and Gay said in 2009 that they planned to give their share of their firm's profits to charity, a company spokesman said. Huntsman Gay's partners include Steve Young, the retired National Football League quarterback, and Gary Crittenden, a former Citigroup Inc. executive.

Huntsman Gay finished raising its first fund in 2009, collecting $1.1 billion amid an industry slump.