Robert Christopher "Bob" Gay (born September 1, 1951) has been a
general authority of
the Church of Jesus Christ of Latter-day Saints
The Church of Jesus Christ of Latter-day Saints, informally known as the LDS Church or Mormon Church, is a Nontrinitarianism, nontrinitarian Christianity, Christian church that considers itself to be the Restorationism, restoration of the ...
(LDS Church) since 2012. He has been a member of the church's
Presidency of the Seventy
A presidency is an administration or the executive, the collective administrative and governmental entity that exists around an office of president of a state or nation. Although often the executive branch of government, and often personified by a ...
since March 2018.
Prior to becoming a general authority, Gay was the managing director, co-founder, and chief executive officer of
Huntsman Gay Global Capital
HGGC is an American middle-market private equity firm based in Palo Alto, California, with over $6.8 billion of cumulative capital commitments.II. With the closing of Fund IV, HGGC now has more than $6.8 billion of cumulative capital commitments ...
(HGGC), a private equity firm headquartered in
Palo Alto, California
Palo Alto (; Spanish language, Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree kno ...
, with offices in Florida, Massachusetts, and Utah.
Early life and family
Gay was born in Los Angeles, California, to
Frank William Gay
Frank William Gay (September 11, 1920 – May 21, 2007) was an American executive who oversaw several entities for Howard Hughes. He was chairman of the board of directors of the Hughes Air Corporation. He served as a senior vice president a ...
, an American executive who oversaw several entities for
Howard Hughes
Howard Robard Hughes Jr. (December 24, 1905 – April 5, 1976) was an American business magnate, record-setting pilot, engineer, film producer, and philanthropist, known during his lifetime as one of the most influential and richest people in th ...
, and Mary Elizabeth Thain Gay. As a young man, Gay served as an
LDS Church missionary
Missionaries of the Church of Jesus Christ of Latter-day Saints (LDS Church)—widely known as Mormon missionaries—are volunteer representatives of the church who engage variously in proselytizing, church service, humanitarian aid, and commu ...
in
Spain
, image_flag = Bandera de España.svg
, image_coat = Escudo de España (mazonado).svg
, national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond")
, national_anthem = (English: "Royal March")
, i ...
. He married Lynette Nielsen and they are the parents of seven children. He graduated with a degree in
economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services.
Economics focuses on the behaviour and intera ...
from the
University of Utah
The University of Utah (U of U, UofU, or simply The U) is a public research university in Salt Lake City, Utah. It is the flagship institution of the Utah System of Higher Education. The university was established in 1850 as the University of De ...
.
Career
Gay was the managing director, co-founder, and CEO of HGGC. Under his leadership the company invested more than $1.1 billion.
Prior to this, he was a managing director for sixteen years at
Bain Capital
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...
. Prior to working at Bain, Gay was an executive vice president of
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...
Credit Corporation Capital Markets Group, a vice president in the Merchant Banking Group at
Kidder Peabody
Kidder, Peabody & Co. was an American securities firm, established in Massachusetts in 1865. The firm's operations included investment banking, brokerage, and trading.
The firm was sold to General Electric in 1986. Following heavy losses, it was ...
, and an engagement manager at the international consulting firm
McKinsey & Company
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...
.
In 2001, Gay joined with
Steve Young
Jon Steven Young (born October 11, 1961) is an American former professional football quarterback who played in the National Football League (NFL) for 15 seasons, primarily with the San Francisco 49ers. He also played for the Tampa Bay Buccane ...
and Rich Lawson in co-founding Sorenson Capital. Later, with the founding of HGGC, Lawson and Young were key in setting up the company. In 2011, Gay was the commencement keynote speaker at
Utah Valley University
Utah Valley University (UVU) is a public university in Orem, Utah. UVU offers master's, bachelor's, associate degrees, and certificates. Previously called Utah Valley State College, the school attained university status in July 2008.
History ...
.
Poverty relief work
Gay has been actively involved in poverty relief and humanitarian aid in developing countries, serving as a co-founder (primarily with his wife, Lynette) of the
Brigham Young University
Brigham Young University (BYU, sometimes referred to colloquially as The Y) is a private research university in Provo, Utah. It was founded in 1875 by religious leader Brigham Young and is sponsored by the Church of Jesus Christ of Latter-day ...
Center for Economic Self Reliance. Gay has been a major contributor to this center, now named the
Melvin J. Ballard Center for Economic Self-Reliance. He has served on the board of trustees and as an advisor of the Forever Young Foundation, founded by NFL Hall of Fame quarterback
Steve Young
Jon Steven Young (born October 11, 1961) is an American former professional football quarterback who played in the National Football League (NFL) for 15 seasons, primarily with the San Francisco 49ers. He also played for the Tampa Bay Buccane ...
. He has also served as an advisory board member of Ascend Alliance, and is the founder of the Komart Foundation in
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...
. Gay taught economics at
Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...
for two years, where he also received a
Ph.D.
A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...
in business economics in 1982. He graduated
Phi Beta Kappa
The Phi Beta Kappa Society () is the oldest academic honor society in the United States, and the most prestigious, due in part to its long history and academic selectivity. Phi Beta Kappa aims to promote and advocate excellence in the liberal a ...
with an AB from the
University of Utah
The University of Utah (U of U, UofU, or simply The U) is a public research university in Salt Lake City, Utah. It is the flagship institution of the Utah System of Higher Education. The university was established in 1850 as the University of De ...
.
In 2001, Gay co-founded Unitus (renamed to
Unitus Labs in 2011), a global
micro-credit
:''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayme ...
company. Unitus received the Fast Company/Monitor Group Social Capitalist award naming three times, which recognizes the top 45 social capital companies in the United States.
LDS Church service
In the late 1970s, Gay served on the
high council of the Boston Stake, while
Richard L. Bushman
Richard Lyman Bushman (June 20, 1931) is an American historian and Gouverneur Morris Professor Emeritus of History at Columbia University, having previously taught at Brigham Young University, Harvard University, Boston University, and the Univ ...
was
stake president
A stake is an administrative unit composed of multiple congregations in certain denominations of the Latter Day Saint movement. The name "stake" derives from the Book of Isaiah: "enlarge the place of thy tent; stretch forth the curtains of thine h ...
. This is where he first met Mitt Romney.
From 2004 to 2007, Gay was
president
President most commonly refers to:
*President (corporate title)
*President (education), a leader of a college or university
*President (government title)
President may also refer to:
Automobiles
* Nissan President, a 1966–2010 Japanese ful ...
of the church's
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
Mission
Mission (from Latin ''missio'' "the act of sending out") may refer to:
Organised activities Religion
*Christian mission, an organized effort to spread Christianity
*Mission (LDS Church), an administrative area of The Church of Jesus Christ of ...
, with responsibilities including the oversight of missionary work in all parts of Ghana,
Sierra Leone
Sierra Leone,)]. officially the Republic of Sierra Leone, is a country on the southwest coast of West Africa. It is bordered by Liberia to the southeast and Guinea surrounds the northern half of the nation. Covering a total area of , Sierra ...
, and
Liberia
Liberia (), officially the Republic of Liberia, is a country on the West African coast. It is bordered by Sierra Leone to Liberia–Sierra Leone border, its northwest, Guinea to its north, Ivory Coast to its east, and the Atlantic Ocean ...
. Gay was appointed an
area seventy
Seventy is a priesthood office in the Melchizedek priesthood of the Church of Jesus Christ of Latter-day Saints (LDS Church). Traditionally, a church member holding this priesthood office is a "traveling minister" and an "especial witness" of Jes ...
in April 2008. Gay also served previously as a counselor in a
bishopric
In church governance, a diocese or bishopric is the ecclesiastical district under the jurisdiction of a bishop.
History
In the later organization of the Roman Empire, the increasingly subdivided provinces were administratively associate ...
.
On March 31, 2012, he was
called as a member of the
First Quorum of the Seventy
First or 1st is the ordinal form of the number one (#1).
First or 1st may also refer to:
*World record, specifically the first instance of a particular achievement
Arts and media Music
* 1$T, American rapper, singer-songwriter, DJ, and rec ...
. In September 2012, Gay was named as chairman of the
Perpetual Education Fund The Perpetual Education Fund (PEF) is a program of the Church of Jesus Christ of Latter-day Saints (LDS Church), first announced by church president Gordon B. Hinckley on March 31, 2001. The mission of the PEF, as stated in that address, is to prov ...
. During the church's April 2018
general conference, Gay was appointed to the Presidency of the Seventy. This assignment, along with that of Carl B. Cook, was the result of
Gerrit W. Gong and
Ulisses Soares
Ulisses Soares (born 2 October 1958) is a Brazilian religious leader and former businessman who serves as a member of the Quorum of the Twelve Apostles of the Church of Jesus Christ of Latter-day Saints (LDS Church). He has been a general auth ...
being called to the
Quorum of the Twelve Apostles
A quorum is the minimum number of members of a deliberative assembly (a body that uses parliamentary procedure, such as a legislature) necessary to conduct the business of that group. According to ''Robert's Rules of Order Newly Revised'', the ...
In 2019, he toured India as part of an LDS Church delegation led by
M. Russell Ballard
Melvin Russell Ballard Jr. (born October 8, 1928) is an American businessman and religious leader who is currently the Acting President of the Quorum of the Twelve Apostles of the Church of Jesus Christ of Latter-day Saints (LDS Church). He has ...
.
"M. Russell Ballard visits church members in New Delhi"
'' ABC4'', 23 May 2019. Retrieved on 9 March 2020.
References
External links
General Authorities and General Officers: Elder Robert C. Gay
Huntsman Gay Global Capital
(company website)
{{DEFAULTSORT:Gay, Robert C.
Living people
1951 births
Harvard University faculty
American Mormon missionaries in Spain
Mission presidents (LDS Church)
Area seventies (LDS Church)
American general authorities (LDS Church)
Members of the First Quorum of the Seventy (LDS Church)
Harvard Graduate School of Arts and Sciences alumni
University of Utah alumni
American Mormon missionaries in Ghana
20th-century Mormon missionaries
21st-century Mormon missionaries
American chief executives of financial services companies
People from Palo Alto, California
Mormon missionaries in Sierra Leone
Mormon missionaries in Liberia
Bain Capital people
American expatriates in Sierra Leone
American expatriates in Liberia
American financial company founders
General Electric people
McKinsey & Company people
Religious leaders from California
Latter Day Saints from Massachusetts
Latter Day Saints from California