Huntsman Gay Global CEO Is Said to Depart for Mormon Church

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Robert Gay, co-founder of Huntsman Gay Global Capital LLC, is stepping down as chief executive officer at the private-equity firm for a full-time position with the Church of Jesus Christ of Latter-day Saints, according to a person familiar with the plans.

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, according to a March 31 news release from the church. He co-founded the Palo Alto, California-based firm in 2007 with Jon Huntsman, father of former presidential candidate Jon Huntsman Jr. and chairman of chemical maker Huntsman Corp.