[1] Prior to becoming a general authority, Gay was the managing director, co-founder, and chief executive officer of Huntsman Gay Global Capital (HGGC), a private equity firm headquartered in Palo Alto, California, with offices in Florida, Massachusetts, and Utah.

[5] Prior to working at Bain, Gay was an executive vice president of General Electric Credit Corporation Capital Markets Group, a vice president in the Merchant Banking Group at Kidder Peabody, and an engagement manager at the international consulting firm McKinsey & Company.

In 2001, Gay joined with Steve Young and Rich Lawson in co-founding Sorenson Capital.

[7] 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 Center for Economic Self Reliance.

He has also served as an advisory board member of Ascend Alliance, and is the founder of the Komart Foundation in Ghana.

This assignment, along with that of Carl B. Cook, was the result of Gerrit W. Gong and Ulisses Soares being called to the Quorum of the Twelve Apostles[1] In 2019, he toured India as part of an LDS Church delegation led by M. Russell Ballard.