SOURCE: Operation Kids

June 19, 2008 11:18 ET

Operation Kids Names Bob Gay to Board of Trustees

Internationally-Recognized Entrepreneur and Philanthropist Will Lead Charity's Finance Function

SALT LAKE CITY, UT--(Marketwire - June 19, 2008) - Operation Kids has named Robert C. (Bob) Gay to serve on its Board of Trustees. Bob will act as chairman of the executive committee of the Board of Trustees. In this position, he will play an integral role in the future growth of the organization including key management appointments as well as leading the international children's charity's finance team. His proven expertise will guide efforts to grow the organization's endowment fund as Operation Kids continues to expand in size and scope. Gay had previously served on the Operation Kids National Advisory Board.

Gay is the co-founder and CEO of Huntsman-Gay Capital Partners, a billion dollar plus private equity firm located in Palo Alto, California. Previously, he was a managing director for 16 years at Bain Capital, one of the world's leading private equity firms with more than $70 billion under management. He was a member of Bain's Management and Business Policy committees and led the firm's international expansion into Europe. Prior to Bain Capital, 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.

Gay is a member of the executive committee of the President's Leadership Council of Brigham Young University (BYU), and a member of the National Advisory Board of the University of Utah. He is actively involved in poverty relief and humanitarian aid in developing countries, serving as a co-founder of the BYU Center for Economic Self Reliance and as an advisory board member of Ascend Alliance. He is a co-founder of Unitus, the world's leading micro finance accelerator which is currently helping lift over three million impoverished families around the world, and is the founder of the Komart Foundation in Ghana, a micro finance and humanitarian aid organization. Gay also actively supports the Forever Young, Anasazi, and The Christmas Box House foundations which help children and youth who are at-risk or in need around the world. He has served on numerous public and private company boards and is currently the chairman of General Resonance, the vice-chairman of ICON Health and Fitness, and a board member of Merrimack Pharmaceutical. Gay served as a full-time, volunteer mission president in Ghana for the Church of Jesus Christ of Latter-day Saints in 2004-2007.

"Bob Gay has been a supporter of Operation Kids and children's causes in particular for many years now," said Dennis Webb, chairman of the Board of Trustees and currently mayor of Holladay, Utah. "We are thrilled that he has accepted this appointment to our board, and look forward to benefiting from his expertise as OK grows its operations and expands geographically."

Other Operation Kids trustees include Norman H. Bangerter, former governor of Utah; Judge Andrew A. Valdez of the Utah Third District Juvenile Court; Byron Whisler, founding partner of Planned Gift Associates and successful fundraiser, of Palm Springs, California; Steve Farrell, founder and managing partner of Presidium Partners, of San Francisco, California; Ron Gunnell, a successful Utah entrepreneur and co-founder of the Paradigm Group; and Martsie Webb, a community activist and volunteer.

About Operation Kids

Operation Kids is a trademarked d.b.a. of the OK Foundation, a 501(c)(3) non-profit organization dedicated to more effective giving. We manage donations that serve the needs of the Whole Child -- their education, health, safety and well-being. Founded in 1999, the mission of Operation Kids is to support a community of children's issues through qualified and measurably effective charities and programs. The "OK Charity" designation means donors can give with confidence and expect accountability and results. 100% of all donations go directly to programs. More at www.operationkids.org.

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