Victor L. (Vic) Young began his business career with the Government of Newfoundland in 1968 and became deputy minister of the Treasury Board and special advisor to the premier in 1974. He was chairman and chief executive officer of the Newfoundland and Labrador Hydro and Churchill Falls (Labrador) Corporation from 1978 to 1984, at a time when the Hydro Group was Canada's fourth largest electric utility. Young next became chairman and chief executive officer of Fishery Products International (1984-2001), then North America's largest vertically integrated seafood harvester and marketer. He was the executive-in-residence at the Business School at Memorial University in 2001 and he chaired the Royal Commission on Newfoundland and Labrador's Place in Canada from 2002 to 2003.
Young serves as a corporate director on the boards of directors of the Royal Bank of Canada, Imperial Oil, and McCain Foods. He is a former director of BCE, Bell-Aliant, RBC Dexia Investor Services Trust, and C-Core.
Over the years, Young has participated in a multitude of advisory groups to the federal and provincial governments and has helped spearhead fundraising efforts in Newfoundland and Labrador for Memorial University, health care, and the YMCA. He is currently a member of the financial campaign for "Gathering Place" and he chairs the Advisory Committee of the Government of Canada's Red Tape Reduction Action Plan.
Young holds a bachelor of commerce degree from Memorial University and a master's in business administration from the University of Western Ontario. He has an honorary degree from Memorial University; is an officer of the Order of Canada; is a member of the Newfoundland and Labrador Business Hall of Fame and a fellow of the Institute of Corporate Directors; has received the Paul Harris (Rotary) Lifetime Achievement Award and the Queen Elizabeth II Diamond Jubilee Medal; and is Honorary Japanese Counsel. The Pierre Elliot Trudeau Foundation appointed him a Trudeau mentor in 2016.
Young and his wife, Eileen, have four children and ten grandchildren. They reside in St. John's, Newfoundland and Labrador.