The former CEO of CCMP Capital passed away aged 52. Stephen had left the firm a month earlier because of what the firm termed as “health-related” concerns. The former president of the private equity firm had served the corporation in different positions since 1989.
At one point, the firm was known as Chase Capital Partners. However, JP Morgan purchased Chase, thus changing its name to JP Morgan Partners. The firm ranked as one of the leading private equity firms around the globe. In 2006, the group spun out. In 2007, Stephen took over as the new CEO. He succeeded the founder of the group, Jeff Walker.
Before his demise, Stephen Murray CCMP Capital sat on the boards of Octagon Credit Investors, LHP Hospital Group, Crestcom International, Strongwood Insurance Holdings, Ollie’s Bargain Outlet and Infogroup Inc., and Jetro JMDH Holdings. In 1989, Murray joined JP Morgan’s merchant bank. Here, he played a fundamental role of building a sizeable private-equity business. The firm became an active player in investments and even acquired minority shareholdings in corporations like concession operator, Aramark. Learn more about Stephen Murray CCMP Capital: http://www.nytimes.com/2015/03/01/realestate/west-village-townhouse-for-17-million.html?_r=0
Greg Brenneman asserted that they were saddened by the news Murray’s death. Greg is the chairman of CCMP. He also succeeded Stephen as CEO and president of CCMP. Greg went on to convey his sincere condolences to Murray’s wife and sons. In a letter, Greg asserted that Stephen Murray was the pride and joy of his family.
Being the founding partner of the firm, Stephen Murray had exceptional deal making abilities besides being a terrific investor. Much of his career was spent in private equity. Greg concluded by saying that the entire CCMP fraternity was grateful for his contributions towards the success of the corporation and its predecessors.
Stephen was born in 1962 in Brooklyn, New York. He grew up in North Tarrytown, New York. Murray pursued his high school studies at Sleepy Hollow High School. Later, he enrolled at Boston College. Here, he studied economics and graduated in 1984. After his graduation, Murray entered the credit analyst training program, which was offered at Manufacturers Hannover.
Soon after, Murray attended Columbia Business School where he earned his Master’s in Business Administration. Prior to assuming his position at CCMP Capital, he served in various investment capacities at the company’s predecessor firms.
These firms include Chemical Venture Partners, Chase Capital Partners and JP Morgan Partners. Stephen Murray is survived by his wife, Tami, and sons. He also leaves behind his parents, Joseph and Nancy Murray, as well as his brothers and sisters in-law. The others are his son and daughter-in-law.