Former CEO of CCMP Stephen Murray Passes on at 52
The former president of CCMP Capital (a private equity firm) Stephen Murray died at 52. He was an excellent CEO and helped the firm in establishing a new and unique identity with investors. While he was Leading CCMP, the firm managed to raise a $3.6 billion fund. Mr. Murray was a terrific dealmaker and investor and most of his career was spent in Private Equity. Learn more about Stephen Murray CCMP Capital: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees and http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/
Stephen Murray left his company position a month earlier to the day of his death because of “healthy reasons”, his former firm reported. He had worked at CCMP including the other predecessor companies since 1989. During that time, the firm was called Chase Capital Partners and was later called JPMorgan Partners when J.P.Morgan bought it. The firm became one of the largest private equity firms in the world for some time. In 2006, the group spun out, and Mr. Murray was declared the CEO in 2007. He succeeded the group founder, Mr. Jeff Walker.
Murray graduated with a degree in economics from Boston College in 1984. He later went for further studies at Columbia Business School where he earned a Business Administration master’s degree in 1989. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M
After graduating with a degree in economics, Murray worked at a credit analyst training program at a company known as Manufacturer Hanover Corporation in 1984.
He later joined MH Equity Corporation in 1989. Chemical Bank purchased Manufacturers Hanovers in 1991, and that was when Chemical Ventures merged with MH Equity – you can get to read more: The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership
. In 1996, Chase Manhattan Corporation merged with Chemical Bank and then Chemical Ventures Partners was called Chase Capital Partners.
Other than being CCMP’S CEO, Murray served on other major companies’ boards including Generac Power Systems, Aramark, AMC Entertainment, Pinnacle Foods, Warner Chilcott, Cabela’s, and Legacy Hospital Partners.
Stephen Murray was also a philanthropist. He supported a foundation known as Make-A-Wish of Metro New York, Stamford Museum, Boston College and the Columbia Business School.