Crosses For Losses

The Legacy of CCMP Capital’s Former CEO Stephen Murray

Stephen Murray was a renowned investor as well as the chief executive officer CCMP Capital, which is a privately operated equity firm that specializes in both growth and buyout equity transactions. During his tenure, Murray managed to spearhead the operations of CCMP, which led to more revenue.

Murray obtained his bachelor’s degree in economics from the Boston College in 1984. Further, he graduated from Columbia Business School in 1989 with a master’s degree in business administration.

Professional Career

Murray’s career began in 1984 after joining the Manufacturers Hanover Corporation for the credit analyst training program. In Hanover, he worked for a duration of five years before moving to MH Equity Corporation. The MH Equity combined its leveraged finance unit with the private equity belonging to Manufacturers Hanover.

In 1991, the Chemical Bank bought the Manufacturers Hanover while both the MH Equity and the Chemical Venture Partners merged. Later in 1996, both Chase Manhattan Corporation and Chemical Bank merged. The Chemical Venture Partners transformed its name to Chase Capital Partners. Read more: The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership
JP Morgan Partners appointed Stephen Murray to oversee the operations of their buyout and growth business. He qualified for this position due to his outstanding experience and versatility in dealing with buyouts and private equities. Upon identifying the need for the company to grow in a bid to boost revenue growth, Murray decided to establish CCMP Capital and became its president and chief executive officer in 2007.

Stephen Murray founded the company to offer advanced services to those rendered to clients by JPMorgan Partners. JP Morgan private equity group was instrumental in the formation of CCMP Capital due to Murray’s past relationship and collaboration with the firm.

Murray as a Philanthropist

Apart from being an incredible investor, Stephen Murray had a generous heart, which drove him to make significant contributions and donations towards various initiatives and organizations. Consequently, he channeled his contributions to the Food Bank of Lower Fairfield County, the Make-A-Wish Foundation of New York, Columbia Business School as well as the Stamford Museum.

In addition, Murray was part of the membership of the Make a Wish Foundation’s Chairman Council and the vice chairperson of Boston College’s Board of Trustee.

During his career time, Murray was a member of company boards such as the Vitamin Shoppe, Legacy Hospital Partners, Aramark, Generac Power Systems, Warner Chilcott, Pinnacle Foods, AMC Entertainment, as well as Generac Power Systems.

Late last year Stephen Murray left CCMP after going through various medical or health challenges. The operations of the company were taken over by Greg Brenneman. Murray later passed away at the age of 52 leaving the staff and management team at CCMP with grief.

Click the links below to 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
https://www.pehub.com/2007/10/5-questions-with-stephen-murray/

Leave a Reply

Your email address will not be published. Required fields are marked *