The late Stephen Murray (August 2, 1962 – March 12, 2015) former chief executive officer of CCMP Capital is remembered as a family man and a philanthropist. Mr. Stephen left office a month earlier due to what the company termed as “health-related” issues. The main cause of death was not reported. Stephen had served the company for more than 20 years.
Mr. Stephen played a major role in the success of the organization and its predecessors. Earlier, the organization was known as Chase Capital Partners. The company was purchased by JP Morgan hence, changing its name to JP Morgan Partners. JP Morgan Partners was a huge success as it became one of the leading private equity firms both locally and internationally.
Due to a spin-off in 2006, CCMP left the group with Stephen at the helm. Mr. Stephen succeeded Jeff Walker who was the founder of the group. Before his unfortunate demise, Stephen served on the board of Credit Investors, Jetro JMDH Holdings, Crestcom International, Octagon Credit Investors, Ollie’s Bargain Outlet and Infogroup Inc., LHP Hospital Group, and Strongwood Insurance Holdings.
Mr. Stephen joined JP Morgan’s merchant bank in 1989 and was charged with the responsibility of structuring a sizeable private-equity business. The company became a major participant in investments and was able to acquire corporations like Aramark. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees
The current chair of CCMP, Greg Brenneman said that they were deeply saddened by the news of Stephen’s death. Mr. Greg went ahead to send a heartfelt condolence to Stephen’s family. In his long letter to Stephen’s family, he noted that Stephen was a great man, the pride, and joy of his family.
Stephen spent the better part of his life in private equity and through this, he attained exceptional deal making abilities. Mr. Greg concluded his condolence message by stating that the entire CCMP team was grateful for the major developments that Stephen brought to CCMP and its predecessors.
Stephen’s Early Life
Mr. Stephen Murray was born in Brooklyn, New York. He spent most of his early childhood life in North Tarrytown, New York. He went to Sleepy Hollow High School and later enrolled at Boston College. At the Boston College, he majored in economics. After his graduation in 1984, he enrolled in the credit analyst training program at Manufacturers Hannover.
Murray earned his master’s in Business Administration from the Columbia Business School. He served in different positions at the firm’s predecessors before becoming the head of the organization. Some of the predecessors of the firm include Chase Capital Partners, Chemical Venture Partners, and JP Morgan Partners.
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