Stephen Murray was born in August 1962. He was raised at the suburbs of Westchester, New York. News about his death however were unveiled on 12th March last year. Learn more about Stephen Murray CCMP Capital: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/ and http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/
He received his college education at Boston College earlier in 1980s, same place he was later appointed as the chairman of the board of trustee. He furthered his academics with a Master’s Degree in Business Administration from Columbia Business School in the year 1989.
Before his enrollment for his Master’s Program, Steve Murray was employed at Manufacturers Hannover as a typical credit analyst a place where he began to gain knowledge insights to becoming the next generation executive. Immediately upon graduating from Columbia Business School, Murray welcomed at MH Equity Corporation, a subsidiary of Manufacturers Hannover. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees and 5 Questions with Stephen Murray, CEO of CCMP Capital
Later, Chemical Bank, a financial company based in Michigan, acquired Manufacturers Hannover, becoming a consolidated company of Chase Bank, Manhattan (owned by JP Morgan) in 1991. The two companies rebranded into Chase Capital Partners, a subsidiary of JP Morgan. In 2005, Mr. Murray was appointed head of buyout at JP Morgan.
Murray continued to pursue success in the field of hedge fund and in 2006, he became the founding partner of CCMP Capital, a company that span out of JP Morgan & partners. The company was established following Murray’s efforts to outdo his competitors for a bidder of a drug maker company, Warner Chilcott.
According to news reports by Bloomberg, Stephen Murray continued working for CCMP after being nominated as the CEO in 2007. He particularly made an impact to the company by raising $5.6 billion before he sought to resign following his deteriorating medical condition.
He attracted many investors to CCMP from the various sectors including healthcare, Consumer, energy and industrial. Among the distinguished clients includes Cabela Inc., Warner Chilcott, and Quiznos all holding $100-$500 million in equity sanctions.
Stephen Murray will forever remain in deepest part of hearts of his family as he was a very generous and kind man. He gave back to the society with his involvement with a number of charity foundations including Make-A-Wish Foundation and the Lower Fairfield County’s Food Bank Charity serving as evidences of his generosity.
Stephen Murray rest in peace knowing that he left CCMP Capital under the assured management lead by Greg Brenneman. He leaves behind his wife, Tami Murray and four sons.