Steve Murray, the former CEO at CCMP Capital has passed away. The private equity manager for a longtime passed away at the age of 52. He was the former CEO and President of the CCMP Capital, a firm that deals in private equity. Murray had stepped down from his post at the firm on health-related grounds. He worked for the firm and the other predecessor firms from 1989.
The firm was once known by the name Chase Capital Partners, later became JPMorgan Partners after Chase was purchased by J.P. Morgan. In 2006 and 2007, the group independently spun out and Murray took over the CEO post succeeding Jeff Walker, the group’s founder.
The present CEO and Chairman at CCMP, Greg Brenneman, mourned the sad demise of the firm’s former partner and friend. He expressed his deepest condolences on behalf of the firm to Murray’s wife and sons. He described them as Steve Murray’s pride and joy. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees
He also pointed out that Murray was a great investor and a terrific deal maker who dealt with private equity for the better part of his career. Brenneman applauded the late Steve Murray for his immense contributions to the firm ensuring its success and all the previous firms before CCMP came into being. There has not been an official communication on the funeral or any memorial plans.
About Stephen Murray
Stephen Murray graduated in 1984 from the Boston College with an Economics degree and five years later he was awarded a MBA from the Columbia Business School. He joined the firm that was a predecessor of CCMP in 1989 and stayed put as it went several changes in its ownership before becoming a stand-alone firm in the year 2006. In 2005, Murray assumed the post of buyout business head at the J.P. Morgan Partners and continued holding this post until the spin out that occurred in 2006.
CCMP Capital emerged as a result of the JP Morgan Chase spin out and Murray was a co-founder of the new firm. The firm comprised of the growth and buyout equity team that was part of the private equity group in the former firm.
In 2007, Steve Murray was named as the CEO of the CCMP Capital firm taking over from Jeff Walker. Murray also served in the board of other large companies like Generac Power Systems, Aramark, Warner Chilcott, Legacy Hospital Partners, Cabela’s among others.
Murray was a philanthropist and supported various institutions like the Stamford Museum, Make-A-Wish Foundation in Metro New York, Columbia Business School and Boston College.