Steve Murray, the former Chief Executive Officer and President of CCMP Capital passed away on March 2015 after an illness. He was 52 years old. Before he died, Murray had stepped down from his position as the CEO of CCMP Capital one month prior to his death citing health reasons.
His predecessor, Greg Brenneman, expressed his sincere condolences to the Murray family on behalf of the entire company. In his short speech, Brenneman said that the entire firm was extremely saddened by the news of Murray’s death and passed his condolences to the deceased’s wife and sons. According to Brenneman, Murray cherished his family a lot.
Founding Partner of CCMP Capital
Steven Murray was a founding partner of the financial firm. He was a great and strategic deal maker and investor whose shrewd investment deals bore numerous profits for the firm. Murray spent a better part of his successful career working in private equity.
Murray worked for CCMP Capital and its predecessors for over 25 years. He gained immense experience and knowledge working in the financial sector. This experience became invaluable at CCMP Capital since its successful spin-off from JPMorgan Partners. Learn more about Steve Murray: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/
Education and Working Career
Steve Murray joined Boston College to study economics and graduated in 1984. After graduation, he successfully applied and got accepted at Manufacturers Hanover Corporation’s training program for credit analysts. Later in 1989, he graduated from the Columbia Business School with a Master’s degree in BA. In the same year, he secured employment at MH Equity Corporation. The company had merged with Manufacturers Hanover and had leveraged the later company’s finance unit.
After two years, Chemical Bank acquired Manufacturers Hanover, while chemical Venture Partners entered into a merger with MH Equity. In 1996, chase Manhattan Corporation entered into a merger with Chemical bank while Chemical Venture Partners became known as Chase Capital Partners. Read more: Stephen Murray, The Great Investor and Deal Maker for CCMP Capital
In the year 2005, Murray headed a group of partners that bought out of the then JPMorgan Partners. The spinout group founded a company called CCMP Partners. They chose the initials CCMP to represent the previous heritage of companies that came together over the years to eventually form JPMorgan Partners. In 2007, Murray was selected as the new CEO of CCMP Partners.
Steve Murray served on several boards of major companies and institutions including AMC Entertainment, Legacy Hospital Partners, Pinnacle Foods, Aramark, Generac Power Systems, Warner Chilcott, Cabela’s and Vitamin Shoppe.
Steven Murray supports several philanthropic ventures including Columbia Business School, Stamford Museum, Lower Fairfield County’s Food Bank and Metro New York’s Make-A-Wish Foundation.