It was with a heavy heart that CCMP Capital announced the passing of Stephen Murray. Stephen was with the company for 16 years and made the company what it is today. Stephen was a great man who sat on the boards of great companies such as Aramark and Warner Chilcott. Stephen was the president and CEO of CCMP Capital before leaving the company. CCMP Capital is one of New York’s most renowned private equity firms. It took the firm only five months to raise $3.6 billion for its latest fund. Murray was one of the listed executive handling that fund.
Murray was one of the most legendary financiers the industry had ever seen. He didn’t raise the most money in history or anything like that, but he was one of the most versatile and knowledge man to ever work in the financial industry. Although he spent much of his career working with CCMP, he earned some experience working with other companies as well. He had been with CCMP since 1999 and had planned to stay with them until he retired. Along with his ties to CCMP Capital, he sat on the boards of many other companies. He held seats at Crestcom International, Infogroup Inc., LHP Hospital Group, Ollie’s Bargain Outlet, Strongwood Insurance Holdings, and Octagon Credit Investors. So it was quite the mystery why such a capable man would sudden withdraw from the company. By the time CCMP had taken his photo off their website, it was announced that he leaving because of health-related issues.
Read more: Ex-CCMP Capital CEO Steve Murray passes away
A month later, it was announced that Stephen Murray, age 52, passed away. He had worked in the financial industry since 1989. In his early years, Stephen worked with Chase Capital Partners. He continued to stay a part of the company after it was bought out by J.P. Morgan on wsj.com. He was there as the company reigned as one of the largest private equity firms in the world. Eventually, the firm spun out and Murray succeeded Jeff Walker as CEO.
It was later announced that Greg Brenneman would succeed Murray as President and CEO. Brenneman released a statement on behave of the firm and its employees concerning their grief over the loss of Stephen Murray. He wanted to offer the Murray family his deepest condolences, and for them to know that many hearts and prayers are with them.
Learn more about Stephen Murray: https://www.linkedin.com/in/stephen-murray-ba834346