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
Bruce Levenson is an individual who has many talents as well as attributes and has made a fortune from becoming a successful businessman who has dedicated his career to helping to inform individuals around the world about some of the world’s most relevant topics that are being argued and pursued for solutions. Bruce Levenson is the proud co-founder of the United Communications Group which is a group that is dedicated to informing the world about worldwide news. Bruce Levenson has built his success by informing the world on relevant news such as oil and how many oil companies as well as cartels work within the oil industry.
Bruce Levenson has always been known to be a dedicated individual who has worked hard to build his company. As an individual who has grownup within a Jewish family, Bruce Levenson has continued to cherish the advice as well as the traditional outlook that he has been taught to preserve. As a businessman, Bruce Levenson is dedicated to both modernization while also maintaining tradition when it is necessary. Bruce Levenson is continuing his success and hopes to continue to help others with his multi-billion dollar company that was built around information.
In recent news, this Forbes billionaire businessman has announced his plans to sue the New Hampshire Insurance Company due to a recent breech in a contract that was made by the General Manager of the company. Bruce Levenson has begun to conduct this lawsuit to help anyone else who has experienced a breech in their contract and has lost faith with this insurance company. Though the claim is confidential, Bruce Levenson continues to express how appalled he is at the entire issue. Bruce Levenson is a businessman who has always put his customers first and who has never harmed the trust that he has had with clients.
Stephen Murray managed to build himself into one of the most recognizable executives in the industry during his run at CCMP Capital, as one of the company’s founders and Chief Executive Officers he lead the company with high success. It was a surprise to everyone and the blow could be felt by all of his friends and colleagues when he passed away.
Stephen Murray started young with his interest in finances and his desire for reaching success. This is what encouraged him to go into finances and study at the Boston College to earn his bachelor’s in economics and finance in 1984.
Stephen also managed to earn his Masters in Business Administration from the Columbia Business School by 1989. By then he had already started his career 5 years earlier at the Manufacturers Hanover Corporation on Crunchbase. Due to his impressive work ethic and talents, he was able to work his way up to Vice President of MH rather quickly.
Over the years, the company went through many periods of restructuring and merging on pehub.com. Stephen endured throughout the transitions of the company for more than a decade, always holding a position due to his abilities. All the time the company was merging divisions, being picked up by the equity corporation, being acquired by Chemical Bank, followed by Chase, followed by JP Morgan. All throughout this time Stephen was biding his time and working his way up the ranks of the ladder. He made many contributions to the overall success of the company throughout its transitions as well.
By 2005, Stephen Murray finally found himself as the head of buyouts at the bank JP Morgan Partners on fortune.com. It only lasted a year before the idea for a spin off was in the works. This ended up leading to the founding of CCMP Capital by Stephen and some others, which he also took up the position of CEO.
It was the strategies laid down by Stephen Murray that allowed the company to overcome the market shifts as well as see the company rise to even greater levels of success and become a leading provider of financial services.
Learn more about Stephen Murray: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/