52-year-old Stephen Murray is no longer with us. Stephen Murray had been a part of CCMP Capital for 25 years and will be sorely missed. He abruptly quit his position at the company just one month before his death, and all who knew him were shocked to hear the news.
Stephen was a lifelong scholar and financial expert. A New York City native, he kept the city close to his heart his whole life. He was born in Brooklyn, attended school in North Tarrytown, and earned his master’s degree at Columbia Business School. Stephen then spent the majority of his career at CCMP located in New York.
He began his career in 1984, working at Manufacturer’s Hanover Corporation. At this job, he went through credit analyst training. He gained solid experience in the industry here which he used to acquire a position at MH Equity Corporation. This corporation would eventually be merged into Chemical Venture Partners, then Chase Manhattan Corporation, and Chase Capital Partners. In 2005, Stephen Murray was in charge of the company, and he presided over the buyout offer from JP Morgan Partners. JP Morgan wanted to spin the company off, so it allowed Stephen to form CCMP Capital. It was formed from the growth equity team of its private equity group. Stephen’s reward was the CEO position at CCMP.
Stephen was at this point infamous for his financial savvy. Many companies wanted him on their board of directors to get access to his insights. Stephen served on the board for AMC Entertainment, Warner Chilcott, Cabela’s, Aramark and more. Stephen was also infamous for his generosity.
Stephen actively supported the Make-A-Wish Foundation in New York City and Columbia Business School. He personally donated funds and freely gave his time to serve as the vice chairman on its board of trustees for the New York area.
Stephen’s colleagues had kind words to say about him. They offered their deep condolences for the loss to his family. They felt a special pride and joy for the time that they served under him and were able to learn from his expertise. They remember Stephen as a family man, a leader and a deal maker. At CCMP Capital, Stephen’s legacy will last a long time through those he influenced.
Stephen Murray was a humble, quiet man who left this world all too soon. He rose from the position of financial analyst trainee to be the CEO of CCMP Capital.