On March 12, 2016 Stephen “Steve” P. Murray passed away in his Stamford, Connecticut home. He is survived by his wife and four sons.
Stephen Murray started his financial career with a degree in economics from Boston College in 1984, and he continued on with his education by earning a Master’s degree in business administration from Columbia Business School.
Immediately after graduating from Boston College he applied and was accepted to the credit analyst training program at Manufacturers Hanover Corporation.
This led to a full time position at the firm which was purchased by Chemical Bank in 1991. His experience with Chemical Venture Partners was a great stepping stone to leading the buyout business at JP Morgan Partners.
CCMP Capital CEO
17 years after graduating from Columbia, Murray co-founded CCMP Capital and was named CEO a year later. The firm was a spinoff from JP Morgan and Murray continued his work in buyouts and growth equity.
Along with running his new venture, Stephen Murray served on the board of several notable companies such as Aramark, Generac Power Systems, AMC Entertainment, The Vitamin Shoppe and Pinnacle Foods.
In February of 2016, Murray left CCMP Capital citing undisclosed health issues. This incident followed a 60 day leave of absence in January of the same year. Greg Brenneman took over as CEO as the result of multiple key-man clauses on the fund.
Murray was especially passionate about supporting the Make-A-Wish Foundation of Metro New York, a non-profit which grants wishes to terminally ill children by providing trips or other adventures.
He also gave back to his alma maters Boston College and Columbia Business School. The Stamford Museum in Connecticut where Murray resided also benefitted from his generosity.