The Legacy of CCMP CEO, Stephen P Murray, Lives On

Stephen P Murray’s was a renowned philanthropist and private equity investor who was born on 2nd August 1962 and grew up in New York City, specifically in Westchester County. Together with his wife, Tami Murray, they managed to get four children. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital

Stephen Murray derived his knowledge in business from his academic background. He possessed a degree in economics from the Boston College, which he obtained upon his graduation in 1984. Further, he was a master’s holder in business administration. He earned this academic achievement from the Columbia Business School in 1989.

Murray’s Career

Murray began his career in 1984 at the Manufacturers Hanover Trust Corporation as a trainee for the credit analyst training program. Later in 1989, he became part of the MH Equity Corporation, which united the equity group belonging to Manufacturers Hanover with the leveraged finance unit. Read more: West Village Townhouse for $17 Million

However, the MH Equity combined with Chemical Venture Partners. Another merger followed between Chase Manhattan Corporation and Chemical Bank in 1996, which led to the transition of Chemical Venture Partners to Chase Capital Partners.

Stephen Murray as part of the Chase Capital Partners even after J.P.Morgan acquired it to become J.P.Morgan Partners. Consequently, he headed J.P.Morgan Partners’ buyout business before co-founding CCMP Capital. In 2007, he succeeded the Jeff Walker to become the Chief Executive Officer and President of CCMP Capital.

During his time at CCMP Capital, he managed to drive the company to greater heights such as raising 3.6 billion and later posting about $500 million on equity for each transaction. Crestcom International, LHP Hospital Group, Strongwood Insurance Holding, Jetro JMDH Holdings, Infogroup Increment, Octagon and Credit Investors were some of his eventual board membership prior to his demise.

Role Played in other Companies

Apart from serving as the president and CEO of CCMP Capital, Murray was an instrumental figure on the board of various large corporations. Some of the companies where he served as a member of the board include Legacy Hospital Partners, Aramark, Cabela’s, AMC Entertainment, The Vitamin Shoppe, Generac Power Systems, as well as Warner Chilcott.

Philanthropic Life

As a charitable giver, he supported various initiatives and organizations throughout his career. A testament to this was the role he played serving as a member of the Make a Wish Foundation’s Chairman Council. He also served as the Vice chairperson of Boston College’s board of trustee. In addition, he supported various entities such as the Columbia Business School, the Food Bank of Lower Fairfield County, the Make-A-Wish Foundation, and the Stamford Museum.

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May 4, 2016