CCMP Capital, the investment firm with offices in New York, Texas and London, lost its President and CEO recently after Stephen Murray resigned citing health issues as the reason.
It is now known that Stephen Murray, who had been in the investment industry since 1989, has passed away at the age of 52. No cause of death has been reported for the Stamford, Connecticut resident who leaves behind a wife and four sons.
Stephen Murray grew up in a suburb of New York City and was a Boston College graduate who later received his Master’s Degree in Business Administration from Columbia University. He began his career in the credit analyst training program at Manufacturers Hanover Corporation. He remained with the company through multiple sales and transfers of ownership.
Over the years he gradually worked his way through the company to reach the top position – read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M
. This promotion occurred after the CCMP branch became an independent entity in 2006. Murray was a founding partner of the organization and became President and CEO in 2007. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/
CCMP is known for investments and buyouts in the industrial, health care and energy sectors. With his help, CCMP raised a $3.6 billion fund last year.
In addition to his work as a private equity investor, Murray was also a dedicated philanthropist. He supported numerous causes including food banks, the Make a Wish Foundation and many others (Learn more about Stephen Murray CCMP Capital: http://www.ccmpcapital.com/Team).
He served as the chairman of the Board of Trustees for Boston College and was a member of the Chairman’s Council for the Make a Wish Foundation of Metro New York.
The firm’s chairman, Greg Brenneman, is currently acting CEO while the company has divided the remainder of Murray’s responsibilities among several other executives. Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund