Legendary Business Executive Stephen Murray Passes Away

Former CEO of CCMP Capital has passed away. Steve Murray, who took over the mantle at CCMP Capital in 1989, has been instrumental in the rise of the organization. CCMP Capital has changed its name several times before attaining the current one – Please read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M.

Formerly known as Chase Capital Partners, it was changed to J.P Morgan after JPMorgan Partners purchases it. The metamorphosis enabled the private equity firm to rise and become of the leading private equity firms in the world.
In 1984, Stephen Murray graduated with a bachelor’s degree in Economics from Boston College. Due to his ambition and urge to learn, he joined Columbia Business School for a master in the same field. In 1989, he graduated with a Master’s degree in Economics.

The education and skill he acquired in the two schools played a great in shaping his decision making. It is the knowledge that made him rise and get to the helm of CCMP Capital. Learn more about Stephen Murray CCMP Capital: http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145

The strategic rise and movement from one organization to the other have armed Stephen with the experience to get through the business world. While in Manufacturers Hanover Corporation, he joined the Credit Analysis Training Program.

The program equipped him with an eye for detail and the skill to analysis credit in an objective manner. He acceded to a few more organization before ending up at Chemical Bank in 1991. In the year, Chemical Bank had purchased Manufacturers Hanover Corporation. Read more: Ex-CCMP Capital CEO Steve Murray passes away

In 1996, Chemical Bank merged with Chase Manhattan Corporation. The transactions continued until 2007 when Stephen Murray was announced CEO of CCMP Capital.

Stephen Murray learned the lessons of giving to the less fortunate at a tender age.

It explains why he participated, vastly, to philanthropic activities. Stephen supported many organizations including; Make-A-Wish Foundation, The Food Bank, Columbia Business School and Stamford Museum.

He served in the Chairman’s Board, as a member, in the Make-A-Wish Foundation. The organization is located in Metro New York. Also, Stephen served as the Vice Chair of Boston College’s Board of Trustees.  Learn more about Stephen Murray CCMP Capital: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees

A month before passing away, Murray left CCMP Capital on reasons termed as ‘health-related’. There is inadequate information regarding his condition in the time he was gone.

However, despite his demise, people celebrate the role he played in the Credit market. More people see Stephen as a legendary business executive.