How Stephen Murray Singlehandedly Made CCMP A Leading Financial Services Provider

Stephen Murray is regarded as one of the most successful and energetic executives to have ever graced the American corporate scene. He is fondly remembered for working tirelessly in an effort to transform CCMP Capital into the industry leader that it is today. Stephen was similarly a family man, and a philanthropist. He resigned from his role as the firm’s chairman and president due to health complications, only to pass away one month later. Nonetheless, his influence on the industry will be valued for many years.

Stephen’s Career

The New York native attended Sleepy Hollow High School and Boston College, from where he holds an Economics degree. After graduating, he joined Manufacturers Hanover Corporation on nypost.com for his internship. His talents stood out, and made him to be absorbed into the firm. Starting from a junior position, he quickly established himself as one of the most dependable and competent employees. This saw him play a crucial role in the success that Hanover Corporation and its predecessor firms had.

Mr. Murray earned his MBA from Columbia Business School in 1989. During this time, Hanover Manufacturers Corporation had undergone several acquisitions that would later lead to the formation of Chase Capital Partners and JP Morgan Partners. Stephen had equally made a name for himself as one of the brightest minds in the money markets on Crunchbase. With his deep understanding of the industry, he was part of the M&A teams that facilitated all the mergers and acquisitions over the years.

Read more: Exclusive: CCMP Capital CEO Stephen Murray leaves firm

CCMP’s Spinoff and More Success

Stephen was part of a team that led a spinoff from JP Morgan Partners to form CCMP Capital in 2006. He was made president and CEO one year later, just as the financial crunch was setting in. He defied expectations by leading CCMP through the crisis without any significant losses. Actually, it was at this time that CCMP established itself as a force to reckon with in the financial services industry. It similarly became one of the leading equity firms in the United States.

Prior to his demise, Mr. Murray was a board chairman of several companies. These include Jetro JMDH Holdings, Credit Investors, Crestcom International, Ollie’s Bargain Outlet, LHP Hospital Group, Strongwood Insurance Holdings, and Octagon Credit Investors. His insightful leadership helped these firms to be successful in their respective fields. Stephen was similarly a passionate philanthropist, who supported numerous noble initiatives such as the Food Bank of Lower Fairfield County. He left behind a widow and four sons.

Learn more about Stephen Murray: http://www.ccmpcapital.com/team/