Few people have made as large an impression on the private equity investment world as Stephen P. Murray. Unlike many other business leaders, he also made a deep impression in the world of philanthropy. Sadly, he recently passed away.
He was only 52 years old. His friends and colleagues are very saddened by his loss. His wife and children are, of course, deeply grieved. The world itself is a poorer place now that he is gone.
He was the President and chief executive officer of CCMP Capital. He had the distinction of co-founding this firm. It was, at one time, one of the world’s largest private equity companies.
Formerly known as Chase Capital Partners, it transitioned into JPMorgan Partners when J. P. Morgan purchased Chase. It became independent in 2006.
Mr. Greg Brenneman, who acted as Chairman, has taken over the CEO position. He expressed eloquent condolences to Steve’s wife and children, an extoled him as “a terrific investor.”
Stephen Murray CCMP Capital had apparently been feeling poorly for some time, and he resigned for health related reasons last month. He had been working with the firm since 1989.
Mr. Murray had extended himself in his career by sitting on numerous board. These included major companies and some that were not as well known. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/
To name a few, he helped lead Strongwood Insurance Holdings, and he had an impact with Ollie’s Bargain Outlet. This shows a versatility in Murray and reflects a community concern that included others.
In keeping with this concern, Murray had earned a reputation as a philanthropist. He avidly supported the Make-A-Wish Foundation of New York, and he gave significant help to the Food Bank of Lower Fairfield County.
He supported education by giving to Boston College and the Columbia Business School. He was an alumnus of both institutions. He also supported the Stamford Museum.
By doing more than just business, he became the kind of individual people sought out for help with governing and directing their concerns. He sat on the chairman’s council for the Make-A-Wish Foundation of Metro New York and was vice chairman of the board of trustees at Boston College.
Stephen P. Murray lived in such a way that others should try to follow his example. Many people struggle in the world of finance to make money, whereas he clearly tried to do more. This speaks well of the character he earned.