Stephen Murray stepped down as the CCMP Capital’s president and CEO. He had been with the private equity firm based in New York since 1999. The firm was able to raise $3.6 billion in its latest fund about five months ago. Murray was one of the two CCMP executives that had been listed on the funds’ SEC filings while the other was Greg Brenneman, the chairman. Brenneman was also among the five people in control listed on Form ADV, the most recent one from CCMP. Murray started off with the firm when it was referred to as Chase Capital Partners on Crunchbase before it became JPMorgan Partners. It then spun out independently in 2006. He held board seats on Infogroup Inc., Crestcom International, Jetro JMDH Holdings, Ollie’s Bargain Outlet, Strongwood Insurance Holdings and Octagon Credit Investors.
There has not been any official communication regarding his stepping down and where he might be headed after CCMP. His details were also removed from the private equity firm’s website within the last 10 days. There was an update from a spokeswoman from CCMP who termed Murray’s departure was health-related. She however, did not offer any more information on what would happen to his board seats or who would succeed him as the CEO.
Death of Stephen Murray
Longtime former CEO and president of CCMP Capital is dead at the age of 52. The late Murray had just stepped down a month ago from his positions at the private equity firm on health grounds. Greg Brenneman, the current CCMP chairman and also CEO after succeeding Murray expressed the firm’s sorrow after learning about the demise of Stephen Murray. He further expressed their deepest condolences to the wife and sons of the late Murray whom he termed as having been the pride and joy of the former private equity executive. He remembered him as a great deal maker and terrific investor who spent most of his life in the private equity sector. He also expressed his gratuity for the great contributions made by Murray to ensure CCMP’s success. There were no clear details about the memorial plans and funeral date by the time of going to the press.
About Stephen Murray
Murray had graduated from the Boston College with an Economics degree in 1984 and then proceeded to get an MBA from the Columbia Business School in 1989. He joined the predecessor firm to CCMP and stayed put as it changed its ownership a number of times before becoming independent in 2006. He was charged with the buyout business and held onto the same post after 2006.
Learn more about Steve Murray: http://www.ccmpcapital.com/team/