Stephen Murray touched the lives of many people, from investors to business clients to the beneficiaries of his philanthropy. His hard work saw him become one of the icons in the world of private equity as a great investor.
Culture Bytes reveals that Stephen Murray was also an exceptional leader, a role he played at CCMP Capital, where he was the president and CEO of the firm. CCMP Capital is a private equity firm that has specialized in middle-market leveraged buyouts as well as growth equity investments.
In 1984, Stephen Murray exited Boston College with his economics degree to embark on his career path. This path began at the Manufacturers Hanover Corporation where he was incorporated into the training program as a credit analyst. Manufacturers Hanover’s private equity group joined forces with its leveraged finance unit to give rise to MH Equity Corporation.
In 1996, there was a merger between Chemical Bank and Chase Manhattan Corporation. Following the merger, Chemical Venture Partners gave rise to Chase Capital Partners. Nine years later in 2005, Stephen Murray was appointed to serve as JP Morgan Partners’ head of buyout business.
2006 saw the formation of CCMP Capital, which was co-founded by Mr. Murray and was a spinout of JP Morgan Chase. In 2007, Stephen Murray rose to become the CEO of CCMP Capital.
XERepublic confirms that , CCMP Capital is not the only firm to enjoy the excellent leadership and decision-making skills displayed by Stephen Murray. Mr. Murray has served on the board of various firms, some of which include Aramark, Pinnacle Foods, AMC Entertainment, Vitamin Shoppe, Ollie’s Bargain Outlet, Infogroup Inc., Octagon Credit Investors and Strongwood Insurance Holdings.
Stephen Murray was not shy when it came to matters of philanthropy. Mr. Murray supported various courses as well as institution that contributed to the improvement of the lives of those involved. Among the institutions that Murray supported include Stamford Museum, Columbia Business School, Boston College, Lower Fairfield County Food Bank and the Make-A-Wish Foundation.
Stephen Murray also provided leadership by serving the board of trustees at Boston College as the Vice Chairman and the Make-A-Wish Foundation as a member of the chairman’s council.