Life is full of choices, which is something that Stephen P. Murray understood. He made the right choices to further his career. He passed away on March 12, 2015, but he will be remembered for many things. One thing that he may be remembered for is being the president of CCMP Capital, but he was much more than that. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/
Who Was Stephen P. Murray?
Being the president of CCMP Capital was one of Murray’s great accomplishments in life. After all, CCMP Capital is a very successful private equity firm that focuses on buyout and growth equity transactions.
But Stephen Murray had to walk down a very long road to get where he wanted to go. For one, he graduated from Boston College in 1984 as an eager student. He earned his degree in economics. Murray took his passion even further because in 1989 he got his master’s in business administration at the Columbia Business School.
Not a moment passed after Murray got his first degree that he participated in the credit analyst training program at Manufacturers Hanover Corporation. Murray definitely garnered a lot of experience here, which he continued to use and develop. 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
In 1989–when Murray got his second degree–the MH Equity Corporation welcomed him with arms wide open. The MH Equity Corporation combined Manufacturers Hanover’s private equity group with its own leverage finance team.
This turned out to be a lesson in business transactions and monumental changes, since Manufacturers Hanovers was purchased by Chemical Bank in 1991 while MH Equity got absorbed by Chemical Venture Partners. Remember that this was just a few years after Murray joined these companies. And, as if that was not enough change, Chemical Bank joined Chase Manhattan Corporation back in 1996. This was the point when Chemical Venture Partners morphed into Chase Capital Partners.
Stephen Murray was there to witness all those changes, and he flourished under pressure, becoming the head of a buyout business at JP Morgan Partners. In 2006, Murray formed the company he is known for as an extension of JP Morgan Partners, and one year after that, he became the CEO.
Stephen was also known for having a big heart, since he vigorously supported the Make-a-Wish foundation. But, perhaps, he will be remembered mostly as being a wonderful husband to his wife Tami and an excellent father to four great kids. The point is Stephen left a legacy and will be remembered for it.
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