Stephen Murray: A Business Innovator

Longtime businessman Stephen Murray passed away in March 2015, but not before leaving behind a successful career and business. Murray was best known for his position as CEO to CCMP Capital Advisors, a company that branched out from JPMorgan Chase & Co.

Murray was born in 1962 and raised in Westchester County New York, a suburb of New York City. For his undergraduate study, he attended Boston College and received a Bachelor of Arts degree. He furthered his education by attending graduate school at Columbia University in New York, and earned a Master of Business Administration.

Upon receiving his degree, Stephen Murray was hired in 1984 at Manufacturers Hanover Trust Company, a New York based company. While initially hired as a credit trainee, Murray worked his way up the ranks to vice president of middle market lending. In 1989 he moved to a private equity and leveraged-finance component of Manufacturers Hanover, This company was an early precursor to CCMP.  Learn more about Stephen Murray CCMP Capital:

In 1991 Manufacturer Hanover was purchased by Chemical Bank. After three mergers with other companies, the company officially became known as Chase Capital Partners. In 2005 Stephen Murray CCMP Capital was awarded the position of head of the buyout business for JP Morgan partners.

The company then became known as CCMP when Murray led the spin off of the company in 2006. In the following year, he was named CEO of the company which consisted of the buyout and growth equity divisions of its private equity group.

Throughout his lucrative career, Murray served on the board of several successful companies, such as Cabela’s, Aramark, AMC Entertainment, and Warner Chilcott to name a few. He was also a philanthropist, supporting such charities as the Make A Wish Foundation of Metro New York and the Food Bank of Lower Fairfield County.

Stephen Murray served as the vice chairman of the board of trustees at Boston College, and was a member of the chairman’s council of the Make A Wish Foundation of Metro New York.

Stephen Murray continued his work and philanthropist duties until his retirement a month before his death in March 2015. For two and a half decades Stephen Murray was a key figure in the business world. He started at the bottom, and worked his way up to the top of the company.

He will always be remembered for his contributions and dedication to CCMP. Murray was survived by his wife Tami Murray, and their four children.