UPDATE DECEMBER 7, 2016 – Shoes For Crews, a CCMP Capital portfolio company that designs and manufactures slip-resistant footwear, has agreed to acquire the SureGrip Footwear subsidiary of Genesco Inc. (NYSE: GCO). (SOURCE: Fortune)
Today, everyone remembers Stephen Murray (former CEO of CCMP) as a devoted philanthropist, an innovator, and a family man. He relinquished his office duties a month prior to his death due to what the firm called “health related” issues. He had been an employee of CCMP Capital, a private equity firm based in New York, since 1989.
Stephen Murray CCMP Capital was instrumental in the success of the company as well as its predecessors. Formerly, the company was called Chase Capital Partners. JP Morgan purchased it, and the firm had to change its name to JP Morgan Partners. JP Morgan Partner turned out to be a huge success enjoying local and international presence. The company spun out independently back in 2006 and a year later; Murray became the CEO, succeeding Jeff Walker (the founder).
Contributions of Stephen Murray
Since obtaining an entry-level position at Stephen Murray CCMP Capital, he worked his way up to the top leadership position of the company. He remained loyal to the firm, even as it was going through a series of name changes due to numerous mergers and acquisitions. As the president of the company, he was in charge of investment strategies and growth plans. He oversaw the daily operations and negotiated top investment deals on behalf of CCMP Capital.
Read more: Team | CCMP Capital Advisors, LP.
Philanthropy and board memberships
Murray loved using his talents, academic knowledge, and success in business to make a difference in the world through philanthropic support. He supported several community initiatives financially and as an active participant. Charitable organizations that benefited from his charitable giving and wise leadership include Make-A-Wish Foundation, Stamford Museum, and Food Bank that is headquartered in Lower Fairfield County. Murray served on boards of several prominent companies such as LHP Hospital Group, Ollie’s Bargain Outlet, Jetro JMDH Holdings, Octagon Credit Investors, Crestcom, Strongwood Insurance Holdings, and Infogroup Inc. He leveraged his unrivaled professional expertise and experience to offer leadership insights to various boards he served in or led.
Murray was born in New York in a city called Brooklyn, and he grew up in North Tarrytown, New York. He completed his high school education at the Sleepy Hollow High School and Joined the esteemed Boston College. Murray studied a bachelor’s degree in Economics at the Boston College. In 1984, he graduated and joined Manufacturers Hannover Training Program as a trainee credit analyst. Later on, he enrolled at Columbia Business School and earned his master’s degree in Business Administration.
Learn more about Stephen Murray CCMP Capital: http://blogs.wsj.com/privateequity/2015/03/13/former-ccmp-ceo-stephen-murray-dies-at-52/