The sudden passing of CCMP Capital’s CEO Stephen Murray has left the company in disarray.
The 52-year-old financial guru left the company temporarily last month due to health reasons, according to Forbes Magazine.
A founding partner of CCMP, Stephen Murray had been with the company since 1989. Colleagues and industry insiders are shocked and saddened by Murray’s passing. “We are at a complete loss. Our hearts go out to Murray’s wife and children,” said interim CEO Greg Brenneman.
Murray had over two dozen years experience in the finance industry. Most of his work experience was with CCMP. When he joined the company, it was Chase Capital Partners, a division of JP Morgan Chase Partners. After the spinoff into a separate business, the company became CCMP Capital. 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
Murray lead the company through a number of mergers and acquisitions over the years. He is widely recognized as a pioneer in the industry and someone who has made significant contributions to his company. Murray was described as fearless and determined to invest alongside bigger companies.
Brenneman said that CCMP went through a few rocky times, and it was only through Murray’s leadership that the company prevailed. He was a consummate businessman, professional and deal maker, according to Brenneman.
Stephen Murray has also lent his expertise to other companies including Aramark, Strongwood Insurance Holdings, LHP Hospital Group and Jetro JMDH Holdings.
Company milestones spearheaded by Murray include the successful raising of $3.6 Billion in capital, which helped put the company on the map. In 2004, he helped the company win the successful bid to acquire Warner Chilcott. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/
A number of big fish that wanted the drug company were beaten out including TGP Capital and Blackstone.
Although Murray’s leadership will be sorely missed, Brenneman is confident that the company will continue to thrive.
Funeral plans have not been announced.
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