Stephen Murray CCMP Capital, former CEO of investment firm CCMP Capital, has died at the age of 52, according to a report in Fortune Magazine.
The finance guru, who was considered among the best in his field, had taken a leave of absence before his death. In February, Murray stepped down as CEO. It was reported that his absence was due to “health-related” issues.
“We are extremely heartbroken over the passing of our longtime friend and colleague Stephen,” said Greg Brenneman interim CEO of CCMP. “We have extended our condolences to his wife and family. He will be sorely missed.”
The death of Stephen Murray doesn’t bode well for the company. Their fate rests in the hands of the investors while the board can only wait and see what happens.
Murray held the CEO position at CCMP Capital for 16 years on en.wikipedia.org, but he worked at the company for over 30 years.
The Westcheter, NY resident began working for Hanover Manufacturers Corporation in 1985 after graduating from Boston College. The company went through several changes over the years. After a spinoff with JP Morgan Chase on observer.com, CCMP was born.
Over the years, Murray helped put CCMP on the map as one of the most successful brokerage firms in the world. He saw the company through a number of acquisitions. One of the smaller firms, Stephen Murray successfully help CCMP out bid many larger corporations to acquire Irish pharmaceutical company Warner Chilcott.
“He was a dynamic businessman and seller,” said a colleague. “No one was better in sealing the deal.”
Murray sat on the board of Warner Chilcott, The Vitamin Shoppe, Octagon Credit Investors and Ollie’s Bargain Outlet, just to name a few.
Generous with his time and money, Murray gave to the Make-A-Wish Foundation and the Food Bank of Lower Westchester County.
No funeral arrangements have been announced at this time.