Steve Murray is one of the most popular and respected hedge fund managers in the United States. Many people know him as a successful entrepreneur who was excellent at making deals on wsj.com. He joined CCMP Capital a long time ago, and he has done a lot to ensure that the company increases its revenue. Apart from working for CCMP Capital, Steve Murray has had the opportunity of sitting in important boards for instructions’ such as Warner Chilcott and Aramark.
Last year, Stephen Murray publicly announced his plans to resign as the CEO of the CCMP. He also announced that he would no longer be working for the private equity company on Wikipedia. The decision surprised many people. Most of the clients from the company were worried that no one else would be capable of handling the affairs of the institution like Steve Murray. While in charge of the company, Steve Murray was responsible for raising more than three billion for its funding. This enormous capital was raised thanks to the contributions of the businessman. Before announcing his resignation, one of the respected magazines in the country had listed him as one of the top executives who have played the huge part in the funds.
CCMP Capital is a renowned equity firm that is privately owned. The company is currently headquartered in New York City, and it has several other branches in the country. Steve Murray has worked for the institution for many years, ensuring that it becomes the biggest equity firm that is privately owned.
Read more: CCMP’s Murray dead at 52
When Steve Murray announced his resignation, newspapers and media personalities went looking for him. They wanted to understand the reason behind the resignation. The Fortune Magazine reported that the longest serving CEO of CCMP Capital was having health problems, and that is why he was leaving. According to the report, Steve was going to look for medical care. What shocked many is the fact that his name was removed from the company website in less than ten days.
One month after leaving CCMP Capital and resigning from the top position, Steve Murray passed away. People who knew him say that he was fifty-two years old. Murray’s death came as a great shock to many, especially his colleagues and clients.
Greg Brenneman was the chairman of the company, but he will now take Steve Murray’s position as CEO. Greg said that his company was saddened by the loss of one of the founding partners and close friend. According to Greg, CCMP Capital had achieved its success because of Steve Murray’s contributions.
Learn more about Stephen Murray: https://www.linkedin.com/in/stephen-murray-ba834346