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Steve Murray was the President and Chief Executive Officer (CEO) of CCMP Capital, a private equity investment company. Steve Murray had been with the firm since 1989 and stayed with the company through several mergers and acquisitions before the eventual spin-off resulted in CCMP Capital.
Mr. Murray was a graduate of Boston College where he earned a degree in Economics in 1984 and the Columbia School of Business where he earned a Master of Business Administration (MBA). His education gave him a solid foundation on which he was able to build a successful career on nypost.com.
Steve Murray passed away in March of 2015 after a short illness. He left CCMP a month earlier citing health concerns. He left behind a very saddened group of colleagues in addition to his family and many friends. He is remembered for his many contributions to the private equity industry on ccmpcapital.com. He was a very inspired and energetic deal maker and investor and left a void that will be difficult to fill.
The legacy Steve Murray left behind is one of sharing and giving back. He supported several organizations with great enthusiasm and joy as he worked to give back to a community and world that had given him so much. It was important for him to work with organizations that touched his heart, as well as support his own values of compassion and love. Steve Murray always inspired others to follow his lead and give something back.
His philanthropic ideals led him to support the Make A Wish Foundation of New York and the Food Bank of Lower Fairfield County. They were both worthy organizations that helped deliver help and happiness to its recipients. Steve Murray also served on the board of directors of both alma maters for the purpose of advocating for higher education for all. He always credited his education with allowing him to find his path to success. He believed education will always be an asset no matter where one goes in life.
In the high stress world of being a private equity investor, there is a lot to consider and a lot to ponder. It is clearly not for everyone. Certain people have the makeup for it and certain people do not. That is not to diminish what others are capable of, but it is like someone trying out for a football team and they have never played a sport before in their life.
Either it is in the person or it is not. It was definitely in Stephen Murray’s makeup. In fact, it was a thrill for him to be put in charge of high profile decisions and have to handle them.
He took it as a compliment that he was entrusted with these sorts of decisions. They would not give this job to just anyone and they would not hand it out to just anyone. Someone needs to have the mental makeup to do it. When someone is the president and chief executive officer of CCMP Capital, they have a lot of transactions and a lot of choices they have to make. Sometimes they have to pull the trigger and make the tough call. That choice can either be acting quickly or not acting at all.
For some, that is too much pressure and they crumble under the pressure. They don’t want it on their plate and they don’t want to be up all night worrying about it. When it came to Stephen Murray, he slept well every night because he researched every decision and every outcome.
He took it seriously but he didn’t overanalyze it. He knew that was the worst thing that someone could do. As soon as someone does that, they are setting themselves up for failure. Stephen Murray also consulted with his team and valued their input. Perhaps there was something he was missing and they were able to see it.
Nine times out of ten, Stephen Murray was right. On the rare occasion he was wrong about something, which was almost never, he learned from that experience and never made the same mistake again. Men like Stephen Murray are built for this and have all of the right tools at their disposal to be successful.
That is why so many people are saddened by his death. They know he will not be someone that can be replaced without any issues or any problems. He was one of a kind.
Learn more about Stephen Murray CCMP Capital: http://blogs.wsj.com/privateequity/2015/03/13/former-ccmp-ceo-stephen-murray-dies-at-52/