March 21 2016

CCMP Capital Looses One of Its Longest Serving President, Steve Murray

CCMP Capital one of the biggest private equity investment companies found in the United States. The company is based in the New York City, although it has branches in other countries. Since the company was formed, it has worked hard to maintain leverage buyout and the growth in the capital transactions.

Since its incorporation, the company has had several names. First of all, it was given the name JP Morgan Partners, before it got the name CCMP. The company parted ways with their partners in 2006 and started to do business on their own. The original partners of the company were known as JP Morgan Chase.

Since the separation in the year 2006, CCMP has used a lot of money in the transactions it has performed. According to the reports from the company, the organization has used more that twelve million dollars in the form of transactions. In 2007, the company was announced to be the seventeenth among the biggest private equity funds in the world. For a company to do so well in the competitive market, it must have the best employees and managers to remain on the top. This is one of the things that has helped Stephen Murray CCMP Capital to do so well.

At the time of the separation with JP Morgan Chase, the company had not spread into many nations like it has managed to do today. The company was only headquartered in New York City, with no other branches. Today, the company has expanded, opening more offices in London, Hong Kong, Tokyo and many other cities. The company has plans to open more branches in the near future. The chairperson of the company at the moment is known as Greg Brennenmen.

In the year 2007, Stephen Murray CCMP Capital appointed one its longest serving employees to take the position of CEO. This individual was Steve Murray, and he had shown all the qualities that he can be reliable in the management of the company since he was one of the founding members of the institution. Steve Murray had been working in the company for long, and this means that he was experienced and knowledgeable in matters concerning the company. After taking over the leadership, Steve Murray worked for some time before leaving the company due to health problems. Stephen Murray CCMP Capital, however, did soon after at the age of 52, according to the Wall Street Journal leaving the company under the management of Mr. Greg. The company says that it has lost one of the most important people that have brought a lot of changes.