CCMP Capital Snares Anadarko Petroleum COO

Karl Kurz has joined CCMP Capital as a managing director, and co-head of the firm’s energy investment practice. He also will sit on the CCMP investment committee. Kurz had spent the past nine years with Anadarko Petroleum, most recently as chief operating officer.


CCMP Capital announced today that Karl Kurz has joined the firm as a Managing Director and a member of the firm’s Investment Committee effective September 21, 2009.  Mr. Kurz joins Chris Behrens as co-head of CCMP’s energy investment efforts.  He will be based in CCMP Capital’s Houston office.

Stephen Murray, President and CEO of CCMP Capital, remarked, “Karl brings over two decades of experience in the oil and gas industry having been COO of Anadarko Petroleum and having held management positions at Vastar and ARCO Oil & Gas.  His operating expertise will be invaluable to the firm as we work to optimize the performance of existing portfolio companies and evaluate new energy sector investment opportunities.”

“The addition of Karl to CCMP’s senior leadership team strengthens our ability to drive operational improvement in our portfolio companies and to make thoughtful investment decisions,” commented Greg Brenneman, Chairman of CCMP Capital.  “We have made great progress in adding seasoned operating executives as partners of our firm.  Their talents will be critically important in our efforts to generate outsized returns for our investors.”

“CCMP has successfully partnered with management teams in several outstanding energy investments and I hope to create future successes by drawing on my experiences in the sector,” said Mr. Kurz. CCMP Capital’s founders have been investing in energy since 1990.  Selected investments include Bear Paw Energy, Bill Barrett Corporation, Brand Services, Carrizo Oil and Gas, Encore Acquisition Company, Latigo Petroleum, Noble Environmental Power, Patina Oil and Gas, and Vetco International. 

Mr. Kurz, 48, spent nine years with Anadarko Petroleum Corporation, most recently serving as chief operating officer responsible for overseeing the company’s global exploration and production, marketing, midstream, land, technology and service businesses.  Prior to joining Anadarko, Mr. Kurz was general manager of midstream and marketing for Vastar Resources, Inc. where he managed the company’s marketing of oil, natural gas liquids, gas and gas processing.  Prior to joining Vastar in 1995, Mr. Kurz held management positions at ARCO Oil and Gas Company in several business units including reservoir engineering, production operations, crude oil marketing, hedging, and financial trading.

Mr. Kurz has served as a board member of the American Petroleum Institute, the Independent Petroleum Association of America, the Natural Gas Supply Association, Western Gas Partners LP and the Carl McCain Foundation.  He currently is a director on the board of SemGroup, LP.   Mr. Kurz holds a B.S. in petroleum engineering from Texas A&M University and he is a graduate of Harvard Business School’s Advanced Management Program.

About CCMP Capital

CCMP Capital Advisors, LLC, is a leading global private equity firm specializing in buyouts and growth equity investments in companies ranging from $500 million to more than $3 billion in size.  CCMP Capital focuses on five primary industries: Consumer, Retail and Services; Energy; Healthcare Infrastructure; Industrial; and Media and Telecom.  Selected investments under management include: Aramark Corporation, Edwards Limited, Generac Power Systems, Grupo Corporativo ONO, Legacy Hospital Partners, Quiznos Sub and Warner Chilcott.  CCMP Capital’s founders have invested over $12 billion since 1984.  CCMP Capital’s latest fund, CCMP Capital Investors II, L.P., closed in September 2007 with commitments of $3.4 billion.

CCMP Capital has offices in New York, Houston and London.  Through active management, its global resources and its powerful value creation model, CCMP Capital has established a reputation as a world-class investment partner.

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