Kroum Penev
08/03/1961 - 12/27/2014

~~Kroum Penev of Madison passed away suddenly on December 27, 2014 while enjoying one of his favorite passed times- skiing with his family in Vermont.

Kroum was a graduate of the Higher Institute of Economics, School of Diplomacy in his native country of Bulgaria in 1986. After his graduation, he began serving as Third Secretary with the Ministry of Foreign Affairs in Sofia, Bulgaria. In 1992, Kroum began his work for the United Nations in New York City, serving as a Civil Affairs Officer in Tajikistan as well as Second Secretary and advisor to the President of the UN General Assembly on budgetary and administrative issues.

Kroum obtained his MBA from Columbia University in 1998 and began working with Troy as a Financial Analyst. He was promoted to Manager, Banking and Treasury Services in 2000, to Assistant Treasurer in 2002, Treasurer in 2005 and then to Vice President and Chief Financial Officer in May 2013.

One of Kroum’s proud moments was when he became a naturalized citizen of the United States on December 1, 2008.

Kroum is survived by his wife Mariana Karpatova, the distinguished mezzo-soprano, and their two sons Aleksandar and Christopher, along with his mother Paraskeva Goranova Peneva and brother. George Penev.

The burial service will be held Friday, January 2nd.The funeral party and guests will gather at 10:45 AM at the William A. Bradley & Son Funeral Home located at 345 Main Street in Chatham prior to traveling to the cemetery. The burial will take place at noon at St. Vincent Martyr Cemetery located at Shunpike Road & Noe Avenue in Madison. A memorial service will be held Saturday, January 10, 2015 at 2 PM in Troy’s Corporate Conference Center, 8 Vreeland Rd. Florham Park, NJ. The Memorial will include music and refreshments to celebrate the life of Kroum. All are welcome

In lieu of flowers, we would like to give guests the opportunity to donate to a college fund that we are setting up for Chris Penev – Kroum’s younger son. Additional information to come in how to donate. Thank you for your understanding during this difficult time.


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