PARAMOUNT Group, the global aerospace and technology company, announced today that it has appointed Steve Griessel as its Group Chief Executive Officer.
South African-born Griessel, a global business executive who served as CEO of several companies in South Africa and the United States, including two public companies, brings more than 30 years of business leadership and senior management experience to the group.
Griessel, who is well known for driving innovative management practices across various industries, will assume the new role with immediate effect. He will be responsible for providing strategic, financial and operational leadership and will work closely with the Board of Directors, shareholders and senior leadership team.
Ivor Ichikowitz, Founder of Paramount Group stated: ‘Paramount Group is a unique organisation; its ethos is based on extreme agility and innovation. It is not a typical manufacturing or engineering company and therefore requires a very unique style of leadership and business acumen. We are fortunate to have someone of Steve’s calibre and experience coming in to lead Paramount Group globally.
‘Steve is a proven leader with a strong business vision who has demonstrated his ability to bring people together and achieve results in highly competitive markets. The opportunity ahead for Paramount is vast, and to seize it we must continue to innovate and deliver world-leading technologies and solutions to our customers.’
Griessel, who prior to his recent appointment held the position of CEO of Paramount USA, Paramount’s US-based subsidiary, stated:
‘It is an honour to take on the role of Group CEO. We are at an important milestone in our evolution as we further globalise our operations and expand our network of strategic partnerships with Governments and major corporations around the world. This leadership role is critical as Paramount continues to evolve by entering new markets, and expanding its innovations and technologies, in order to take advantage of a substantially increasing global market for our products and services.
‘Over the last 27 years, Paramount Group has experienced exceptional growth and success. I had the distinct privilege in my previous role of working closely with the Paramount family; I know their passion and commitment to innovation, engineering excellence and customer-focused solutions.
‘Together with my professional and experienced executive team, I will be focusing on setting up the business to meet Paramount’s global ambitions. I am confident that we will continue to build strong industrial partnerships around the world through our portable production model; supporting governments in meeting their economic development objectives. I’m looking forward to being part of a world-class team that delivers future-proof technologies and solutions to its customers, invests in its people by developing the most talented professionals into leaders, and plays its part to improve the communities in which it operates. ‘