The Paramount Group of UAE has announced that it has appointed Steve Griessel as the group chief executive.
Griessel, from South Africa, is said to be a global business executive who has served several companies as CEO in South Africa and the US, including two public companies.
He has business leadership and senior management experience of more than 30 years.
Griessel will reportedly take up the new role with immediate effect.
He will reportedly provide strategic, financial, and operational leadership to the company, and work with the Board of Directors, shareholders, and senior leadership team.
Paramount Group founder Ivor Ichikowitz said, “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.”
He added, “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.”
Before the new appointment, Griessel was working as the new CEO of Paramount USA, the Paramount Group’s US-based subsidiary.
He stated “It is an honor 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.”
He added, “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.”
He also said, “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.”