ENGLEWOOD, Colo., June 11, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI”), a pioneer in xVTOL and powered-lift aircraft solutions, named Stephen (Steve) Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board. His addition follows growing recognition of VTOL aircraft as a national strategic priority, as highlighted in President Trump’s recent executive order.
“Steve brings deep aerospace and defense experience as well as a global mindset,” said Scott Pomeroy, CEO and Chairman of XTI. “His appointment comes at a pivotal time as XTI executes on its strategy to dominate the emerging Vertical Economy—where aviation missions demand the speed, range, and adaptability that only xVTOL can deliver. We believe Steve’s proven ability to transform defense enterprises into globally scaled OEMs will directly accelerate XTI’s push into mission-critical markets—making XTI a competitive force in both commercial and defense verticals.”
Mr. Griessel is a seasoned executive with over 40 years of leadership experience in defense, aerospace, investment, tourism, and manufacturing. He currently serves as CEO of Copperstone Capital Partners, the Ichikowitz family’s asset management entity overseeing a portfolio of investments in a variety of sectors including software and defense.
Previously, Mr. Griessel was Group CEO of Paramount Group Ltd, a global aerospace and defense original equipment manufacturer (OEM), where he led the company’s transformation into a globally licensed OEM, deploying IP and manufacturing in 25+ countries—delivering advanced capabilities in sovereign defense. This aligns directly with XTI’s strategy to serve high-value special mission operators and defense partners seeking VTOL solutions without reliance on new infrastructure.”
Read the full press release on our Investor Relations site.
