Business

Stephen Fitzpatrick is pushing for greater control of Vertical boardroom

Stephen Fitzpatrick, the founder and majority owner of Vertical Aerospace Ltd, is seeking rule changes that would give him greater control over the board of the struggling air-taxi start-up, raising tensions at the firm after he skipped a payment on a promised investment.

Founder and majority owner of Vertical Aerospace Ltd Stephen Fitzpatrick Stephen Fitzpatrick, the founder and majority owner of Vertical Aerospace Ltd, is seeking rule changes that would give him greater control over the board of the struggling air-taxi start-up, raising tensions at the firm after he skipped a payment on a promised investment. Mr Fitzpatrick, from Belfast, stepped down as chief executive officer last year, but holds a majority stake in Vertical and has pledged to pump $50m (€45m) into the company. Join the Irish Independent WhatsApp channel Stay up to date with all the latest news.