The Stepnell Group is undergoing a strategic realignment, splitting its core divisions to better serve its clients.
- Shareholders have approved a demerger of the construction, property management, and investment segments.
- Each division will now operate autonomously, aligning leadership with expertise for enhanced client focus.
- The restructuring is planned for completion in January, aiming to bolster market-specific agility and growth.
- Current leaders, including Tom and Ed Wakeford, will continue heading their respective business units.
The Stepnell Group, a prominent player in the construction and property sectors, has announced a strategic decision to demerge its core divisions. Responding to evolving business environments and client needs, the move is designed to provide distinct leadership and refined focus for each division. Shareholders have sanctioned this change to split the Group’s construction, property management, and investment operations.
Post-demerger, the different segments will operate independently, with leadership tailored to each unit’s area of expertise. Tom Wakeford, for instance, will continue to lead the construction side of Stepnell and also helm Step Energy, the arm focused on decarbonisation and renewables. This realignment of leadership is expected to enhance business focus and operational efficiencies.
Ed Wakeford will oversee the property and development business. This restructuring is projected to foster agility, enabling more targeted service delivery and market expansion. The group’s statement underscores this potential for growth, highlighting that by operating as standalone entities, each division can better adapt and meet the specific demands of its markets and clients.
These changes are scheduled to be finalised by January, ushering in a new era of client service and business management. The management of each division believes the modifications will not only sustain but also enhance the quality of service, allowing each sector to thrive independently.
The Stepnell Group’s demerger strategy underscores its commitment to optimising service delivery through specialised, independent operations.
