A landmark decision has been made by the Stepnell Group to demerge its operations into distinct entities, fostering enhanced client leadership and business growth.
- Shareholders of Stepnell Group have decided to divide the company’s construction, property management, and investment arms.
- The demerger allows shareholders to individually oversee companies within the group, reflecting their expertise.
- Tom Wakeford will lead the construction and renewable energy sections of the business.
- The demerger is projected to be complete by January, aiming to enhance business agility and focus.
The Stepnell Group, a prominent entity in the property sector, has announced a significant corporate restructuring with the demerger of its main divisions. This strategic decision, endorsed by its shareholders, marks a move towards more specialised management and a tailored approach to industry demands.
Each division of the Stepnell Group will now operate independently, specialising in different facets of the property industry. This includes construction, property management, and investment. Such a structural change aims to leverage the individual strengths of its leadership to the benefit of their respective markets.
Tom Wakeford will lead the group’s construction and renewables arm, known as Step Energy, ensuring continuity and focused leadership. He is supported by the existing leadership team, which promises stability and a clear vision for future growth in these sectors.
Ed Wakeford is set to take charge of the property and development business. His leadership is expected to enhance operational agility, allowing the division to quickly adapt to market changes and client needs.
The reorganisation is intended to provide clearer leadership and improved focus on client services. By operating as separate entities, these businesses will be more agile, better positioned to expand, and poised to deliver higher value to both clients and employees. The transition is scheduled to conclude by January, allowing each unit to embark on its independent path forward.
The Stepnell Group’s demerger is strategically aimed at optimising business operations, enhancing client service, and fostering growth across its newly independent divisions.
