The Stepnell Group has announced plans to demerge its divisions, a strategic move aimed at enhancing leadership and operational agility. This decision will see the construction, property management, and investment components become independent entities. The restructuring will align ownership with expertise among the Wakeford family shareholders. The demerger is expected to be finalized by January, facilitating focused growth and investment.
The Stepnell Group has set forth a strategic demerger of its operations, aiming to enhance clarity and leadership within its diverse business sectors. The shareholders, Peter, Tom, Ed, and David Wakeford, have decided to separate the construction, property management, and investment arms into distinct entities. This restructuring is designed not only to capitalize on each shareholder’s specific expertise but also to strengthen the management framework of each division.
Tom Wakeford will maintain leadership of Stepnell, overseeing the construction and renewable energy businesses, including Step Energy. This continuity in leadership is anticipated to provide stability and a seamless transition during the demerger process, ensuring that the company’s operational capabilities remain robust and effective.
Simultaneously, Ed Wakeford will lead the property and development business, marking a significant step in aligning leadership roles with individual expertise. This alignment is expected to enhance operational effectiveness and decisiveness, potentially leading to more rapid responses to market demands and opportunities.
According to a statement from the Rugby-based group, the move is expected to have a positive impact on current and potential clients by providing clearer leadership within each business sector. It also promises enhanced agility, allowing each division to focus more intently on its client base while promoting expansion, investment, and improvement in service offerings.
The demerger process is scheduled to be concluded by January, allowing the businesses to focus on delivering excellence to their clients and stakeholders during the transition. This strategic move is intended to position each entity for growth in their respective markets, fostering sustainable success.
The Stepnell Group’s demerger presents a strategic opportunity for focused growth and enhanced leadership across its business divisions.
