Mr Bailey joins the company from BAM Construct UK, where he spent 39 years of his career, including seven years as Managing Director of UK construction.
In his newly created role, Mr Bailey will help shape the company's strategy as it targets turnover of £200 million by 2020.
Joint Managing Director, Tom Wakeford, said: "We're delighted to have attracted someone of Richard's calibre to our Board. He is well-known for his creative thinking and personal approach with customers and employees, qualities which align perfectly with the Stepnell ethos and culture.
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"We continue to refine the strategic direction of the business and how we operate so that we can deliver great buildings for our customers, whilst looking to identify where we can improve and taking a sustainable approach to risk management.
"Richard's experience and expertise will be invaluable as we continue to pursue organic and planned growth in a marketplace which offers strong opportunities for financially robust businesses like ourselves able to offer comprehensive technical competency and professionalism allied to the flexibility and focus of a major regional contractor."
Mr Bailey added: "This is a great time to be joining Stepnell which is in a strong position to build on the solid foundations of the business's 150-year history. I see my role as a collaborative one, working with the company's talented employees and teams, looking for ways to evolve the business's already impressive reputation as a construction partner of choice.
"Stepnell wants to deliver an industry-leading experience for its customers and employees where culture drives behaviour and healthy outcomes and I look forward to being part of the team."
(LM/MH)
