Elliott is understood to have stood down to look for a new challenge after being the principal architect of the rise of specialist contractor Overbury over his time with Morgan Sindall.

Chris Booth, previous managing director at Overbury (below), has been promoted to head the £400m turnover fit-out division following Elliott’s departure.

Morgan Sindall Group also revealed that Tim Smith, commercial director at the division, which also includes the Morgan Lovell business, will also retire at the end of the year prompting management changes at the top.

Paul Brazier, who currently heads up Overbury’s Southern team, will become new commercial director when Smith retires.

A Morgan Sindall Group spokesperson: “We would like to thank Steve and Tim for their huge contribution and we wish them well for the future.”