As Production Resource Group LLC, (PRG) continues to grow globally, the ability to strategically source and manage the global assets of the business becomes increasingly critical. To effectively guide PRG’s global asset strategy, the company today announced that Scott Hansen will be transitioning from his current role as Chief Financial Officer into the role as Chief Asset Officer. Since joining PRG in May 1997, Hansen has held a number of key executive positions at PRG and his work throughout his career at the company has kept him involved in both its financial and operational management.
In his new and expanded role as CAO, Hansen will be responsible for the global annual capital expenditure plan, and the development and implementation of strategic asset initiatives. Hansen has for some time been involved with the asset management of PRG, so this move helps to clarify and focus the roles of CFO and CAO. Hansen’s background and multi-layered understanding of PRG’s overall business goals uniquely qualify him to handle the vital role overseeing PRG’s asset strategy.
“Scott Hansen is a unique resource,” says Jeremiah J. Harris, Chairman and CEO of PRG, “As we continue to grow, the new CAO position is strategically critical to PRG. This role requires a wide range of skills to successfully manage every aspect of the asset lifecycle - from acquisition to optimization to disposition. This is especially challenging for a global organization such as PRG. The combination of Scott’s deep financial skills and breadth of operational experience makes him singularly qualified to direct our asset strategy. We are fortunate to have him on the team."
Hansen states, “As PRG continues to grow globally, our logistical operations and asset management will be critical to PRG’s ability continue to deliver exceptional customer service and financial success. It is essential to PRG that asset optimization be handled in a thoughtful and strategic manner. That means consistently assessing and carefully balancing purchasing decisions; ensuring asset allocation to the right locations and regions; while always considering the entire scope of our varied markets and industry usage cycles for asset deployment. That is one way PRG can leverage our global platform to drive growth and operational efficiency."
A large part of the role of CAO will include working with the many different PRG locations, which Hansen looks forward to. “I have enjoyed building relationships with all the general managers over the years and will continue to do so even more as CAO. I want to help the PRG GM’s strengthen their infrastructure to support depots. Our asset strategy needs to relentlessly evaluate the best approach for the company as far as asset purchasing, asset turnover and regional asset deployment while at the same time supporting the exceptional standard of customer satisfaction we provide to our clients on every job we do throughout the world."
Hansen plans to embrace the challenges and the opportunities presented him as he takes on the role of Chief Asset Officer at PRG. “I've been fortunate enough to be able to wear multiple hats along the way at PRG—many at the same time. Being CAO will be another great challenge for me. I believe in the vision of PRG; our goals for the future and most importantly, the positive impact PRG can have for our employees and clients. On a personal note, I thrive on my work at PRG, yet I also enjoy the simple life at home. I love spending time with my family. Along with my wife, I am very involved with my children, their sports and schooling and I just enjoy the day to day family chaos that comes with having 3 kids. The balance of hard work at PRG and great family at home is a good one that works well for me. I am excited that as CAO I can help PRG achieve continued success. This will be fun for me. I love the challenge of it."