To effectively guide PRG's global asset strategy, the company has 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."
(Jim Evans)
