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Ryan Schroeter Joins Production Resource Group as Chief Financial Officer
USA – As Production Resource Group LLC, (PRG) continues to grow globally PRG has continued to extend its senior leadership team. As previously announced, Scott Hansen, who had previously served as both chief financial officer and chief of asset strategy will focus on the asset side of PRG’s business. PRG has announced the appointment of Ryan Schroeter as its chief financial officer. As CFO, Schroeter will oversee all of the company’s financial affairs and work closely with Scott Hansen and the other members of PRG’s senior leadership team directing the company’s strategic growth and assisting in the company’s capital market transactions.
Prior to joining PRG, Schroeter was vice president corporate finance at Intrepid Aviation, a commercial aircraft leasing company, where he was instrumental in the company’s growth and debt origination activities. Previously he held the role of assistant treasurer at JetBlue Airways and was responsible for capital markets activities and aircraft programmes.
“Ryan comes with a strong aviation background,” comments Jeremiah J. Harris, chairman and CEO of PRG. “On the surface, Ryan’s experience at JetBlue and Intrepid may not seem like a natural fit for PRG, but there's a number of similarities between a transportation business and PRG. The transportation industries are, like us, asset intensive, so Ryan will see familiar patterns in our business, but also bring a fresh perspective to the team. We ran an exhaustive search process to find the right person to fill this important role and I am confident we have found that person in Ryan Schroeter. Scott Hansen has done two great jobs but as the company has grown it has become apparent that the two positions needed to be separated.”
Schroeter also sees the connection between his career background and his work now at PRG. “I think what's intrigued all of us, certainly myself, was the very real similarities between PRG and my experience in the aviation industry at JetBlue and Intrepid,” says Schroeter. “Both industries rely on high value assets, are highly capital intensive, and often have to work with limited resources. So with PRG, there is a similar model, but with the unique operational challenges of a rapidly expanding global business that I can help address.”
Schroeter sees his role as CFO for PRG to include strengthening and growing PRG’s business. “I think the CFO, especially a CFO today, is not just bean counter,” Schroeter maintains. “The CFO is a thought partner in growing the business. That's what Jere and PRG want – a CFO that can roll up their sleeves, help the business solve problems and find ways to do things better and more profitably.”
Schroeter, who went to Rutgers University, is from New Jersey and has lived and worked in the Northeast throughout his career. He will be based out of PRG’s New Windsor, NY office. When not at work, he can be found: “Spending time with my family and chasing my three kids around,” he laughs, “we like to ski in the wintertime so I am looking forward to the season coming up.”
16th December 2015
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