PSG appoints new chief executive

Pacific Services Group (PSG) has named Jeffrey Bretz as its new chief executive. Bretz will steer the electrical, data and communications services provider through its next phase of growth.

Bretz’s appointment by the PSG Board follows a recent $10 million capital injection from existing investors and an agreement to restructure the company’s debt with financiers to enable it to strengthen its operations across Australia.

Jeffrey Bretz, new chief executive of PSG.

PSG Board Chairman Andrew Petering said Bretz is a senior executive with outstanding strategic, change management and leadership skills.

“The Australian construction industry has been in contraction for an extended period, but the sector is emerging from this challenging time and the appointment of Jeffrey, along with the immense breadth of experience and skills he brings, will help PSG capitalise on the rebound,” Petering said.

“PSG is currently focused on markets in health care, rail, water, retail and renewable energy and Jeff possesses extensive construction and electrical industry credentials to make further inroads in these areas.

“His experience includes high-profile positions with Silcar, ABB and Tyco in Australia, Asia and the Middle East. Importantly, throughout his career he has worked extensively with many of PSG’s customers so he is the perfect cultural fit for the company.”

Bretz said he is looking forward to the challenge of further growing PSG’s pipeline of work in a market where BIS Shrapnel forecast non-residential construction will grow by 7% in 2013-14 at about $33.5 billion.

“PSG’s restructured balance sheet and low debt provides a strong platform to secure further work and increase our market share,” Bretz said. “PSG, equipped with a highly skilled workforce, is in the driver’s seat to catch the upswing predicted in non-residential construction and other sectors.”

With an annual turnover of more than $300 million, PSG has offices in Victoria, NSW, Queensland, South Australia and Tasmania and employs more than 1200 people across Australia.

Backed by Wolseley Private Equity and other investors, PSG is a leading provider of electrical, data and communications services in a broad range of sectors including public infrastructure, defence, mining, rail, industrial, manufacturing, commercial and marine.