Lake Forest, CA August 28, 2024 – Portfolio, a leading provider of finance and insurance (F&I) products, administration services, and reinsurance programs in the automotive, RV, and powersports industries, is excited to announce a series of key organizational updates. These changes are aimed at strengthening our leadership team and furthering our commitment to growth and innovation. This strategy highlights our dedication to recognizing and promoting talent from within, as well as bringing in seasoned professionals to lead our next phase of expansion.
1. CLIFF CHILDERS Promoted to Vice President of Sales
Cliff Childers most recently served as Managing Director at Portfolio, where he led a dynamic sales team and expanded the reach of Portfolio’s programs. With a distinguished career that includes serving as National Sales Manager for NAE/NWAN, roles in automotive retail dealerships and Zurich, Cliff brings a wealth of experience and a comprehensive understanding of the industry. Cliff holds a BA in Human Biology with a minor in Spanish from Kansas University.
2. CHAD MILLSPAUGH Promoted to President & Managing Director of IBG
Chad Millspaugh has held the position of Vice President of Sales at Portfolio since November 2021. With an extensive background in the industry, including key roles at JM&A and Zurich, Chad brings a deep reservoir of experience and insight to his current position. His strong academic foundation, highlighted by a BS in Business Administration from Colorado State University, further enhances his ability to lead. Chad’s industry knowledge and proven expertise make him the ideal leader to drive IBG’s continued success and future growth.
3. MATT READE Appointed Managing Director at Portfolio
We are pleased to welcome Matt Reade to the Portfolio family as Managing Director. Matt joins us from VSS Group, which owns brands including Cilajet and Nitrofill, where he served as Chief Revenue Officer. His prior experience at #1 Cochran Dealership Group and APCO Holdings, where he managed various business units and reported directly to the CEO, equips him with both the retail automotive and reinsurance management experience required for his new role. Matt holds a BA in Business Administration from Edinboro University.
4. ROB WALKER Promoted to Managing Director
Rob Walker, having served Portfolio for seven years as Reinsurance Specialist, has been promoted to the role of Managing Director. Rob’s previous career journey includes over five years of service at a leading F&I income development agency, followed by more than a decade of hands-on experience in automotive retail dealerships as a Finance Director for large dealerships. His deep expertise, coupled with a proven history of success, makes him an indispensable asset to our leadership team. In this new role, Rob will lead a team of reinsurance specialists in the Western U.S.
5. ALAN POUYAT Promoted to Managing Director
Alan Pouyat currently serves as President of RMG, a Portfolio company. Alan’s leadership is backed by a remarkable 22 years of experience in the retail car business, where he held key positions such as F&I Director, General Manager, and Group Operations Manager. Since joining RMG in 2010, Alan has been instrumental in driving the company’s success, leveraging his deep industry knowledge and strategic insight. His academic credentials include a BS in Marketing from Central Connecticut State University. Alan’s proven track record of excellence and leadership makes him the ideal choice to continue Portfolio’s growth.
“We are thrilled to announce these well-deserved promotions and appointments,” said Ryan Hanlon, Chief Sales Officer of Portfolio. “Each of these leaders has demonstrated exceptional performance, industry expertise, and a commitment to our company’s values. I am confident that under their leadership, Portfolio will continue to drive innovation and deliver outstanding value to our clients and partners.”
