An executive who was part of a company that Portfolio acquired last year now is in a crucial management position.

Portfolio named Chad Millspaugh as vice president of sales and marketing, effective immediately. The F&I product provider highlighted that Millspaugh’s 20-year automotive industry career began at the retail level and has progressed with training and executive leadership roles, including a four-year tenure at National Automotive Experts/NWAN, the company Portfolio purchased last year.

In his new role, the company said through a news release that Millspaugh is tasked with leading Portfolio’s sales and marketing efforts in the highly competitive and rapidly evolving reinsurance and F&I products segment.

“I look forward to being able to bring all of my experience in field sales, program management and corporate training to this role in order to align our field sales and the departments that assist them,” Millspaugh said in the news release. “I am honored and humbled to be able to contribute to this talented team as we work toward integrating the strengths of our combined organization for rapid growth in the future.”

Millspaugh was general manager of Colorado’s Jim Hudson Chevrolet when he was recruited by JM&A in 2003. He spent nearly eight years in two stints with the company, first as a district manager and later as a sales trainer, and six years as an F&I executive with Zurich. He joined NAE/NWAN as director of training and development in 2017.

“We expected great things of Chad when he first joined NAE/NWAN, and he has risen to every challenge we’ve thrown at him over the past four-plus years,” Portfolio’s chief sales officer David Neuenschwander said. “This is a critical role at a critical time for our company, and I am confident and excited that Chad will be leading us into the future.”