LAKE FOREST, Calif. — Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, announced this month that John Luckett has joined Portfolio as a managing director for sales and agent development. Luckett was formerly senior vice president for sales and marketing at First Extended Service Corp. (FESC) and Resource Agent Group, divisions of The Warranty Group.

“Portfolio has provided me an opportunity that I have always wanted: to start my own business providing top-tier profit solutions to dealers and agents,” Luckett said. “This managing director position, representing the industry’s reinsurance leader, is exactly what I was looking for at this point in my life. I am excited to be able to work with the other talented sales leaders at Portfolio.”

Luckett is a 33-year veteran of the automotive industry, starting with 14 successful years in the retail segment. There he gained extensive management experience in every phase of variable and fixed operations in single-point family dealerships and multipoint megadealerships. He joined First Extended in 1999, and has since won several sales awards, served on numerous industry advisory boards, and been active in industry panel discussions.

“We at Portfolio have had a close relationship with John for many years, due to having FESC as a partner,” noted Dan Haugen, Portfolio’s chief sales officer. “We respect and trust his skills in managing both agent and dealer relationships. We could not be happier to see him come aboard. I anticipate great things from John.”

Portfolio’s president and CEO, Brent Griggs, added: “John is just the kind of seasoned and proven sales executive we need to help us reach all of our underserved markets. Portfolio has grown tremendously over the past decade under the sales leadership our managing directors, and John has all the qualities necessary to make a significant contribution to our team.”