Portfolio Names New CEO as Predecessor Moves to Board
Jeremy Lux succeeds Brent Griggs, who's now chairman of the company’s board of directors.
New Portfolio CEO Jeremy Lux, left, will lead Portfolio’s executive team, succeeding Brent Griggs, who will serve as chairman of the F&I and reinsurance provider and administrator’s board of directors.
IMAGE: Portfolio
Portfolio appointed former president and CEO Brent E. Griggs chairman of the company’s board of directors. Succeeding Griggs as CEO is Jeremy Lux, a 30-year industry veteran who most recently served as president of AndersonAutos.
“It has been the highlight of my career to serve as Portfolio’s president and chief executive officer and to work side-by-side with such dedicated associates, leaders and partners,” Griggs said. “I feel especially fortunate to have the opportunity to continue contributing to the company’s growth in my new role by helping to ensure a seamless transition of duties to our new CEO.”
Griggs joined Portfolio in 2013 after serving as board chairman and CEO of Lyndon Property Insurance, Protective Life Corp.’s principal property and casualty insurance company. His 10-year leadership term was marked by rapid growth at Portfolio, which counts more than 5,000 auto, RV and powersports dealers among its clientele and has established itself as a top 10 F&I provider and administrator and the industry leader in reinsurance expertise, performance and reporting.
Before joining AndersonAutos in 2020, Lux served as market president for AutoNation from 2014 to 2019 after a nearly 24-year tenure with Miller Automotive Group and Group 1 Automotive, where he advanced from general sales manager at Los Angeles’s Miller Nissan to chief administrative officer and corporate finance director for Miller Automotive and general manager and market director for Group 1.
“It is an honor and privilege to have been selected to join and lead a company I have admired for many years,” Lux said. “I am tremendously excited to be a part of the extremely talented and successful team at Portfolio. I look forward to meeting the entire team in the near future. Together we will continue Portfolio’s legacy of innovation, exceptional customer service and growth.”
“On behalf of the board and the company’s shareholders, we offer our thanks to Brent for his years of dedicated service as CEO and are pleased that he will continue to serve the company as board chairman,” said Avery Zuck, principal of Abry Partners and a fellow Portfolio board member. “We are excited to welcome Jeremy to this special and unique company and look forward to supporting him in his new position as he leads Portfolio in its next phase of growth.”
More F&I
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →