Hagerty, the specialty and basic auto insurance coverage managing normal company, sees itself as greater than an insurance coverage supplier. The corporate says it’s an “automotive way of life model” that’s preparing for world progress.
To this finish, the agency is increasing its senior management group by selling Jack Butcher to president of International Markets and naming Stuart Foster, employed from Topgolf, as president of Automotive Enterprise.
“This can be a watershed second for Hagerty,” mentioned McKeel Hagerty, CEO of Hagerty.
Hagerty companions with 22 U.S. auto insurance coverage corporations to insure almost 2 million autos.
However in pursuit of its world way of life mission, Hagerty has additionally created a collection of automotive providers for automotive lovers, together with Hagerty Drivers Membership, Hagerty Valuation Instruments, Hagerty Drivers Membership journal, the Greenwich Concours d’Class, the California Mille, DriveShare, Hagerty Storage + Social and others.
At Hagerty, Foster will concentrate on the worldwide imaginative and prescient, technique, income and expense oversight of the automotive enterprise phase. This consists of total enterprise membership and media methods, the enlargement of Hagerty Storage + Social, modern occasion technique, oversight of the corporate’s Fanatic Commerce Platform, and identification of rising alternatives.
Foster involves Hagerty from Topgolf, a worldwide sports activities leisure firm headquartered in Dallas, Texas, the place he was chief advertising and marketing officer of U.S. venues. Previous to becoming a member of Topgolf, he served as vice chairman of International Model Advertising at Hilton the place he was chargeable for world positioning, technique and advertising and marketing efforts for each the posh and full-service portfolios of Hilton manufacturers, together with Hilton Lodges & Resorts, DoubleTree by Hilton, Conrad and Waldorf Astoria. Earlier than that, Foster served in a variety of positions with the premium drinks firm, Moet-Hennessy, within the U.S., Japan and France.
“The longer term for Hagerty is unbelievable. As a way of life model, Hagerty will foster the automotive fanatic’s ardour by way of a real neighborhood and market stuffed with significant experiences and worth,” Foster mentioned.
He mentioned the objective is to make Hagerty the “one-stop, go-to platform for all issues automotive fanatics want and need.”
In his new function, Butcher will lead Hagerty’s insurance coverage and danger providers companies in North America, the UK and Europe, with emphasis on continued worldwide progress and constructing extra capabilities for purchasers and members.
“The Hagerty story has been an incredible and profitable one,” mentioned Butcher. “Equally thrilling, we’ll proceed to develop our capabilities and our world presence by constructing upon our custom of delivering what car fanatics’ worth and luxuriate in.”
For the previous two years, Butcher has served as Hagerty’s senior vice chairman of North American Areas, main the buildout of the agency’s regional distribution technique.
Previous to becoming a member of Hagerty, Butcher served as a managing director at Marsh & McLennan, the place he led a variety of Marsh’s companies in Baltimore, Washington, D.C., New York and Chicago. Throughout his earlier tenure as government vice chairman and chief working officer at TransForce in Alexandria, Virginia, the corporate skilled early-stage capital raises and natural in addition to acquisition enterprise progress.
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