Franklin Madison Strengthens Its Leadership Bench
Franklin Madison has promoted two respected leaders—Andrea Heger and Preston Porter—to Executive Vice President (EVP). The move recognizes their track records and reinforces the company’s commitment to strong execution, thoughtful innovation, and measurable results across financial services. It also signals continuity: elevating leaders who know the business, the clients, and the work.
Andrea Heger: A Decade of Innovation
A decade ago, Andrea Heger joined Franklin Madison, bringing deep experience from her time at Wells Fargo. Since then, she’s helped shape the company’s strategy, translating ideas into products and programs that drive performance. Her focus on practical innovation—creating offerings that work in the market and for partners—has been a consistent thread in her leadership. The board’s decision to promote her to EVP reflects confidence in the way she thinks, decides, and delivers.
Recognition from Leadership
Robert Dudacek, President and CEO of Franklin Madison, highlighted Andrea’s ability to manage complexity while keeping the business moving forward. "Her remarkable skills have been pivotal in our journey, and I firmly believe that under her guidance, we will reach remarkable new heights," he stated. That combination—clear judgment and forward motion—has defined her impact to date and will guide what comes next.
Preston Porter: Two Decades of Commitment and Expertise
Preston Porter joined Franklin Madison in 2000 as an Account Manager serving credit unions. From there, he worked across Accounting and Finance, building a hands-on understanding of how decisions flow through the organization. His rise to Chief Financial Officer (CFO) showcased the breadth of that experience, including his involvement in key mergers and acquisitions that strengthened the company’s foundation. His promotion to EVP recognizes both the scope of his work and the steadiness he brings to it.
A Testament to Dedication
Rick Bennet, Executive Partner of Mill Point Capital and Chairman of the Board, underscored Preston’s long-standing impact: "Preston’s unwavering commitment for over two decades has been a cornerstone of our success. His promotion to EVP underscores the vital role he plays in strengthening our company’s stability and growth trajectory. "
Looking Ahead
Promoting Andrea Heger and Preston Porter is a strategic step for Franklin Madison. Their combined experience—product vision and financial discipline—positions the company to navigate change with clarity and to keep building for the long term. The financial services landscape will continue to evolve; their leadership is designed to help the company meet that change head-on while staying close to clients and partners.
About Franklin Madison
With over 55 years in the industry, Franklin Madison focuses on enhancing financial security for individuals and families through a range of insurance products and marketing services. The company supports more than 3,500 financial institutions by helping deepen loyalty and generate revenue, reflecting its established role in the market. Approximately 240 employees power that work every day, serving partners with a mix of expertise, care, and consistency.
About Mill Point Capital
Mill Point Capital LLC is a private equity firm that makes control investments in lower-middle market companies. The team concentrates on industrials, business services, and IT services, working closely with portfolio companies to pursue strategic initiatives that can reshape operations and build value over time.
Frequently Asked Questions
Who was promoted to Executive Vice President at Franklin Madison?
Franklin Madison promoted two leaders to Executive Vice President: Andrea Heger and Preston Porter. Both were recognized for their sustained impact and the results they’ve driven inside the company.
What experience does Andrea Heger bring to the EVP role?
Andrea joined Franklin Madison a decade ago after her tenure at Wells Fargo. She’s led strategy and product development efforts that advanced the company’s growth, earning the board’s trust in her leadership.
What has defined Preston Porter’s path to EVP?
Preston started in 2000 as an Account Manager for credit unions, then progressed through Accounting and Finance. He later served as Chief Financial Officer and contributed to key mergers and acquisitions before being named EVP.
How long has Franklin Madison been operating, and whom does it serve?
Franklin Madison has more than 55 years of experience. It works with over 3,500 financial institutions and focuses on insurance products and marketing services that support individuals, families, and partners.
What areas does Mill Point Capital focus on as an investor?
Mill Point Capital invests in lower-middle market companies, with emphasis on industrials, business services, and IT services, and partners with management teams to pursue strategic initiatives.
