Preferred Warranties Inc. announced that it has named a new president.

Brian Cosgrove, formerly PWI’s vice president of marketing and sales since January, brings 30 years of experience into the new position of president.

“I am honored to be part of PWI and to have the opportunity to lead us as we expand our footprint and continue to leverage our strengths throughout the U.S. to serve the independent dealer,” Cosgrove said.

Cosgrove’s experiences prior to joining PWI this year include serving as general manager and vice president of sales for Corporate Environments, and prior to that, he worked for ADP in several management roles, including regional manager in the auto dealer services division and vice president of sales, major markets in its insurance services division.

Jim Money, the chief financial officer of Automotive Finance Corp., another branch of KAR Auction Services, believes Cosgrove’s prior experiences will lend well to his new responsibilities as PWI’s president.

“Brian has a multitude of experience in building sales teams from the ground up and has already made a number of positive impacts in his most recent role as PWI’s VP of sales and marketing,” Money said. “He has the right leadership qualities and business acumen to help drive future growth at PWI.”