Michigan-based GroupeSTAHL hired Derek Nugent as chief financial officer.

Nugent is a 16-year veteran in finance and accounting, working in the technology, automotive, manufacturing, and defense sectors. Most recently, he was the CFO at Firmo, an automotive manufacturing company specializing in automotive interiors.

As CFO for GroupeSTAHL, Nugent will assess the company’s business plan while assessing emerging opportunities.

“We are thrilled to welcome Derek to the team as he will implement structure and processes which will take GroupeSTAHL to the next level,” said Carleen Gray, CEO, GroupeSTAHL. “As we look to maintain record growth, we also look to improve our speed to market, increase capacity, ensure continued innovation and expand reach to provide our customers with the highest quality materials and equipment. I am confident that Derek’s extensive background in both leadership and finance will help us in this journey and lead us towards growth for years to come.”

GroupeSTAHL started as a small family-run letter and numbers business in Detroit in 1932. Today, the company is a global manufacturer and distributor of garment decoration equipment, materials, transfer technologies, and decorated apparel. Products range from performance wear and team uniforms to accessories and sporting goods.