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GroupeSTAHL Hires New CFO

Business • September 8, 2022


ST. CLAIR SHORES, MICHIGAN (September 8, 2022) – Michigan-based GroupeSTAHL, a global leader in the garment decoration and equipment industry, is making great strides toward the company’s mission of continued innovation with the hire of Derek Nugent as Chief Financial Officer. The addition of Nugent to GroupeSTAHL’s leadership team is critical in the company’s trajectory and growth as the globally recognized industry leader.

Nugent joins GroupeSTAHL with more than 16 years of experience as a dedicated finance and accounting leader in the technology, automotive, manufacturing and defense sectors. With vast expertise in financial planning and analysis, he most recently served as CFO at FIRMO, an automotive manufacturing company specializing in automotive interiors.

A forward thinker, Nugent is passionate about driving successful business operations and developing hands-on leadership processes. In his new role as CFO at GroupeSTAHL, Nugent will be crucial in assessing the organization’s business plan while helping to extend the reach of the brand and explore emerging opportunities. Nugent holds a Bachelor of Arts in business from Washington State University and a Master of Business Administration from Michigan State University.

“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 of 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 back in 1932. Today, they are known as a pioneer of innovation in the textile industry as the global leader in garment decoration equipment, materials, transfer technologies and decorated apparel. The company’s technologies provide customers – from small businesses to major sports leagues and high-profile brands – the ability to brand virtually any item from performance wear and team uniforms to accessories and sporting goods.

STAHLS’ is a long-time NSGA member and supporter of the NSGA Management Conference & Team Dealer Summit.



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