According to the company, Nugent’s hire brings it closer to its mission of continued innovation, stating that his addition to GroupeSTAHL’s leadership team is critical in its trajectory and growth.
Nugent joins GroupeSTAHL with over 16 years of experience in the technology, automotive, manufacturing, and defense sectors. With expertise in financial planning and analysis, he most recently served as chief financial officer at FIRMO, an automotive manufacturing company specializing in automotive interiors.
In his new role as CFO, Nugent will assess the organization’s business plan while helping extend the brand’s reach and explore 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,” says 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 our reach. 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.”