Natuzzi S.p.A. Today Announced The Resignation Of Umberto Bedini As Chief Operating Officer Of The Group And The Appointment Of Giuseppe Clemente In Such Position

Umberto Bedini resigned from the Natuzzi Group (NYSE:NTZ) due to some family reasons and decided to take a sabbatical period. He worked for the Natuzzi Group for almost 2 years as Chief Operations Officer and during these very intensive and demanding years he achieved important results.

Umberto Bedini commented:“ It is with great regret and sad emotion that I resigned from Natuzzi.

I take this opportunity to thank all colleagues for the availability and support they always provided me with. I thank all the members of the Board of Directors and Shareholders for the esteem and understanding demonstrated to me. A special thanks goes to the Chairman and CEO and to his family – of which I grew fond during these two years of permanence in this extraordinary company – for the great professional and personal experience they offered me and my family. From my side, I hope I have given a small contribution in order to put the basis for the re-launch of the company. A re-launch that I am sure will arrive very soon as a result of the new strategies.”

Giuseppe Clemente will take over the position of COO of Natuzzi Group. Giuseppe, who joined our company more than 16 years ago, has been covering positions of increasing responsibility. He started as Quality Plant Manager, then as Plant Director. In January 2006 he held the position as Logistics Manager until January 2009 when he was appointed as Italy Manufacturing Director. Such positions have always been covered by Giuseppe with great determination and professionalism. In addition, Giuseppe Clemente has been in the last 2 years one of the most involved collaborators of Umberto Bedini in the reorganization and introduction of the most important innovations within the operations process.

Finally, it is important to highlight the fact that those managers who represent first-lines of operations team, supporting Umberto Bedini in the past 2 years, will certainly be able to continue the initiated projects, carry out their job in autonomy and collaborate with the new COO of the Group.

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