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Chief Financial Officer Notarpietro To Oversee Reorganisation Of Italian Operations

Stocks in this article: NTZ

Natuzzi S.p.A. (NYSE:NTZ) announced today that in connection with the previously announced agreement signed by the Company on October 10, 2013, Vittorio Notarpietro, who has served as Chief Financial Officer since 2009, will coordinate the initiatives aimed at promoting the re-industrialization of the upholstered furniture district in Puglia and Basilicata regions (southern Italy), so as to better manage the redundant workers for the group’s Italian Operations.

Following the departure of Rossana Berardinelli from the position of Chief Finance, Legal & IT Officer for the Natuzzi Group, Vittorio Notarpietro will continue to oversee the Group’s financial operations as Chief Financial Officer. Likewise the Group’s legal and IT operations will continue to be overseen by General Counsel Pasquale de Ruvo and Chief of Information Technology Angelo Colacicco, respectively.

About Natuzzi S.p.A.

Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and manufactures a broad collection of residential upholstered furniture. With consolidated revenues of EUR 468.8 million in 2012, Natuzzi is Italy's largest furniture manufacturer. The Natuzzi Group exports its innovative high-quality sofas and armchairs to five continents under separate brand names, Natuzzi Italia, Natuzzi Editions (only for the North American market) / Leather Editions and Softaly. Cutting-edge design, superior Italian craftsmanship and advanced, vertically integrated manufacturing operations underpin the Company's market leadership. Natuzzi S.p.A. has been listed on the New York Stock Exchange since May 1993. The Company is ISO 9001 and 14001 certified.



Copyright Business Wire 2010

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