Natuzzi S.p.A. Announces Resignation of Its Chief Financial Officer
12/23/2021 - 04:30 PM
SANTERAMO IN COLLE, Bari, Italy --(BUSINESS WIRE)--
Natuzzi S.p.A . (NYSE: NTZ) (“Natuzzi” or the “Company” and, together with its subsidiaries, the “Group”) announced today the resignation of its Chief Financial Officer, Mr. Vittorio Notarpietro , to pursue other opportunities outside the Global Furniture Industry. The effective date of Mr. Notarpietro’s resignation, which is still under determination, is expected to occur within the second half of January 2022 .
The Company has already commenced an active search for a new Chief Financial Officer and is committed to find a profile that can continue to support the Group’s retail and brand transformation currently ongoing.
The Company and Mr. Notarpietro have agreed that Mr. Notarpietro will continue to act as the Company’s Chief Financial Officer until the effective date of his resignation in order to ensure an orderly transition. The Company will provide details of the interim organizational structure of its accounting and finance department to be effective immediately upon the effective date of Mr. Notarpietro’s resignation once such date has been determined and is disclosed.
The Company thanks Mr. Notarpietro for his invaluable service and contributions over 20 years of employment with the Company and wishes him all the best in his future endeavors.
About Natuzzi S.p.A .
Founded in 1959 by Pasquale Natuzzi , Natuzzi S.p.A . is one of the most renowned brands in the production and distribution of design and luxury furniture. With a global retail network of 616 mono-brand stores and 567 galleries as of September 30, 2021 , Natuzzi distributes its collections worldwide. Natuzzi products embed the finest spirit of Italian design and the unique craftmanship details of the “Made in Italy”, where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993 . Always committed to social responsibility and environmental sustainability, Natuzzi S.p.A . is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC® certified (Forest Stewardship Council ).
View source version on businesswire.com : https://www.businesswire.com/news/home/20211223005431/en/
Natuzzi Investor Relations
Piero Direnzo | tel. +39.080.8820.812 | pdirenzo@natuzzi.com
Natuzzi Corporate Communication
Vito Basile (Press Office) | tel. +39.080.8820.676 | vbasile@natuzzi.com
Source: Natuzzi S.p.A .
NTZ Rankings
#793 Ranked by Stock Gains
NTZ Stock Data
Industry
Upholstered Household Furniture Manufacturing
Sector
Manufacturing
Tags
Consumer Durables, Home Furnishings, Manufacturing, Upholstered Household Furniture Manufacturing
Country
Italy
City
Santeramo In Colle
About NTZ
founded in 1959 by pasquale natuzzi, natuzzi s.p.a. is the italian largest furniture and design company and a world leader in leather upholstered furniture. there is a thread running throughout half a century of natuzzi’s history to its future: integrity. natuzzi is a global group, both from a manufacturing and commercial point of view, with modern manufacturing plants in italy, china, brazil and romania, and commercial branches in the main world markets. thanks to cutting-edge design, superior italian craftsmanship and advanced manufacturing operations, natuzzi is the most globally-recognized furniture brand among consumers of luxury goods (ipsos, 2015), present in the most important markets in the world with a network of about 1,140 mono-brand points of sales.
