New Chief Executive Officer For Natuzzi

Furniture World Magazine

The Board of Directors of Natuzzi S.p.A. announced the appointment of Mr. Ernesto Greco as new Chief Executive Officer of the Natuzzi Group. Mr. Ernesto Greco, who was born in Rome 55 years ago, holds a degree in Mechanical Engineering and a Master in Business Administration from CUOA, Italy. He developed his career in various areas within multinational Companies, such as Montedison, Hewlett-Packard, Wang Laboratories. Before his appointment in Natuzzi, he was CFO of Bulgari, world leader in the luxury goods business. Pasquale Natuzzi, Chairman of the Board of Directors and former CEO of the Company, stated: "I am pleased with the appointment of Ernesto Greco, who thus joins our Group after gaining long years of significant and international experience. I am sure he will be able to interpret at his best all the challenges our Company is dealing with to strengthen its presence in Italy and abroad, through the implementation of effective brand, product development and retail expansion strategies". Commented Mr. Greco: "I am enthusiastic about joining the Natuzzi Group, global leader in the leather upholstery market that has been experiencing great changes. Therefore, we will have to work hard, with the aim of innovating, creating value for our customers and shareholders, and strengthening all the distinguishing and unique features that have made Natuzzi a symbol of the Italian style worldwide". ABOUT NATUZZI S.P.A. Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and manufactures a broad collection of leather-upholstered residential furniture. Italy's largest furniture manufacturer, Natuzzi is a global leader in the leather segment, exporting its innovative, high-quality sofas and armchairs to 123 markets on 5 continents. Since 1990, Natuzzi has sold its furnishings in Italy through the popular Divani & Divani by Natuzzi chain of 127 stores, which it licenses to qualified furniture dealers. Outside Italy, the Company sells to various furniture retailers, as well as through 150 licensed Divani & Divani by Natuzzi and Natuzzi Stores. Natuzzi S.p.A. was listed on the New York Stock Exchange on May 13, 1993. The Company is ISO 9001 and 14001 certified. www.natuzzi.com