Ernesto Greco Resigned as CEO of the Natuzzi Group
July 13 2007 - 8:38AM
Business Wire
Natuzzi S.p.A. (NYSE:NTZ) (�Natuzzi� or �the Company�), the world�s
leading manufacturer of leather-upholstered furniture, announces
that Ernesto Greco has resigned as CEO of Natuzzi SpA. His
resignation will be effective September 30, 2007, in order to
guarantee the necessary operational continuity. Pasquale Natuzzi,
currently Chairman of the Board of Directors, will be proposed for
the appointment as next Chief Executive Officer of the Natuzzi
Group at the next meeting of the Board that will be held at the
beginning of September 2007. Ernesto Greco commented: �I resigned
the position of CEO for personal and professional reasons. I am
firmly convinced that Natuzzi is a great Company with a high
potential, and I am thankful for the confirmed trust since I have
been requested to remain in the Board.� Pasquale Natuzzi stated: �I
am sorry for Ernesto�s decision, a very responsible professional,
with proven ability and experience, who, notwithstanding his short
staying in the Group, started new projects that will surely bring
good results. At the same time I am pleased he will continue to
give his valuable contribution to the Group as Member of the Board.
I wish Ernesto a career full of satisfactions and new
accomplishments. During this very important and challenging period
for our Company, I will pledge myself to guarantee continuity and
lead the management towards the ambitious goals we intend to
achieve�. 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 the 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 123 stores, and 1 Natuzzi Store. Outside Italy,
the Group sells to various furniture retailers, as well as through
158 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 Group is ISO 9001 and 14001 certified. www.natuzzi.com
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