Filippo Simonetti Resigned as CFO of the Natuzzi Group
March 07 2008 - 10:44AM
Business Wire
Natuzzi S.p.A. (NYSE:NTZ) (�Natuzzi� or �the Company�), the world�s
leading manufacturer of leather-upholstered furniture, announces
that Filippo Simonetti has resigned as CFO, effective March 22,
2008. The Company named Mr. Salvatore Gaipa as new Chief Financial
Officer. Mr. Gaipa, who is 55 years old, has gained considerable
expertise in Accounting and Finance in multinational contests such
as �Snamprogetti � ENI Group� (until 1988) and �Panasonic Italia�
(until 2005) where he served as CFO with supervising
responsibilities also in Human Resources, Information Technology
and Internal control. Subsequently, he worked as business
consultant. The Company would like to thank Filippo Simonetti for
his precious contribution to the Group and wishes him well in his
future endeavors. 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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