Natuzzi: a Stronger Management Team to Implement 2009-2011 Business Plan
November 03 2008 - 9:29AM
Business Wire
Natuzzi SpA (NYSE: NTZ) today announced the appointment of two new
top managers to support the implementation of the Company�s
recently announced 2009-2011 Business Plan. As of November 10,
Mariano Domingo will join the Group as Chief Financial Officer
& IT/Lean. Umberto Bedini will join the Company in early 2009
as Senior Vice-President, Operations. Mr. Bedini, in his capacity
as management consultant, participated in the development of the
Company�s 2009-2011 Business Plan. The arrival of Messrs. Domingo
and Bedini will considerably strengthen Natuzzi�s management team
as it embarks on the implementation of its new Business Plan aimed
at re-launching the brand. The Plan, announced on July 2 by Natuzzi
CEO Aldo Uva, has subsequently been developed through the launch of
a new corporate structure, announced on July 23, and the approval
of the new 2009-2011 business plan on October 22. Both managers
bring to Natuzzi the benefits of successful international careers,
notably in international corporate turnarounds. Mr. Uva stated: �I
am delighted that Mariano and Umberto, two managers with remarkable
track records in international markets, have accepted to join the
Group. With their appointments, Natuzzi will reach another stage in
the development of a corporate organization totally focused on the
successful implementation of our 2009-2011 Business Plan: their
contribution will be decisive in achieving the objectives we have
set for ourselves.� In an 18-year career with Sara Lee Corporation
(NYSE: SLE), a US-based Fortune 500 company with operations around
the globe, Mr. Domingo occupied positions of increasing
responsibility. Lately, he was Vice-President & Country CFO
Iberia, and general manager financial shared services. In addition,
he acted as European project leader for the implementation of the
SAP platform across all Sara Lee subsidiaries. Mr. Domingo replaces
Salvatore Gaipa who resigned on September 30, 2008. The Company
expresses its gratitude to Mr. Gaipa for the work and effort done.
Mr. Bedini will officially join the Natuzzi Group from January 2,
2009 in his capacity as Senior Vice-President, Operations. After
contributing to the development of Natuzzi�s Business Plan, he has
accepted to join the Natuzzi Group to participate actively in the
Plan�s implementation. Mr. Bedini previously occupied key functions
within a number of large international groups, including Gruppo
Farmaceutico Angelini, Rockwell Rimoldi, Merloni Elettrodomestici
(nowadays Indesit) and Candy Group. Since 2004, Mr. Bedini has been
partner and CEO of ECA Consulting, one of Italy�s most valued
management consultancies in the field of operations. Natuzzi will
announce further appointments aimed at strengthening its management
team and ensuring the successful implementation of its Business
Plan.
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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 117 stores, and 1 Natuzzi Store. Outside Italy,
the Company sells to various furniture retailers, as well as
through 192 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. Natuzzi
S.p.A. Via Iazzitiello 47, 70029 Santeramo (BA) � Italy Tel.:+39
080 8820.111 Fax: +39 080 8820.241 www.natuzzi.com
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