Natuzzi Group Announces Appointment of Vittorio Notarpietro as CFO and Termination of the Mariano Domingo’s Collaboration
November 11 2009 - 8:00AM
Business Wire
The Natuzzi Group announced that today the Company has
terminated its collaboration relationship with Mariano Domingo
Balta, Natuzzi’s Chief Financial Officer since November 2008.
The Company has appointed Vittorio Notarpietro as Chief
Financial Officer. Mr. Notarpietro joined the Natuzzi Company as
Deputy Chief Financial Officer in September 2009. He previously
served as Finance VP of IT Holding (a listed company at the Milan
Stock Exchange) from 2000 to 2005 and CEO of the Malo Spa from 2006
to August 2009, both Italian fashion companies. From 1991 to 1998
Mr. Notarpietro worked at the Natuzzi Group as Financial Director
and Investor Relations.
Pasquale Natuzzi, Chairman and CEO of the Natuzzi Group
commented, “I welcome Vittorio in his new role. I am confident that
he will be committed and focused on working with the management
team to achieve our Business Plan goals.”
About Natuzzi
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and
manufactures a broad collection of residential upholstered
furniture. With 2008 consolidated revenues of EUR 666,0 million on,
Natuzzi is Italy's largest furniture manufacturer. The Natuzzi
group exports its innovative high-quality sofas and armchairs to
123 markets on five continents under two brands, Natuzzi and
Italsofa.
Cutting-edge design, superior Italian craftsmanship, and
advanced, vertically integrated manufacturing operations underpin
the Company's market leadership.
Natuzzi S.p.A. has been listed on the New York Stock Exchange
since May 1993. The Company is ISO 9001 and 14001 certified.
Forward looking
statement
Statements in this press release other than statements of
historical fact are “forward-looking statements”. Forward–looking
statements are based on management’s current expectations and
beliefs and therefore you should not place undue reliance on them.
These statements are subject to a number of risks and
uncertainties, including risks that may not be subject to the
Group’s control, that could cause actual results to differ
materially from those contained in any forward-looking statement.
These risks include, but are not limited to, fluctuations in
exchange rates, economic and weather factors affecting consumer
spending, competitive and regulatory environment, as well as other
political, economical and technological factors, and other risks
identified from time to time in the Group’s filings with the
Securities and Exchange Commission, particularly in the Group’s
annual report on Form 20-F. Forward looking statements speak as of
the date they were made, and the Group undertakes no obligation to
update publicly any of them in light of new information or future
events.
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