The Natuzzi Group announced that 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.