Natuzzi reaches agreement with CEO candidate

SANTERAMO IN COLLE, Italy - Natuzzi S.p.A., an international furniture company, has reached a definitive agreement with a candidate for the position of Chief Executive Officer. The appointment, subject to shareholder approval at a meeting in either September 11, 2026, or September 14, 2026, will be disclosed by the end of August 2026 after the candidate releases them from their current professional commitments.

This candidate boasts over three decades of experience in leadership roles, with expertise in various sectors such as food, consumer durables, luxury furniture, innovation, and home appliances. The company's board of directors highlighted the candidate's expertise in corporate turnarounds and strategic repositioning across multinational companies in Europe and the United States.

Pasquale Natuzzi, the majority shareholder and Chairman of the board, expressed confidence in the chosen leader, stating that they possess the necessary international experience, transformation track record, and execution discipline for Natuzzi's next phase. The company, established in 1959, distributes its furniture collections through 552 monobrand stores as of March 31, 2026. Natuzzi has been trading on the New York Stock Exchange since May 13, 1993.