Natuzzi S.p.A. announced the appointment of Mr. Pietro Labriola as a non-executive director of the Company, effective August 6, 2025. Mr. Labriola formally accepted the appointment by way of co-optation, following a resolution adopted by the Board of Directors on July 29, 2025. He will serve until the next Shareholders' Meeting, where his confirmation will be submitted to shareholders.
This appointment is a board change that can enhance the company's governance structure and strategic oversight. The addition of new expertise to the board can support Natuzzi's ongoing transformation from a volume manufacturer to a brand-driven retailer. The company's strategic shift is focused on improving gross margins and lowering its operational breakeven point.
Mr. Labriola's experience is expected to contribute to the company's efforts in retail excellence, digital tools, and leveraging its diversified global production footprint. His role as a non-executive director will be to provide independent oversight and guidance as Natuzzi navigates global market challenges and pursues its long-term value creation goals.
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