Natuzzi S.p.A. (NYSE: NTZ), one of the world’s most recognized luxury lifestyle and furniture brands, today announced that it has entered into a definitive agreement with the selected candidate for the role of Chief Executive Officer of the Natuzzi Group.
The appointment remains subject to approval by the Company’s shareholders, whose meeting is scheduled to be held on September 11, on first call, or September 14, on second call, as well as to the candidate’s release from certain current professional commitments (following which the Company expects to disclose the candidate’s identity by the end of August).
The selected candidate is an international executive with more than 30 years of leadership experience, including multiple Chief Executive Officer and senior executive roles at global companies across the food, consumer durables, luxury furniture, innovation and home appliances sectors.
Throughout his career, the candidate has driven comprehensive corporate turnarounds and strategic repositioning initiatives, combining the definition of new business priorities with their disciplined operational implementation.
“His experience,” according to this morning’s news release, “spans organizations undergoing significant change, performance improvement, portfolio and operating-model evolution, and organizational transformation.”
NTZ shares inches up three cents, or 2.4%, to $1.27.
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