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SANTERAMO IN COLLE, Italy - Natuzzi S.p.A. (NYSE:NTZ), the $29.3 million market cap furniture maker, announced that Chief Executive Officer Antonio Achille has stepped down from his position effective July 30, 2025, to pursue other professional opportunities after serving in the role since 2021. According to InvestingPro data, this leadership change comes as the company’s stock has declined over 43% in the past six months.
Executive Chairman Pasquale Natuzzi will temporarily assume the CEO’s responsibilities while the company searches for a successor, according to a company press release.
The Italian luxury furniture maker’s board expressed gratitude to Achille for his leadership during his four-year tenure, particularly highlighting his role in driving strategic transformation initiatives at the company.
Achille thanked Natuzzi, the company’s shareholders, and the board for their support, which he said enabled the company to address complex challenges and make progress during his leadership period. He also expressed appreciation to the Natuzzi team for their collaboration during what he described as an "important evolution" for the company.
Founded in 1959 by Pasquale Natuzzi, the company specializes in the production and distribution of design and luxury furniture. As of March 31, 2025, Natuzzi distributes its collections through a global retail network of 610 monobrand stores and additional galleries.
The company has been listed on the New York Stock Exchange since May 1993 and maintains certifications for quality, environmental sustainability, and workplace safety standards.
In other recent news, Natuzzi S.p.A. announced that it will release its unaudited financial information for the first quarter of 2025 after the close of trading on the New York Stock Exchange on July 2. The company has also scheduled a conference call to discuss these results on July 3 at 10:00 a.m. U.S. Eastern time. Participants can join the call by dialing a provided number or accessing an online video link. A replay of the conference call will be available approximately three hours after the event and will remain accessible until August 3, 2025. This development highlights Natuzzi’s efforts to keep investors informed about its financial performance. The company has provided details for accessing the replay, which will be available to a global audience. These recent developments are crucial for investors seeking insights into Natuzzi’s financial health and operational strategies.
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