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SANTERAMO IN COLLE, Italy - Furniture manufacturer Natuzzi S.p.A. (NYSE:NTZ), currently trading at $2.68 and identified as undervalued according to InvestingPro analysis, announced that Pietro Labriola, the Chief Executive Officer and General Manager of Telecom Italia S.p.A. (TIM), has joined its board as a non-executive director effective August 6, 2025.
According to a company press release, Labriola’s appointment comes through co-optation following a board resolution on July 29. He will serve until the next Shareholders’ Meeting, when his position will be submitted for shareholder confirmation. The appointment comes at a challenging time for Natuzzi, with InvestingPro data showing the company’s stock has declined by 45% over the past six months.
Labriola brings over 30 years of experience in the telecommunications and technology sectors to Natuzzi. He has held senior executive positions both in Italy and internationally, including serving as CEO of TIM Brazil. He holds a Business and Economics degree from the University of Bari and a Master in Management of Innovation and Technologies.
His current roles include membership on the board of GSMA, the global mobile network operators organization, and the General Council of Confindustria, Italy’s main manufacturing and services association. Since May 2024, he has led the Digital Transition mandate at Confindustria. Labriola also serves as President of Asstel, the Italian telecommunication sector trade association within Confindustria.
Natuzzi’s board stated it believes Labriola’s international executive experience and knowledge of innovative technologies will contribute to the company’s digital transformation efforts.
Founded in 1959, Natuzzi specializes in design and luxury furniture production. As of March 31, 2025, the company distributes its collections through 610 monobrand stores globally, with a significant portion of production occurring in Italy. With annual revenue of $338 million and a market capitalization of $29.5 million, Natuzzi has been listed on the New York Stock Exchange since May 1993. For deeper insights into Natuzzi’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed financial metrics.
In other recent news, Natuzzi S.p.A. announced the upcoming release of its first quarter 2025 financial results. The company plans to publish its unaudited earnings after the New York Stock Exchange closes on July 2, 2025. A conference call to discuss these results is scheduled for July 3, offering an opportunity for investors and analysts to gain insights into the company’s performance. In another development, Natuzzi’s CEO, Antonio Achille, has stepped down from his position after a four-year tenure. Executive Chairman Pasquale Natuzzi will temporarily take over CEO duties until a successor is found. These recent developments indicate a period of transition for the company, with important financial disclosures and leadership changes occurring simultaneously.
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