Natuzzi Appoints Tim CEO Pietro Labriola as Non-Executive Board Member

Natuzzi has appointed Pietro Labriola, CEO of Tim, as a non-executive board member. The appointment is effective August 6 and will be subject to confirmation by shareholders at the next meeting. Labriola will remain on the board until then.

SANTERAMO IN COLLE, Italy - Furniture manufacturer Natuzzi S.p.A. (NYSE:NTZ) has announced the appointment of Pietro Labriola, the Chief Executive Officer and General Manager of Telecom Italia S.p.A. (TIM), as a non-executive director. The appointment is effective August 6, 2025, and will be subject to confirmation by shareholders at the next meeting. Labriola will remain on the board until then.

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.

The appointment comes at a challenging time for Natuzzi, with its stock declining by 45% over the past six months. The company believes that Labriola’s international executive experience and knowledge of innovative technologies will contribute to its 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.

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. Additionally, Natuzzi’s CEO, Antonio Achille, has stepped down 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.

[1] https://www.investing.com/news/company-news/telecom-italia-ceo-pietro-labriola-joins-natuzzi-board-of-directors-93CH-4182226
[2] https://www.businesswire.com/news/home/20250811927376/en/Natuzzi-Announces-Appointment-of-Non-Executive-Director