Natuzzi S.p.A., a leading name in luxury and design furniture, has announced the appointment of Mr. Pietro Labriola as a non-executive director, effective 6 August 2025. The appointment, made by co-optation following a resolution of the Board of Directors on 29 July 2025, will be submitted for shareholder confirmation at the next Shareholders' Meeting.
© Mr. Pietro Labriola
Mr. Labriola currently serves as Chief Executive Officer and General Manager of Telecom Italia S.p.A. (TIM), one of Europe's foremost telecommunications companies. He brings over 30 years of experience in the telecom and technology sectors, having held senior executive roles both in Italy and abroad, including as CEO of TIM Brazil. He holds a degree in Business and Economics from the University of Bari and a Master's in Management of Innovation and Technologies from Tecnopolis, the Scientific and Technological Park of Bari.
He is a member of the board of GSMA, which unites mobile network operators globally, and serves on the General Council of Confindustria, Italy's main manufacturing and services association, where he has held the mandate for Digital Transition since May 2024. Additionally, he is President of Asstel, the Confindustria trade association representing the telecommunications sector.
Mr. Labriola's career with TIM began in 2001, progressing through increasingly senior roles in marketing across both corporate and consumer segments in fixed and mobile telephony. Before joining TIM, he held positions at Infostrada, Boston Consulting Group, Cable&Wireless, and France Telecom.
The Board of Directors stated that Mr. Labriola's 'extensive international executive experience and deep knowledge of innovative technologies and services, combined with its strategic vision and operational expertise, will contribute to driving the Company's digital transformation and sustainable growth.'
Founded in 1959 by Pasquale Natuzzi, the company is globally recognised for combining the elegance of Italian design with artisanal craftsmanship. Natuzzi distributes its collections through 610 monobrand stores and galleries worldwide. The company is committed to social responsibility and environmental sustainability, holding ISO 9001 and 14001 certifications (Quality and Environment), ISO 45001 certification (Workplace Safety), and FSC® Chain of Custody (FSC-C131540).
Natuzzi has been listed on the New York Stock Exchange since 1993 and remains a prominent player in the global interiors and luxury furniture market.
Cautionary Statement
This release contains forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors include competition from other furniture producers, shifts in consumer demand, economic developments in primary markets, fluctuations in raw material and energy costs, changes in exchange rates, regulatory developments, public health crises, geopolitical tensions, inflationary pressures, and trade policy changes. Investors are advised to review Natuzzi's filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F, for a detailed discussion of risks.
More information:
Natuzzi
www.natuzzi.com
