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Piero Cordero Resigns as Natuzzi Group's CFO

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Natuzzi S.p.A a leader in leather upholstery and Italy's largest furniture manufacturer, announces that Piero Cordero has resigned as Natuzzi Group's Chief Financial Officer. His position is being held ad interim by Nicola V.M. Dell'Edera, Natuzzi Group's Finance Director. ABOUT NATUZZI S.P.A. Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and manufactures a broad collection of leather-upholstered residential furniture. Italy's largest furniture manufacturer, Natuzzi is the global leader in the leather segment, exporting its innovative, high-quality sofas and armchairs to 135 markets on 5 continents. Cutting-edge design, superior Italian craftsmanship, and advanced, vertically-integrated manufacturing operations underpin the Company's market leadership. Since 1990, Natuzzi has sold its furnishings in Italy through the popular Divani & Divani by Natuzzi chain of 137 stores, which it licenses to qualified furniture dealers. Outside Italy, the Company sells to various furniture retailers, as well as through 134 licensed Divani & Divani by Natuzzi and Natuzzi stores and 6 Kingdom of Leather stores. Natuzzi S.p.A. was listed on the New York Stock Exchange on May 13, 1993. The Company is ISO 9001 and 14001 certified.

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