Italian upholstery manufacturer Natuzzi S.p.A. has announced the appointment of Carlo Silvestri as its new Chief Financial Officer (CFO) of the Group, directly reporting to the CEO, Antonio Achille.

Carlo brings over 20 years of international experience in finance as well as a solid knowledge of retail and wholesale dynamics gained with important luxury brands.

Before joining Natuzzi, Carlo worked for Salvatore Ferragamo Asia, Hong Kong, where since 2013 he covered the role of Chief Financial Officer and Retail Excellence Director for Ferragamo Asia, being responsible for Finance & Administration, Legal, Logistics as well as in charge of Retail Excellence, from January 2020, for the Asia store network.

In addition, from November 2020, he was also General Manager for Ferragamo Retail Hong Kong & Macao, with direct responsibility of the performances of all activities for the stores included in the network.

Antonio Achille, CEO of the Group commented: “I am pleased to welcome Carlo as the new Chief Financial Officer of the Group. Carlo brings extensive international experience in finance and also in retail and wholesale operations.

“He has ideally the necessary leadership skills and technical credentials to support me and the Board in the execution of our strategy to restructure the Group and unlock the value that we see in our Company. I am confident he will bring fresh ideas to reinforce and profitably grow our business.”