Natuzzi Names New Board Chairman

Pasquale Natuzzi takes over the post from Ernesto Greco at New York-based leather-upholstered furniture maker.

NEW YORK (AP) — Italian leather-upholstered furniture maker Natuzzi SpA said Tuesday board chairman Pasquale Natuzzi will take over as chief executive from Ernesto Greco.
Greco will continue to serve on the company's board as an outside director.
Shares of Natuzzi SpA fell 79 cents, or 13.1 percent, to $5.26.