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Business Wire
3 days ago
- Business
- Business Wire
Natuzzi Announces Appointment of Non-Executive Director
SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--Natuzzi S.p.A. (NYSE: NTZ) ('Natuzzi' or the 'Company') announced today that Mr. Pietro Labriola has formally accepted the appointment as a non-executive director of the Company by way of co-optation, effective August 6, 2025, further to the resolution adopted by the Board of Directors on July 29, 2025. Mr. Labriola will remain in office until the next Shareholders' Meeting, at which time it will be submitted for confirmation by the shareholders. Mr. Labriola currently serves as Chief Executive Officer and General Manager of Telecom Italia S.p.A. (TIM), one of the leading telecommunications companies in Europe. He has over 30 years of experience in the telecom and technology sectors, having held senior executive positions in both 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 in Management of Innovation and Technologies from Tecnopolis, the Scientific and Technological Park of Bari. He is a member of the board of GSMA, the organization that brings together mobile network operators worldwide, and a member of the General Council of Confindustria, the main representative association of manufacturing enterprises and services in Italy, where, since May 2024, he has the mandate for the Digital Transition. He is also President of Asstel, the Italian trade association within Confindustria that represents the telecommunication sector. In the TIM Group since 2001, he has held increasingly senior roles in the field of Marketing for the corporate and consumer segments in both fixed and mobile telephony services. Before joining TIM, he worked at Infostrada, then Boston Consulting Group, Cable&Wireless, and France Telecom. The Board of Directors believes 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. ***** CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS Certain statements included in this press release constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as 'estimate,' 'forecast,' 'project,' 'anticipate,' 'likely,' 'target,' 'expect,' 'intend,' 'continue,' 'seek,' 'believe,' 'plan,' 'goal,' 'could,' 'should,' 'would,' 'may,' 'might,' 'will,' 'strategy,' 'synergies,' 'opportunities,' 'trends,' 'ambition,' 'objective,' 'aim,' 'future,' 'potentially,' 'outlook' and words of similar meaning may signify forward-looking statements. These statements involve inherent risks and uncertainties, as well as other factors that may be beyond our control. The Company cautions readers that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to: effects on the Group from competition with other furniture producers, material changes in consumer demand or preferences, significant economic developments in the Group's primary markets, the Group's execution of its reorganization plans for its manufacturing facilities, significant changes in labor, material and other costs affecting the construction of new plants, significant changes in the costs of principal raw materials and in energy costs, significant exchange rate movements or changes in the Group's legal and regulatory environment, including developments related to the Italian Government's investment incentive or similar programs, the duration, severity and geographic spread of any public health outbreaks (including the spread of any future epidemic), consumer demand, our supply chain and the Company's financial condition, business operations and liquidity, the geopolitical tensions and market uncertainties resulting from the ongoing armed conflict between Russia and Ukraine, the Israel-Hamas war and other conflicts in the Middle East, the inflationary environment and potential increases in interest rates and energy prices, as well as protectionist trade policies, tariffs and related retaliatory measures. The Company cautions readers that the foregoing list of important factors is not exhaustive. When relying on forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and events. Additional information about potential factors that could affect the Company's business and financial results is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent Annual Report on Form 20-F. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release. About Natuzzi S.p.A. Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of March 31, 2025, Natuzzi distributes its collections worldwide through a global retail network of 610 monobrand stores in addition to galleries. Natuzzi products embed the finest spirit of Italian design and the unique craftsmanship details of the 'Made in Italy', where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993. Committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC ® Chain of Custody, CoC (FSC-C131540).
Morocco World
18-03-2025
- Business
- Morocco World
Morocco, US Strengthen Digital Partnership with High-Level AI Discussions
Doha – Moroccan Minister of Digital Transition Amal El Fallah Seghrouchni recently met with a number of senior US officials at the State Department to cement digital partnership between Rabat and Washington, Morocco's Ambassador to the United States, Youssef Amrani, announced on Monday. The meeting sought to advance digital cooperation between Rabat and Washington, building on their joint artificial intelligence initiatives launched last year. 'Productive discussions at the U.S. Department of State between Minister Amal El Fallah and Ambassador Steve Lang, Chief of Cyberspace and Digital Policy,' he posted on X. 'We reaffirmed the strong Morocco-US partnership, advancing cooperation in digital transformation and artificial intelligence to foster innovation and shared prosperity for both our nations. Promising perspectives lie ahead,' wrote the Moroccan diplomat. Ambassador Amrani added that Minister El Fallah, who serves as Minister Delegate to the Head of Government in charge of Digital Transition and Administrative Reform, also held 'a productive meeting at the State Department with Ms. Leila Elmergawi, Director for Strategy and Global AI Policy.' During this meeting, they discussed 'Morocco's ambitious AI Roadmap and the Digital Morocco 2030 plan, reaffirming their commitment to advancing AI development and digital transformation for a prosperous future.' These discussions come on the heels of groundbreaking Morocco-US collaborations in AI. In March 2024, both countries shattered barriers by co-presenting the first-ever UN resolution on artificial intelligence. The resolution, titled 'Seizing the Opportunities of Safe, Secure and Trustworthy Artificial Intelligence Systems for Sustainable Development,' gained support from 123 Member States before its adoption. Following this achievement, in June 2024, both countries established the Group of Friends on Artificial Intelligence for Sustainable Development at the UN headquarters in New York. Read also: US, Morocco Advance Strategic Partnership Under Trump Administration This initiative was launched by Morocco's UN Ambassador Omar Hilale and US Ambassador Linda Thomas-Greenfield. It aims to create a platform for international cooperation on AI development, with a particular focus on supporting developing countries. Former US Secretary of State Antony Blinken acknowledged Morocco's contributions during a UN Security Council Meeting on AI last December. 'This summer, the U.S. and Morocco also established a group at the United Nations, open to all member states, where experts from every region are sharing best practices for adopting artificial intelligence,' Blinken said, describing it as 'real progress.' The North African country is making bold strides in AI adoption. In April 2024, a parliamentary opposition group in Morocco's House of Councilors submitted a bill to regulate the use of artificial intelligence (AI) in the country. Presented by the parliamentary group of the Moroccan Labor Union, the bill aims to address the risks and illegal uses of AI technology while proposing the creation of a National Agency for Artificial Intelligence to oversee AI governance. If approved, the agency would be responsible for implementing and monitoring a national AI strategy, fostering AI talent, and ensuring ethical AI use in Morocco. A recent survey by the Boston Consulting Group (BCG), as part of the 2023 CCI Global Consumer Sentiment Survey, revealed that 80% of Moroccan consumers are aware of ChatGPT, while 38% actively use the AI tool. This positions Morocco as the second-highest user of ChatGPT globally, after India, and the leader in Africa.
Morocco World
09-03-2025
- Business
- Morocco World
Morocco Launches National Program to Teach Youth About AI, Digital Technology
Rabat – Morocco has launched a national program to introduce children to digital technology and AI, and a framework partnership agreement was signed on Saturday in Rabat to put this initiative into action. This initiative falls under the 'Morocco Digital 2030' strategy, which has a strong focus on developing digital skills. The objective is to establish a thriving digital ecosystem and equip children with the knowledge to handle future technologies. The project also aims to introduce the young population to AI and digital technologies at an early age. It also promotes responsible technology use by instilling sensitivity towards ethics and best practices. By opening access to these skills, the program wants to fill technological gaps and give equal opportunity to all. The agreement brings together several government officials and institutions, including Minister of Digital Transition Amal El Fallah Seghrouchni, Minister of Youth Mohamed Mehdi Bensaid, Minister Delegate in charge of the Budget Fouzi Lekjaa, and Mohammed VI Polytechnic University (UM6P) representative Ibtissam Khamlichi. At the signing, Minister Seghrouchni expressed that the program is a priority in Morocco's digital development. She explained that the first phase targets children between 8 and 14 years old, with a second phase planned for those aged 15 to 18. Around 200,000 children across the country are expected to benefit. The initiative will launch in twelve youth centers across Morocco's twelve regions. Special training will be provided for instructors to extend the program nationwide, ensuring more children gain access to AI and digital education. Morocco has been diligently progressing in AI, carving out a place for itself in the sector through research, innovation, and digital transformation. Bringing AI training to kids and Moroccan youth is a big step in this direction. Early exposure to AI helps spark curiosity, build essential skills, and prepare a new generation to shape the future of technology. By reaching young minds, Morocco is laying the groundwork for a more inclusive and dynamic digital landscape. Tags: AIdigital transformationeducation aiMorocco AIyouth and ai
