Natuzzi S.p.A. (NYSE: NTZ) has signed a commitment letter with an unnamed candidate for the role of Chief Executive Officer, according to a press release from the Italian furniture company.

The company cited the candidate's international experience as relevant to its ongoing restructuring process and long-term strategic development. No further details about the candidate's identity or a timeline for a formal appointment were disclosed.

Natuzzi said it will inform the market of any further material developments in accordance with applicable regulations.