The Bulgari Group said that Alberto Nathansohn, chief financial officer since May 2006, will leave his position to seize new professional opportunities.

The resignation will take effect at the end of April, when the Annual General Meeting will approve 2008 financial statements.

In addition, the luxury jewelry manufacturer and retailer said it has undertaken an internal reorganization of its top management as a cost-sutting measure due to current economic realities. Flavia Spena, currently Corporate Human Resources, Organization and Information Technology executive vice president, will also take the Corporate Finance and Administration responsibilities, previously held by Nathansohn.

Renata Casaro will continue to manage the relations with analysts and investors thus reporting, together with the Corporate Legal Department, to Francesco Trapani, chief executive officer of the Group.

Spena holds a degree in Business and Economics, a Master in Business Administration at the SDA Bocconi University and is enrolled in the Italian Register of Professional Chartered Accountants. Before joining Bulgari, she was responsible for the organizational structures and processes at Autostrade SpA. Spena has been working in Bulgari for about twenty years, since 1990 as Corporate Human Resources Organization and Development Manager and since 1992 as Corporate Human Resources, Organization and Information Technology Executive Vice President, responsible for human resources organization, development, salary policy, training, internal communication, and information technology for the Bulgari Group worldwide.

JCK