Ferrari (RACE.MI) has turned to a tech government to navigate the transition in the direction of electrification within the automotive business, appointing Benedetto Vigna as its new boss.
Vigna, a 52-year-old Italian nationwide, presently leads the largest division of chip maker STMicrolectronics’ (STM.BN).
His appointment fills a six-month emptiness on the helm of the luxurious carmaker, the place former Chief Government Louis Camilleri retired in December citing private causes, after being within the position for almost two and a half years.
Chairman John Elkann, the scion of Agnelli household which controls Ferrari by means of its investing agency Exor (EXOR.MI), stated the corporate was “delighted” to welcome Vigna as its new CEO.
“His deep understanding of the applied sciences driving a lot of the change in our business, and his confirmed innovation, business-building and management expertise, will additional strengthen Ferrari and its distinctive story of ardour and efficiency, within the thrilling period forward,” he stated in a press release on Wednesday.
Ferrari, which already gives hybrid fashions, has promised its first full-electric automobile for 2025.
Elkann has led the corporate on an interim foundation since Camilleri stepped down. In April he stated Ferrari new CEO ought to have “all the precise qualities, together with importantly the technological capabilities”, enjoying down preliminary hypothesis that the brand new boss might have a background in luxurious or retail.
Vigna will begin at Ferrari on Sept. 1, the corporate stated, including he was presently president of the Analog, Micro-electromechanical Programs and Sensors group, STM’s largest and most worthwhile working enterprise in 2020.
Vigna, who can also be a member of the STMicroelectronics Government Committee, will depart the corporate on Aug. 31, the Franco-Italian chipmaker stated in a separate assertion.
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