Italian luxury sports car manufacturer Ferrari has decided to source its new chief executive office from the tech industry. The company announced having appointed Benedetto Vigna as the incoming CEO.
Aged 52, Vigna, is the current president of STMicroelectronics– a French-Italian electronics and semiconductor manufacturer which has its headquarters in Geneva, Switzerland.
This appointment comes six months after the chief executive position in Ferrari has been vacant following the departure former CEO Louis Camilleri, who left the company in December citing personal reasons.
Camilleri had served as Ferrari’s chief executive officer for a period of two and half years.
The company’s chairman, John Elkann, welcomed the new CEO to the company adding it is a pleasure to finally have him at the helm of the company.
“His deep understanding of the technologies driving much of the change in our industry, and his proven innovation, business-building and leadership skills, will further strengthen Ferrari and its unique story of passion and performance, in the exciting era ahead,” said Elkann.