Italian luxury sports car manufacturer Ferrari has a new boss. The transition to electric drive will be managed from September by 52-year-old Benedetto Vigna, who now heads the largest division of the French-Italian chip manufacturer STMicroelectronics.
Louis Camilleri resigned as a director for personal reasons in December, leading the carmaker since July 2018, when CEO Sergio Marchionne died unexpectedly. Camilleri was skeptical about the electric drive of Ferrari cars.
Chairman of the Board John Elkann, who temporarily led Ferrari, said he welcomes Vigna as the new CEO. Elkann is the grandson of Giovanni Agnelli. The Agnelli family controls Ferrari through the investment company Exor.
"His in-depth knowledge of the technologies that are driving change in our industry and his proven capabilities in innovation, business, and leadership will further strengthen Ferrari," said Elkann. Ferrari already offers hybrid models. The carmaker promised the first fully electric cars for 2025.
Vigna will take over the leadership of Ferrari on September 1. At the end of August, he will leave STMicroelectronics, where he heads the largest and most profitable divisions and where he also sits on the executive board.