Ferrari has named Benedetto Vigna as its new CEO, taking up the function that was left vacant when Louis Camilleri abruptly retired from the automobile firm six months in the past.

Ferrari Chairman John Elkann occupied the function briefly however has now appointed Vigna, who will be part of the automobile firm on September 1.

Vigna at the moment runs the most important division of microchip maker STMicroelectronics.

The transfer has been seen as a nod in the direction of the electrification of Ferrari’s street vehicles sooner or later amid plans to deliver an electrical automobile to market by 2025.

“We’re delighted to welcome Benedetto Vigna as our new Ferrari CEO,” Elkann mentioned.

“His deep understanding of the applied sciences driving a lot of the change in our business, and his confirmed innovation, business-building and management abilities, will additional strengthen Ferrari and its distinctive story of ardour and efficiency, within the thrilling period forward.”

Vigna joins the corporate because the Ferrari Formulation One group recovers from a disastrous 2020 season and appears to capitalise on new laws in 2022 to maneuver again to the entrance of the grid.

“It is a particular honour to be becoming a member of Ferrari as its CEO and I achieve this with an equal sense of pleasure and duty,” Vigna mentioned.

“Pleasure on the nice alternatives which can be there to be captured.

“And with a profound sense of duty in the direction of the extraordinary achievements and capabilities of the women and men of Ferrari, to all the corporate’s stakeholders and to everybody around the globe for whom Ferrari is such a singular ardour.”