Ferrari stated three prime executives will go away the automaker because it implements a brand new organizational construction.

Chief Know-how Officer Michael Leiters, Chief Manufacturing Officer Vincenzo Regazzoni and Chief Model Diversification Officer Nicola Boari “will finish their cooperation with Ferrari to pursue new alternatives,” the corporate stated in a press release on Monday.

Ferrari stated it can promote inside employees and appoint new hires to assist implement the brand new construction. New hires have been recognized and shall be becoming a member of the corporate beginning subsequent month. The reorganization shall be unveiled intimately on Jan. 10.

“The brand new construction will additional foster innovation, optimize processes and improve collaboration each internally and with companions,” Ferrari stated within the assertion.

The administration shake-up is among the first main strikes of Ferrari’s new CEO Benedetto Vigna, who took on the position in June with a activity to drive the automaker into the brand new period of electrification.

Ferrari has no full-electric mannequin within the vary. The corporate plans to launch its first battery-electric automobile in 2025.

Vigna moved to Ferrari from Franco-Italian chipmaker STMicrolectronics. He changed former CEO Louis Camilleri who retired in December 2020 after being within the position for practically two and a half years.