Ferrari announced the appointment of Benedetto Vigna as its new Chief Executive Officer in place of Louis Camilleri.

Vigna comes from a technical background as he will join Ferrari as CEO on September 1, to replace Camilleri, who left the role in December 2020 due to health issues. He is currently working at STMicroelectronics (ST).

There he is a President of its Analog, MEMS (Micro-electromechanical Systems) and Sensors Group. Vigna is also a Member of the ST Group’s Executive Committee. His technical background is of the biggest reasons for Ferrari to hire him.

Ferrari is banking on his unique knowledge of working in the semiconductor industry that is rapidly transforming the automotive sector. The idea is to use that to push the Italian manufacturer towards the next generation technical world.

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

At the same time, Vigna, added: “It’s a special honour to be joining Ferrari as its CEO and I do so with an equal sense of excitement and responsibility. Excitement at the great opportunities that are there to be captured. And with a profound sense of responsibility towards the extraordinary achievements and capabilities of the men and women of Ferrari, to all the company’s stakeholders and to everyone around the world for whom Ferrari is such a unique passion.”

A background from Ferrari of Vigna goes: “An Italian national with extensive international experience working with some of the world’s leading technology companies, Mr. Vigna, 52, graduated cum laude in physics from the University of Pisa. He joined ST in 1995, founded the company’s MEMS activities and went on to establish ST’s market leadership in motion-activated user interfaces. His responsibilities were expanded to include connectivity, imaging and power solutions and he piloted a series of successful moves into new business areas, with a particular focus on the industrial and automotive market segments.”

Here’s news on Louis Camilleri leaving