Sun, 20 Jun 2021

ROME, June 9 (Xinhua) -- Iconic Italian sportscar maker Ferrari on Wednesday named technology executive Benedetto Vigna as its new chief executive officer (CEO), a move seen as evidence of the company's commitment to remaining on the technological vanguard even as the car industry moves toward electric vehicles.

Vigna fills a post that has been empty since December 2020, when Louis Camilleri retired for personal reasons. The company said Vigna would start work on Sept. 1.

Before Vigna's appointment, there was speculation in the local media over whether Camilleri's replacement would come from a high-tech field or from a sector more related to luxury products. Vigna, a physicist who has worked with cutting-edge computer chipmaker STMicroelectronics since 1995, is squarely in the high-tech camp.

In a statement, Ferrari said his background was key to Vigna's selection. "His unique knowledge gained over 26 years working at the heart of the semiconductor industry that is rapidly transforming the automotive sector will accelerate Ferrari's ability to pioneer the application of next-generation technologies," the company said.

Ferrari is known for its fine-tuned and powerful gas-powered car engines. But local media said Vigna's appointment is a key part of Ferrari's goal to produce its first electric car by 2025.

Ferrari is one of the most recognizable Italian brands on an international level, with operations in more than 60 countries, including China. According to the data firm Statista, the Asia-Pacific region is the second most important market for Ferrari following the Americas.

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