Ferrari to focus on tech, electrification

Ferrari's new chief executive on Monday unveiled a new organisation and leadership changes aimed at sharpening its technology focus and product exclusivity as the luxury sports car maker embraces electrification.

Benedetto Vigna, a tech industry veteran and a former top executive at chip maker STMicroelectronics , took the CEO role in September with a task to drive Ferrari into the new era of cleaner, silent and interconnected mobility.

Functions including "Product Development and Research & Development", "Digital & Data" and "Technologies & Infrastructures" will now directly report to the CEO, Ferrari said in a statement.

As part of the overhaul, the company appointed Gianmaria Fulgenzi - at Ferrari since 2002 and recently head of supply chain at its racing division - as chief product development officer, it said.

Ernesto Lasalandra was hired from Vigna's former employer STMicro to become Ferrari's chief research and development officer.

Silvia Gabrielli, who joined Ferrari in 2019 from Microsoft, was appointed chief digital and data officer to boost "the digital transformation process throughout the company, ensuring more data driven and digitally focused processes."

"The new organizational structure will further foster innovation, optimise processes and increase collaboration both internally and with partners," Ferrari said in a statement.

Ferrari also hired Angelo Pesci from STMicro, where he has spent over 20 years dealing with financial planning, supply chain and product planning, services and operations. He was named chief purchasing and quality officer at the Italian company.