Benedetto Vigna is officially announced as Ferrari’s newest chief executive officer, replacing John Elkann on this position.

After the Ferrari chairman Elkann took over the role of the CEO from Louis Camilleri in December on an interim basis, the company has finally gotten a full-time chief executive officer. It has been revealed on Wednesday that the president of STMicroelectronics’ Analog, MEMS, and Sensor Group Vigna will be the new CEO from September 1st.

Elkann spoke about the announcement: “We’re delighted to welcome Benedetto Vigna as our new Ferrari CEO. 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.”

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.”

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