Ferrari turns to world of tech for its new CEO

Ferrari (RACE.MI) has turned to a tech executive to navigate the transition towards electrification in the automotive industry, appointing Benedetto Vigna as its new boss.

Vigna, a 52-year-old Italian national, currently leads the biggest division of chip maker STMicrolectronics’ (STM.BN).

His appointment fills a six-month vacancy at the helm of the luxury carmaker, where former Chief Executive Louis Camilleri retired in December citing personal reasons, after being in the role for nearly two and a half years.

Chairman John Elkann, the scion of Agnelli family which controls Ferrari through …