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Ferrari embarks on restructuring to promote innovation and sustainability

Ferrari has reorganised its business with new priorities on innovation, collaboration, and carbon neutrality, the latter of which it hopes to achieve by 2030.

25 January 2022
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“By utilising technology in a distinctive Ferrari approach, we intend to push the frontiers farther in all areas,” stated CEO Benedetto Vigna. “Our new organisation will increase our agility, which is critical to exploiting the possibilities that await us in this rapidly changing market.”

According to Ferrari, the new corporate organisation intends to optimise procedures, boost internal and external communication, and diversify the leadership team by elevating talent from within the company as well as bringing in numerous important strategic recruits from outside the company.

Angelo Pesci has been chosen as the company’s new chief buying and quality officer. He joins Ferrari with over 20 years of expertise in finance, supply chain, and product planning, as well as services and operations from STMicroelectronics.

Specific organisational tasks, such as product development and research and development, digital and data, technologies and infrastructures, and buying and quality, will now report directly to Vigna.

Vigna was appointed CEO in June of last year. He also previously served as president of STMicroelectronics’ analogue, micro-electromechanical systems (MEMs), and sensors group, ST’s biggest and most profitable operational unit in 2020.

Ferrari wants its automobiles to be carbon neutral by 2030 and plans to produce its first electric vehicle (EV) in 2025.

 

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