Ferrari Appoints STMicroelectronics Exec as New CEO
The future of automobiles is in technology, and Ferrari (NYSE: RACE) made that point clear today when it announced it was appointing Benedetto Vigna as CEO of the luxury sports car company. Vigna will leave his position as president of STMicroelectronics' (NYSE: STM) analog, micro-electromechanical systems, and sensors division. The appointment of Vigna signals Ferrari is serious about its embrace of all-electric supercars.