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FERRARI N.V.

(RACE)
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Ferrari Names STMicroelectronics Executive. Benedetto Vigna as New CEO

06/09/2021 | 12:14am EDT

By Olivia Bugault

Ferrari NV said Wednesday that it has named Benedetto Vigna as its new chief executive officer with effect from Sept. 1.

Mr. Vigna is currently working at STMicroelectronics NV as president of its analog, MEMS and sensors group and his departure was announced by the European chip maker earlier today.

"In his role as CEO, Mr. Vigna's priority will be to ensure that Ferrari continues to build on its leadership position as the creator of the world's most beautiful and technically advanced cars," the Italian luxury-car maker said.

In December of last year, Ferrari announced the resignation of its previous CEO Louis Camilleri for personal reasons and said that its Executive Chairman John Elkann would act as interim CEO while the board identified Mr. Camilleri's successor.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

06-09-21 0214ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.13%
EXOR N.V. -0.49% 69.38 Delayed Quote.5.29%
FERRARI N.V. 0.95% 218.29 Delayed Quote.-5.79%
PHILIP MORRIS INTERNATIONAL, INC. -0.20% 100.09 Delayed Quote.21.14%
STELLANTIS N.V. -1.00% 16.19 Delayed Quote.11.56%
STMICROELECTRONICS N.V. -1.43% 34.54 Real-time Quote.15.72%
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Financials
Sales 2021 4 284 M 5 084 M 5 084 M
Net income 2021 781 M 927 M 927 M
Net Debt 2021 1 382 M 1 641 M 1 641 M
P/E ratio 2021 42,2x
Yield 2021 1,03%
Capitalization 33 843 M 40 240 M 40 166 M
EV / Sales 2021 8,22x
EV / Sales 2022 7,63x
Nbr of Employees 4 558
Free-Float 48,4%
Chart FERRARI N.V.
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Technical analysis trends FERRARI N.V.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 181,87 €
Average target price 181,83 €
Spread / Average Target -0,02%
EPS Revisions
Managers and Directors
John Jacob Philip Elkann Executive Chairman & Chief Executive Officer
Antonio Picca Piccon Chief Financial Officer
Michael Hugo Leiters Chief Technology Officer
Eduardo H. Cue Independent Non-Executive Director
Sergio Duca Senior Independent Non-Executive Director
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