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FERRARI N.V.

(RACE)
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Factbox-Who is the new Ferrari CEO?

06/09/2021 | 05:21am EDT
Benedetto Vigna appointed as Ferrari's new CEO

MILAN (Reuters) - Italian luxury sports car maker Ferrari on Wednesday named as its new chief executive Benedetto Vigna, a physics graduate who has spent the last 26 years at chip maker STMicroelectronics (ST).

Following are some highlights of Vigna's career.

* Vigna, 52, leads ST's division in charge of sensors and micro-electromechanical systems (MEMS), the company's biggest and most profitable business in 2020.

* ST's Analog, MEMS and Sensors division, where Vigna was appointed president in January 2016, had revenues of $3.89 billion in 2020 with an operating margin of 20.8%.

* Vigna, who holds a degree in subnuclear physics from the University of Pisa, joined ST in 1995 and oversaw the company's first steps in MEMS, helping build its strong market position in motion-activated user interfaces.

* Vigna and his team were among pioneers of the "three axis gyroscope" that debuted in the Apple iPhone 4, which allows the screen to adapt to portrait or landscape format as users turned the handset. This sensor technology is now used in all mobile phones as well as for ADAS (advanced driver-assistance systems) navigation and active safety in cars.

* A recognised industry leader and innovator, Vigna has more than 200 patents on micro-machining and has authored numerous publications. In 2013 he won both the MEMS Industry Group's Executive of the Year Award and the European SEMI Award.

* He joined the MEMS & Sensor Industry Group board in June 2019. Since February 2020, Vigna has been a member of Electronics Cluster Advisory Board (CAB) for the Agency for Science, Technology and Research (A*STAR) of Singapore.

(Reporting by Valentina Za; Editing by David Clarke)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.22% 144.98 Delayed Quote.9.26%
FERRARI N.V. 0.40% 212.24 Delayed Quote.-7.53%
STMICROELECTRONICS N.V. 1.87% 33.175 Real-time Quote.9.56%
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Financials
Sales 2021 4 284 M 5 073 M 5 073 M
Net income 2021 781 M 925 M 925 M
Net Debt 2021 1 382 M 1 637 M 1 637 M
P/E ratio 2021 41,6x
Yield 2021 1,04%
Capitalization 33 030 M 39 128 M 39 114 M
EV / Sales 2021 8,03x
EV / Sales 2022 7,45x
Nbr of Employees 4 558
Free-Float 48,4%
Chart FERRARI N.V.
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Ferrari N.V. Technical Analysis Chart | RACE | NL0011585146 | MarketScreener
Technical analysis trends FERRARI N.V.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 179,17 €
Average target price 181,83 €
Spread / Average Target 1,49%
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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