Ferrari’s CEO Benedetto Vigna is determined to keep the company moving at the same pace as its renowned sports cars. Since taking on the role in 2021, Vigna has implemented changes to help Ferrari stay competitive in the fast-moving world of electric vehicles.
Vigna believes that streamlining Ferrari’s complex hierarchy will foster a culture of innovation and adaptability within the company. He has simplified the structure to just three levels, allowing for quicker decision-making and more efficient communication. With his background in technology, Vigna understands the importance of agility in today’s rapidly changing business landscape.
Vigna envisions a more agile and responsive organization at Ferrari where employees are empowered to make decisions and contribute meaningfully to the company’s goals. He believes that smaller teams can work more efficiently and learn from their mistakes more quickly, leading to faster progress and innovation.
Since taking over at Ferrari, Vigna has made significant strides in expanding the company’s product line beyond traditional gasoline engines to include electric vehicles by 2025. The first electric car is set to launch by the end of 2025 under Vigna’s leadership. Despite these changes, Ferrari remains committed to its core values of design, performance, and luxury that have made it a global icon in the automotive industry.
As a result of these changes, Ferrari’s stock price has nearly doubled since Vigna took over as CEO, signaling a positive response from investors. With plans to enter into new markets such as EV technology and sustainable energy solutions, Ferrari is well positioned for continued growth under Vigna’s leadership.
In conclusion, Vigna’s vision for Ferrari is an agile and responsive organization where employees are empowered to make decisions and contribute meaningfully to the company’s goals. He believes that smaller teams can work more efficiently and learn from their mistakes more quickly leading to faster progress and innovation. Under his leadership, Ferrari is poised for continued growth with plans for EV technology entry into new markets like sustainable energy solutions while maintaining its commitment to design, performance
