Factbox-Who is the new Ferrari CEO?

Stock Markets57 minutes ago (Jun 09, 2021 05:10AM ET)

(C) Reuters. FILE PHOTO: The logo of Ferrari is pictured during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier

MILAN (Reuters) – Italian luxury sports car maker Ferrari (NYSE:RACE) 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 (NASDAQ:AAPL) 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.

Factbox-Who is the new Ferrari CEO?

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Stories

Discover

Oil up nearly 2% to multi-year highs on demand...

Commodities5 minutes ago (Jun 15, 2021 03:01PM ET) (C) Reuters. FILE PHOTO: Crude oil storage...

Lordstown has ‘binding orders’ for first two years of...

(C) Reuters. FILE PHOTO: A sign welcomes visitors to the General Motors Lordstown Complex,...

U.S. needs to maintain strong trade measure to prevent...

Stock Markets20 minutes ago (Jun 15, 2021 02:45PM ET) (C) Reuters. FILE PHOTO: A steel...

Stellantis to produce four electric vehicles at Italy’s Melfi...

Stock Markets30 minutes ago (Jun 15, 2021 02:36PM ET) (C) Reuters. FILE PHOTO: A flag...

Webuild high-speed U.S. rail contract to boost cash flow,...

Stock Markets34 minutes ago (Jun 15, 2021 02:31PM ET) (C) Reuters. By Stephen Jewkes MILAN...

Wall Street slips as Fed mulls policy, economic data...

Economy34 minutes ago (Jun 15, 2021 02:31PM ET) 2/2 (C) Reuters. FILE PHOTO: A woman holding...

Popular Categories