Ferrari's Management Shuffle Shows That It's Finally Preparing for the EV Future

Ferrari (NYSE: RACE) on Monday announced a revamped management team as its new CEO prepares to lead the iconic supercar company into a new era of electrified, connected vehicles. 

CEO Benedetto Vigna joined Ferrari from Swiss semiconductor maker STMicroelectronics (NYSE: STM) in September with a mandate to lead the company through that tech-driven transformation. 

That would be a difficult transition for any company, but it could be especially difficult for Ferrari. Here's what the company said about Monday's moves, and what they're likely to mean for investors. 

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Source Fool.com