3 How to select leadership team members

DOI: 10.4324/9781003324577-6

Ferrari is one of the iconic global brands in the luxury car industry. However, the changes that pervaded the automotive industry in recent years weren’t without their difficulties and raised new questions on how a car company known for their internal combustion engines could stay relevant in a world of electronics and software-dominated products. These challenges were compounded by several years of leadership changes following the untimely death of Sergio Marchionne in 2018.

Against this background, in June 2021, Ferrari announced the appointment of Benedetto Vigna as the next CEO. Vigna, a physicist by training, was not from the automotive industry, or from a luxury goods ...

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