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    Ferrari (RACE)

    Ferrari N.V. (RACE) is a globally renowned luxury brand specializing in the design, engineering, and manufacturing of high-performance sports cars. The company is committed to exclusivity, offering a range of internal combustion engine (ICE) and hybrid models, as well as limited-edition and track-only cars. Beyond automobiles, Ferrari extends its brand into motorsports, lifestyle products, and financial services, maintaining its heritage and exclusivity while catering to a global clientele.

    1. Cars and Spare Parts - Manufactures and sells luxury sports cars, personalization options, and spare parts, focusing on exclusivity and high performance.
    2. Sponsorship, Commercial, and Brand - Generates revenue through Formula 1 sponsorships, commercial agreements, and brand-related activities such as licensing, merchandising, and fashion collections.
    3. Other - Includes financial services, management of the Mugello racetrack, and engine rentals to other Formula 1 teams.

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    NamePositionExternal RolesShort Bio

    Antonio Picca Piccon

    ExecutiveBoard

    Chief Financial Officer

    Board of Directors of Fiat Group Automobiles; Board of Directors of Magneti Marelli; Board of Directors of Maserati; Board of Directors of Teksid

    Antonio Picca Piccon has been Ferrari’s Chief Financial Officer since July 2018, where he oversees the company’s financial operations. He previously served as CFO at Ariston Thermo Group starting in November 2014 and held several senior roles at Fiat and FCA, as well as board memberships at various companies.

    Benedetto Vigna

    ExecutiveBoard

    Chief Executive Officer (CEO)

    Benedetto Vigna is the CEO of Ferrari N.V. since September 16, 2021 and was confirmed as an Executive Director on April 14, 2023, having previously held significant roles in the semiconductor industry.

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    John Elkann

    ExecutiveBoard

    Executive Chairman

    Chairman of Stellantis N.V.; Chairman of GEDI Gruppo Editoriale S.p.A.; Board Member of Meta; Trustee of MoMA; Member of JP Morgan International Council; Member of Allianz International Advisory Board

    John Elkann has served as Executive Chairman of RACE since April 12, 2019 and as Executive Director since April 15, 2016, playing a pivotal role in steering the company. He is also active on the Board and ESG Committee.

    Alfonso Fuggetta

    Executive

    Chief Digital Transformation Officer

    Alfonso Fuggetta is the Chief Digital Transformation Officer at Ferrari since November 2024, with extensive experience in academia and digital innovation including a previous role as CEO and Scientific Director at Cefriel from 2003 to 2024. His background in research and teaching further underscores his contributions to digital transformation.

    Andrea Antichi

    Executive

    Chief Manufacturing Officer

    Andrea Antichi is the Chief Manufacturing Officer at Ferrari (RACE) since January 2022, having formerly served as Head of Vehicle from June 2018 and held key roles in engine assembly and process engineering at the company.

    Angelo Pesci

    Executive

    Chief Purchasing & Quality Officer

    Angelo Pesci has been the Chief Purchasing & Quality Officer at Ferrari N.V. (RACE) since January 2022, and he previously held various leadership roles at STMicroelectronics while earning his MBA from SDA Bocconi and a master's degree in Physics from the University of Trieste.

    Carlo Daneo

    Executive

    General Counsel

    Member of the Board of Directors of Ferrari North America Inc.; Member of the Supervisory Body of Ferrari S.p.A.; Data Protection Officer of the Ferrari Group

    Carlo Daneo is the General Counsel of Ferrari N.V. since July 2015. He has held additional roles including serving as a board member for Ferrari North America Inc. since February 2017, as a member of the Supervisory Body of Ferrari S.p.A. since August 2015, and as Data Protection Officer for the Ferrari Group since February 2018.

    Davide Abate

    Executive

    Chief Technologies and Infrastructures Officer

    Davide Abate has been the Chief Technologies and Infrastructures Officer at RACE since January 2022. He previously served as Head of Technologies from October 2020, and as Head of Prototype Construction from 2017 to 2020.

    Enrico Galliera

    Executive

    Chief Marketing and Commercial Officer

    Enrico Galliera has served as the Chief Marketing and Commercial Officer at Ferrari (RACE) since April 2010, overseeing the company's marketing and commercial strategies. Previously, he held multiple senior roles at Barilla S.p.A., significantly contributing to its growth.

    Ernesto Lasalandra

    Executive

    Chief Research & Development Officer

    Ernesto Lasalandra has served as Chief Research & Development Officer at Ferrari since January 2022. He was previously Group VP R&D General Manager at STMicroelectronics, where he advanced through roles in product development and R&D over several decades.

    Flavio Manzoni

    Executive

    Chief Design Officer

    Flavio Manzoni has served as Chief Design Officer at Ferrari (RACE) since January 2010, with previous design leadership roles at Volkswagen Group and Fiat Group.

    Francesca Montini

    Executive

    Chief Communications Officer

    Francesca Montini is the Chief Communications Officer since April 2023 and previously served as Head of Brand and Corporate Communications since January 2018.

    Frédéric Vasseur

    Executive

    Scuderia Ferrari Team Principal & General Manager

    Frédéric Vasseur has served as the Scuderia Ferrari Team Principal & General Manager at RACE since January 9, 2023. He has an extensive background in motorsport management, having previously been Team Principal of Renault and Managing Director of the Sauber Group.

    Gianmaria Fulgenzi

    Executive

    Chief Product Development Officer

    Gianmaria Fulgenzi is the Chief Product Development Officer at Ferrari since January 2022. He previously served as Head of GeS Supply Chain from March 2019 to January 2022.

    Lorenzo Giorgetti

    Executive

    Chief Racing Revenue Officer

    Board Member at Global Esports Federation

    Lorenzo Giorgetti has been serving as the Chief Racing Revenue Officer since February 2023, focusing on revenue generation from Ferrari’s racing operations. Previously, he held key commercial roles at AC Milan and RCS Media Group and is currently a Board Member of the Global Esports Federation.

    Marco Lovati

    Executive

    Chief Internal Audit, Risk and Compliance Officer

    Marco Lovati has been the Chief Internal Audit, Risk and Compliance Officer at Ferrari since December 2023, and previously served as Chief Internal Audit Officer since April 2015 and as a member of the Supervisory Body since July 2014.

    Maria Carla Liuni

    Executive

    Chief Brand Officer

    Maria Carla Liuni is the Chief Brand Officer at Ferrari since September 2022 and is responsible for enhancing the brand's strategic positioning. She has extensive experience from senior roles at Pandora, Bulgari, and Procter & Gamble.

    Michele Antoniazzi

    Executive

    Chief Human Resources Officer

    Chief Human Resources Officer at Ferrari since April 2016, previously served in senior HR roles at Magneti Marelli.

    Adam Keswick

    Board

    Non-Executive Director

    Director of Hongkong Land; Director of Mandarin Oriental; Director of Yabuli China Entrepreneurs Forum

    Adam Keswick has served as a non-executive director at Ferrari N.V. (RACE) since April 15, 2016, bringing extensive leadership experience from roles at Jardine Matheson Group, Rothschild & Co, and others. He is recognized for his significant contributions to corporate governance and strategy, enhancing Ferrari’s board expertise.

    Delphine Arnault

    Board

    Non-Executive Director

    President and CEO of Christian Dior Couture; Board Director at LVMH Moët Hennessy Louis Vuitton SE; Board Member at Château Cheval Blanc; Board Member at Loewe; Board Member at Pucci; Board Member at Céline; Board Member at Christian Dior SE; Board Member at Gagosian; Board Member at Phoebe Philo Limited

    Delphine Arnault has served as a Non-Executive Director at Ferrari N.V. (RACE) since her initial appointment on April 15, 2016 with a current term beginning on April 17, 2024. She brings extensive leadership experience from the luxury sector, including her role as President and CEO of Christian Dior Couture since February 2023, along with multiple board positions across prestigious brands.

    Eddy Cue

    Board

    Non-Executive Director

    Apple Senior Vice President of Services; Board of Trustees of Paley Center for Media; Board of Trustees of Duke University

    Eddy Cue has served as a non-executive director at Ferrari N.V. (RACE) since January 2, 2016. He is also Apple's Senior Vice President of Services since 1989, contributing to major platforms like the iTunes Store and App Store.

    Francesca Bellettini

    Board

    Non-Executive Director

    Deputy Chief Executive Officer of Kering since July 2023; President and Chief Executive Officer of Yves Saint Laurent since September 2013

    Francesca Bellettini is a non-executive director at Ferrari N.V. (RACE), with her current term having started on April 17, 2024. She brings extensive luxury industry expertise from her roles as Deputy Chief Executive Officer of Kering since July 2023 and President and Chief Executive Officer of Yves Saint Laurent since September 2013.

    John Galantic

    Board

    Non-Executive Director

    CEO of Tod's S.p.A.; Operating Partner at Advent International; Member of the Board of Directors of Bacardi Limited; Member of the Board of Directors of Chanel Ltd.

    John Galantic is a Non-Executive Director at Ferrari N.V. (RACE), initially appointed on April 16, 2020 and serving his current term since April 17, 2024. He has held several executive and board roles at other companies, including CEO of Tod's S.p.A. and Operating Partner at Advent International.

    Maria Patrizia Grieco

    Board

    Non-Executive Director

    Member of the Board of Directors at Amplifon

    Maria Patrizia Grieco has been serving as a Non-Executive Director at Ferrari since April 15, 2016. She brings extensive board experience, including her role at Amplifon.

    Mike Volpi

    Board

    Non-Executive Director

    General Partner at Index Ventures

    Mike Volpi serves as a Non-Executive Director at Ferrari N.V. (RACE) since April 14, 2023. He is a General Partner at Index Ventures since 2009 and has held leadership roles at Cisco Systems, Ericsson, and Fiat Chrysler Automotive.

    Piero Ferrari

    Board

    Vice Chairman and Non-Executive Director

    Chairman of HPE-COXA; Board Member and Vice President of Ferretti Group

    Piero Ferrari has been an influential figure at Ferrari since 1988, and he currently serves as Vice Chairman and Non-Executive Director, with his present term on the board commencing on April 17, 2024. He is also recognized for his independent role on the board and for holding multiple leadership positions outside of Ferrari.

    Sergio Duca

    Board

    Chairman of the Board of Directors

    Member of the Statutory Auditors of Ferrovie dello Stato Italiane S.p.A. (since 2022); Chairman of the Board of Auditors of ISPI; Member of the Board of Auditors of the Intesa San Paolo Foundation Onlus

    Sergio Duca is the Chairman of the Board of Directors and Senior Non-Executive Director at Ferrari N.V. (RACE) since January 2, 2016, and is recognized as the audit committee financial expert.

    Tommaso Ghidini

    Board

    Director on the Board of Directors

    Tommaso Ghidini is a director at Ferrari N.V. (RACE) with no further details about his background or career history available in the documents.

    1. With margins already nearing the high end of your 2026 outlook, is there potential to recalibrate your margin expectations, and how will you balance unit growth versus price and mix over the next few years?

    2. Given the increase in personalization to around 20%, do you expect this level to be sustainable, and how might constraints in personalization capacity affect your ability to meet customer demand and capture more than 20% going forward?

    3. As residual values begin to normalize post-COVID and semiconductor shortages, could this impact your ability to price successor models with significant markups, and how are you addressing potential buyer concerns over residual value trends?

    4. With the order book of the new 12Cilindri models extending beyond two years and some markets showing weaker demand, particularly China due to additional tax burdens, how are you strategizing allocation and production to address geographic variances in demand?

    5. Considering the upcoming launch of your electric vehicle in 2025 and past strategies with new technologies like the LaFerrari and SF90, what are the key elements of your strategy for introducing the EV, and how do you plan to position it in terms of price point and production volume?

    Recent press releases and 8-K filings for RACE.

    Ferrari N.V. provides update on share buyback program
    ·$RACE
    Share Buyback
    • Ferrari N.V. reported on the eighth tranche of its multi-year Euro 2 billion share buyback program, which was announced on July 31, 2025.
    • From the announcement of this eighth tranche until August 29, 2025, the company purchased a total of 67,466 common shares on Euronext Milan and the New York Stock Exchange for a combined consideration of Euro 27,428,590.72.
    • As of August 29, 2025, Ferrari held 15,773,441 common shares in treasury, representing 8.73% of its total issued share capital.
    • Since the multi-year share buyback program commenced on July 1, 2022, up to August 29, 2025, Ferrari has repurchased a total of 5,078,486 common shares for Euro 1,669,998,288.08.
    4 days ago
    Ferrari Announces AGM Voting Results and Dividend
    ·$RACE
    Dividends
    Board Change
    Share Buyback
    • On April 16, 2025, Ferrari held its Annual General Meeting in Amsterdam where all proposed resolutions were approved.
    • The company declared a cash dividend of Euro 2.986 per outstanding common share, totaling approximately Euro 534 million.
    • The AGM elected executive directors including John Elkann and Benedetto Vigna and renewed authorization to repurchase up to 10% of its common shares.
    • Deloitte Accountants B.V. was reappointed as the independent auditor for FY 2025, and awards of rights to subscribe for common shares were approved for executive directors.
    Apr 16, 2025, 12:00 AM
    Ferrari Announces Q1 2025 Financial Results
    ·$RACE
    Earnings
    • Ferrari N.V. will release its Q1 2025 financial results on May 6, 2025.
    • A live audio webcast and conference call will be held at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on the same day.
    • Details, including registration requirements to access the webcast, are available on its corporate website.
    Apr 7, 2025, 12:00 AM
    Ferrari Updates Commercial Policy Amid Import Tariff Concerns
    ·$RACE
    Guidance Update
    • Ferrari announced a commercial policy update in response to potential import tariffs on EU cars into the USA, effective from orders imported after April 2, 2025.
    • The update maintains unchanged commercial terms for orders placed before April 2, 2025 and for the Ferrari 296, SF90, and Roma models, while other models may see up to a 10% price increase.
    • The company confirmed its 2025 financial targets but cautioned about a potential 50 basis point reduction in profitability margins (EBIT and EBITDA) due to the new import conditions.
    Mar 27, 2025, 12:00 AM
    Ferrari N.V. Reports Share Buyback Activity
    ·$RACE
    Share Buyback
    • On March 13, 2025, Ferrari executed its employee granting share process by assigning 113,466 treasury shares and repurchasing 47,907 shares at an average price of €414.0109 per share to cover tax liabilities.
    • As of March 14, 2025, the company held 15,720,318 treasury shares (equal to 8.71% of total issued capital) and, since commencing its multi-year €2 billion share buyback program in July 2022, has repurchased a total of 5,011,020 shares for €1.64257 billion.
    Mar 17, 2025, 12:00 AM