Ferrari N.V. (NYSE: RACE) has appointed Massimiliano Di Silvestre as Chief Marketing & Commercial Officer, effective July 1, 2026. Di Silvestre will join Ferrari's Leadership Team and report directly to Chief Executive Officer Benedetto Vigna.

Di Silvestre succeeds Enrico Galliera, who is leaving Ferrari after more than 16 years with the company. Vigna said Galliera "has played a significant role in the Company's growth and in strengthening the Ferrari brand worldwide."

Di Silvestre previously served as President and CEO of BMW Group Italy. He brings more than 20 years of experience in the premium and luxury automotive sector, with a background in commercial development and business transformation across international markets.

"I am pleased to welcome Massimiliano to Ferrari. His international experience and leadership will be an important asset as we guide the Company into its next phase of growth," Vigna said.