Asian Tech Press (Jan 10) -- Ferrari N.V. unveiled on Monday details of its new management team to embrace electrification under new chief executive Benedetto Vigna.

In a statement, the Italian luxury sports car manufacturer said the new organizational structure will further foster innovation, optimise processes and increase collaboration both internally and with partners.

"We want to push the boundaries further in all areas by harnessing technology in a unique Ferrari way," stated Benedetto Vigna, "Our new organization will enhance our agility, essential to seizing the opportunities ahead of us in this fast evolving environment."

Ferrari hopes to seize the growth opportunity of electrification with the new organizational structure.