Ferrari N.V. has appointed Massimiliano Di Silvestre as its new 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. The leadership change aims to leverage Di Silvestre's extensive international experience to guide the company into its next phase of growth.

Massimiliano Di Silvestre succeeds Enrico Galliera, who is departing after more than sixteen years at Ferrari. Galliera’s decision to leave was shared with the company some time ago. Benedetto Vigna expressed gratitude for Galliera’s contribution, noting his significant role in the company’s growth and the strengthening of the Ferrari brand worldwide.

Di Silvestre brings over twenty years of leadership experience in the premium and luxury automotive sector. Before joining Ferrari, he served as President and CEO of BMW Group Italy, one of the group’s most important markets globally. His expertise includes managing complex organizations, driving commercial development, and leading business transformation across international markets.

Key Leadership Changes

Benedetto Vigna highlighted that Di Silvestre’s international experience and leadership will be an important asset for the company. The appointment marks a strategic move to bolster Ferrari’s commercial and marketing capabilities as it continues to expand its global presence.

Ferrari N.V. has repurchased 55,223 common shares for a total consideration of Euro 17,176,469.87 under the second tranche of its multi-year share buyback program. The purchases were executed on the Euronext Milan (EXM) and the New York Stock Exchange (NYSE) between June 11 and June 19, 2026. This tranche is part of a broader Euro 250 million program announced on April 10, 2026, which itself falls under a multi-year buyback plan of approximately Euro 3.5 billion expected to be completed by 2030.

Breakdown of Recent Transactions

The company acquired 36,073 shares on EXM for Euro 11,140,599.55 and 19,150 shares on NYSE for Euro 6,035,870.32. The following table details the daily purchases during the reporting period:

(*) Translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase.

Cumulative Buyback Status

Since the announcement of the second tranche on April 10, 2026, until June 19, 2026, Ferrari has invested a total consideration of Euro 125,381,403.07 for 427,782 common shares on EXM. On the NYSE, it purchased 81,237 common shares for USD 27,498,361.68 (Euro 23,588,607.38). Overall, since the start of the multi-year program on January 5, 2026, the company has acquired 1,394,464 common shares on both exchanges for a total consideration of Euro 409,728,095.47.

Treasury Shareholding Position

As of June 19, 2026, Ferrari held 17,928,690 common shares in treasury, net of shares assigned under its equity incentive plan. This represents 9.25% of the then total issued common shares. Including special voting shares, the treasury holding amounts to 9.57% of the total issued share capital. The company noted that the cancellation of treasury shares, approved by the Annual General Meeting of Shareholders on April 15, 2026, has not yet been executed and is not reflected in these calculations.