LORENZO GIORGETTI APPOINTED CHIEF RACING REVENUE OFFICER
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) announced the appointment of Lorenzo Giorgetti as Chief Racing Revenue Officer, effective February 7, 2022. Giorgetti, who previously served as Chief Commercial Officer at AC Milan, is recognized for his success in commercial growth within sports. In his new role, he will enhance long-term partnerships with sponsors and engage with Ferrari's global fan community, including entering the Esports sector. CEO Benedetto Vigna expressed optimism about Giorgetti's leadership and experience, highlighting the excitement of developing opportunities together with sponsors and fans.
Positive
- Appointment of Lorenzo Giorgetti as Chief Racing Revenue Officer expected to enhance commercial growth.
- Giorgetti's background at AC Milan may bring valuable insights for sponsor collaborations.
- Focus on expanding partnerships in the emerging Esports market.
Negative
- None.
Details
News Market Reaction – RACE
The recorded move for RACE in the trading session of this news was +2.14%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Maranello (Italy), February 7, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announced that Lorenzo Giorgetti joins Ferrari today as Chief Racing Revenue Officer, reporting to CEO Benedetto Vigna.
Giorgetti has extensive experience in delivering consistent commercial growth of prestigious sports properties for the benefit of the sponsors and Ferrari. Most recently Giorgetti was Chief Commercial Officer at AC Milan and played a significant role in the club's marketing and commercial relaunch. Prior to this, he led the commercial management of RCS Media Group's sports division for a decade, and is currently a board member of the Global Esports Federation.
“We are delighted to welcome Lorenzo as our Chief Racing Revenue Officer. With his experience and leadership, Ferrari will further develop long-term collaborations with our sponsors across all sport activities, including the emerging Esports world, and with our passionate global fan community,” commented Benedetto Vigna, CEO of Ferrari.
"It is a true honor to join Ferrari and I do it with an equal sense of excitement and responsibility. Excitement at the great opportunities we can develop together with our esteemed sponsors and fans. And with a profound sense of responsibility towards the history and heritage of Ferrari and to everyone around the world for whom Ferrari is such a unique passion,’’ Lorenzo Giorgetti observes.
Attachment
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.