Mattia Binotto New Chief Technical Officer at Scuderia Ferrari

MARANELLO, Italy, July 27, 2016 /PRNewswire/ -- Ferrari N.V. ("Ferrari") (NYSE/MTA: RACE) announces that after three years of working together, Scuderia Ferrari and James Allison jointly decided to part ways.

Maurizio Arrivabene, Team Principal of Scuderia Ferrari, commented as follows: "The Team would like to thank James for his commitment and sacrifice during the time spent together, and wishes him success and serenity for his future endeavors."

James Allison stated: "During the years I spent at Ferrari, at two different stages and covering different roles, I could get to know and appreciate the value of the team and of the people, women and men, which are part of it. I want to thank them all for the great professional and human experience we shared. I wish everybody a happy future with lots of success."

Mattia Binotto will take on the role of Chief Technical Officer at Scuderia Ferrari.

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SOURCE Ferrari NV

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