Exor and Ferrari Legacy Reaffirm Long-Term Vision with Renewed Shareholder Pact

A renewed shareholder agreement between Exor and Piero Ferrari reinforces stability, continuity, and confidence in Ferrari’s long-term strategy as a global luxury and performance icon.

Ferrari’s governance framework has received a strong vote of confidence as Exor, the Agnelli family’s investment company, renewed its long-standing shareholder agreement with Piero Ferrari, the son of the legendary founder Enzo Ferrari.

The renewed agreement underscores continuity at the top of one of the world’s most admired luxury and motorsport brands, reinforcing long-term alignment among its most influential shareholders.

Under the new arrangement, the agreement has been extended until January 2029, with an automatic renewal for an additional three years unless either party chooses to terminate it.

This extended timeline sends a clear signal of stability to investors, employees, and fans, reflecting a shared commitment to Ferrari’s enduring values and strategic direction.

The agreement provides a structured framework through which Exor and Piero Ferrari will continue to coordinate their positions on key matters brought before Ferrari’s shareholders.

It also includes reciprocal rights of first offer in the event of any potential transfer of Ferrari shares, further strengthening trust and cooperation between the parties.

Exor currently holds around 20% of Ferrari’s share capital, while Piero Ferrari owns approximately 10.6%, making him the company’s second-largest shareholder.

Together, the two parties control more than 48% of Ferrari’s voting rights, ensuring a stable and consistent influence over the company’s governance.

This strong voting position has long been viewed as a cornerstone of Ferrari’s ability to pursue long-term strategies without being overly exposed to short-term market pressures.

John Elkann, chief executive of Exor and a leading figure of the Agnelli family, serves as chairman of Ferrari, reinforcing the close ties between the company and its principal shareholder.

Piero Ferrari, meanwhile, continues his role as vice chairman and non-executive board member, providing a direct link to the founding family and its heritage.

This combination of professional leadership and legacy stewardship has been widely credited with helping Ferrari balance innovation with tradition.

Over the years, Ferrari has successfully expanded its presence as a luxury brand while maintaining its exclusivity, racing pedigree, and unmistakable identity.

The renewed agreement reflects confidence in Ferrari’s current leadership and strategic trajectory, including its focus on high-margin luxury vehicles, brand-driven growth, and controlled production volumes.

It also comes at a time when Ferrari is navigating important transitions in the automotive industry, including electrification and sustainability, while preserving performance and design excellence.

By reaffirming their partnership, Exor and Piero Ferrari are signalling that these transitions will be guided by a long-term vision rather than short-term disruption.

Market participants often view such shareholder stability as a positive indicator, particularly for premium brands whose value rests heavily on consistency, trust, and brand equity.

Ferrari’s governance model has frequently been cited as an example of how family legacy and modern corporate management can coexist successfully.

The agreement renewal reinforces that model, ensuring continuity in decision-making and protecting the brand’s strategic independence.

It also reassures stakeholders that Ferrari’s core values, including craftsmanship, innovation, and racing excellence, remain firmly anchored at the highest levels of ownership.

As Ferrari continues to perform strongly both on the road and in global markets, this renewed alignment at shareholder level provides a solid foundation for future growth.

In an era of rapid change across the automotive sector, Ferrari’s emphasis on long-term partnerships and governance stability stands out.

The renewed pact reflects not just a legal agreement, but a shared philosophy about stewardship, patience, and the preservation of one of Italy’s most iconic global brands.

With this agreement in place, Ferrari enters the coming years with clarity, confidence, and continuity at its core.