Vigna, 52, will join the Maranello, Italy, company in September.
A 26-year veteran of STMicro, Vigna most recently was president of its analog, microelectromechanical systems and sensors group, the Swiss company's largest and most profitable division in 2020. He also sat on the parent's executive committee.
Vigna's "deep understanding of the technologies driving much of the change in our industry, and his proven innovation, business-building and leadership skills, will further strengthen Ferrari," Ferrari Chairman John Elkann said.
"We view this appointment as favorable in light of the ongoing challenges in the automotive industry," the investment firm said.
"As the path to electrification draws closer, the technological content within cars will likely increase and become an important differentiator, especially in a context where the traditional engine may be replaced by an electric power train," the firm said.
Shares of Ferrari at last check were off 2.8% at $212.62.