New Composition of the Board of Directors

Steinhausen, July 23, 2009 – At today’s annual shareholders’ meeting of Carlo Gavazzi Holding AG, the two directors Federico Foglia and Stefano Premoli Trovati, standing for re-election, and Giovanni Bertola as a new member, were elected for a period of one year. Following the proposal of a group of public shareholders to join the board, Valeria Gavazzi was elected as a new member for a period of one year. Discharge was declined to the retiring board members Alessandro Berlingeri, Felix Ehrat, Dominique Fässler and Giulio Pampuro. All other items of the agenda were approved by the shareholders. At the board of directors’ meeting following the shareholders’ meeting, Valeria Gavazzi was appointed chairperson of the board. Giovanni Bertola, with his professional experience at ABB and in other industrial companies, was appointed vice-chairman and was delegated by the board to co-ordinate all industrial operations of the group.

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