Carlo Gavazzi - Change of Management

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CEO of the Automation Components Business Unit resigns
 
Steinhausen, July 17, 2008 - After 24 years of successful service for
the Carlo Gavazzi Group, the last 11 years as CEO of the Automation
Components Business Unit, Dino Masili (61) has decided not to renew
his contract and to therefore leave his current position effective
October 31, 2008.
 
Dino Masili has  been the architect  of the successful  repositioning
and the positive  development of the  Automation Components  Business
Unit during his tenure.  In the last financial  year ended March  31,
2008, his unit  achieved record  results and the  development in  the
first three  months  of the  current  financial year  has  also  been
positive notwithstanding the weakening economic situation in most  of
the markets served by the business unit.
 
The Board of Directors of Carlo Gavazzi Holding AG thanks Dino Masili
for  his  outstanding  contribution  to  the  group  and  wishes  him
continued success in the future.
 
Until a new CEO  assumes full responsibility,  the Chairman of  Carlo
Gavazzi Holding AG, Dr. Giulio Pampuro,  will head the business  unit
on an ad interim basis.
 
For further information contact:
Felix Stöcklin
Head of Corporate Communications
Carlo Gavazzi Holding AG
Phone     +41 41 747 45 29
E-Mail     felix.stoecklin@carlogavazzi.ch
 
About Carlo Gavazzi:
Carlo  Gavazzi  is  a   publicly  quoted  (SWX:  GAV)   international
electronics group  with activities  in the  design and  marketing  of
electronic control components for factory and building automation  as
well as in electronic packaging and embedded computing.
Please visit our website: www.carlogavazzi.com
 
The press release can be downloaded from the following link:
 
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Carlo Gavazzi Holding AG
Sumpfstrasse 32 Steinhausen 
 
WKN: 869279; 
ISIN: CH0011003594; Index: SPI, SPIEX, SSCI;
Listed: Main Market in SWX Swiss Exchange;