Zurich, Switzerland, May 10, 2007 - ABB today announced that Dinesh Paliwal, President, Global Markets and Technology and a member of the Group Executive Committee, will leave ABB at the end of June to become chief executive of U.S.-based Harman International Industries.
"Dinesh Paliwal had an outstanding and long global career within ABB and he made very strong contributions as a key member of the top management team to move ABB forward," said ABB President and CEO Fred Kindle.
"The Executive Committee and his ABB colleagues regret his departure and we will miss Dinesh's energy and professionalism and wish him well in his new role," Kindle added.
In 1985, Paliwal, an Indian and U.S. citizen, joined AccuRay Corporation as a systems engineer and project manager. This company was later acquired by ABB. As his career progressed, he has held a wide variety of roles and responsibilities which span ABB's businesses and regions.
Since 2001, Paliwal has been a member of the Executive Committee, where he was at first responsible for the Automation Technologies division and since 2006 has served as President, Global Markets and Technology.
In 2004, Paliwal assumed additional responsibility as Chairman and CEO of ABB in North America. He also held the chairmanship of Lummus Global since 2006 and ABB India, since 2004.
ABB has initiated a search and will announce his succession in due course.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 109,000 people.
