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Mumbai:
Dinesh Paliwal, president, global markets and technology and member of the
group executive committee, has resigned from the ABB Group and will leave at the
end of June. Paliwal
will now assume responsibility as chief executive officer (CEO) of US-based audio
equipment maker Harman International Industries. ABB
said Paliwal was appointed chairman of ABB in 2004, and guided and supported the
Indian operations through a period of significant growth. ABB
officials said the company said its executive committee and colleagues regret
his departure. Affiliates
of Kohlberg Kravis Roberts & Co. and GS Capital Partners have acquired Harman
for about $8 billion. Dr
Sidney Harman, the 88-year-old founder and executive chairman
of Harman International, had served as interim chief executive since the retirement
of Bernard Girod in December. Harman
is the parent company behind an array of brands including Harman Kardon, JBL,
Mark Levinson and Infinity. The business is organised into automotive OEM, consumer
and professional groups.
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