Rajat Gupta Appointed to Harman International Board of Directors
STAMFORD, CT - Harman International Industries, Incorporated (NYSE: HAR) announced today that Rajat Gupta has been appointed to serve as a member of the Company's Board of Directors. Mr. Gupta will fill a vacancy on the Board and will serve under this appointment until December 2011, at which time he will stand for reelection to the Board through the Company's normal process.
Mr. Gupta is currently a Senior Partner Emeritus of McKinsey & Company, the global management consulting firm, where he served from 1994 to 2003 as Managing Director. He currently serves as a director of Goldman Sachs, Procter & Gamble, Genpact and AMR Corporation. He also serves on the Board of Rockefeller Foundation, World Economic Forum and Millennium Promise. In addition, Mr. Gupta is the Chairman of the Board of the Indian School of Business, as well as on the Board of Associates of the Harvard Business School, and the Dean’s Advisory Board for the School of Economics and Management at Tsinghua University. He is Chairman of the Board of the Global Fund for AIDS, Tuberculosis and Malaria, Chairman of the Advisory Board of the Bill and Melinda Gates Foundation and co-Chair of the American India Foundation. Mr. Gupta holds a Bachelor’s of Technology degree in Mechanical Engineering from the Indian Institute of Technology and an MBA from Harvard Business School.
"We are delighted to welcome Rajat Gupta to our Board of Directors and look forward to his outstanding counsel,” said Dinesh C. Paliwal, Harman’s Chairman and Chief Executive Officer. "Rajat’s deep expertise in global business, combined with his active participation in several other prestigious governance bodies, will serve as valuable assets as we align our company's strategy with evolving global markets and resources."
Harman International (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment products for the automotive, consumer and professional markets. The Company maintains a strong presence in the Americas, Europe and Asia and employs more than 10,500 people worldwide. The Harman International family of brands spans some 15 leading names including AKG, Audioaccess, Becker, BSS, Crown, dbx, DigiTech, DOD, Harman Kardon, Infinity, JBL, Lexicon, Mark Levinson, Revel, QNX, Soundcraft and Studer. The Company's stock is traded on the New York Stock Exchange under the Symbol HAR