ABB Ltd
10 May 2007
Dinesh Paliwal to leave ABB
Joins Harman International Industries to become chief executive officer
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.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.