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To transform the company from a founder-run, top down culture to one that is customer-centric and innovation driven, Mr. Paliwal has instituted significant changes since his tenure at HARMAN began in 2007. This includes building a diverse board and strong leadership team, expanding the company’s business in high growth emerging markets and instituting best-in-class operating processes that have resulted in top and bottom line growth. Today, HARMAN is a Fortune 500 connected technologies company serving the automotive, consumer and enterprise markets. With a global workforce of 28,000, more than 5,700 patents and an industry-leading $23 billion automotive backlog of orders in 2015, HARMAN has become the technology partner of choice to other premier companies looking to exploit the potential of the Internet of Things (IoT) through mobile, cloud and analytics.
Mr. Paliwal has worked and lived in six countries on four continents, including the United States, China, Switzerland, Singapore, Australia and India. Prior to joining HARMAN, he spent 22 years with ABB Group (NYSE: ABB, a $50 billion global energy and industrial leader), where he last held the dual role of President of ABB Group with responsibility for the company’s global P&L, and Chairman/CEO - ABB North America. Most notably, he eliminated the cultural and organizational silos among multiple P&L operations globally to achieve profitable growth for the multi-billion North American operation following 18 years of losses.
Moving to Beijing in 1994, Mr. Paliwal established ABB’s operations in China and North Asia and grew the region’s business ten-fold in four years. From the company’s headquarters in Zurich, Switzerland, he reversed losses at – and grew – its large global industrial automation business. After becoming the youngest executive to join the ABB Group management board in 2001, Mr. Paliwal was tapped by the company’s board to run the global Automation Division, representing more than half of ABB’s sales. As president of the division reporting directly to the Chairman, he posted 14 consecutive quarters of top-line and earnings growth.
Mr. Paliwal is regularly recognized by the business community, industry and the media for his role in driving innovation and social progress. In 2010, Ernst & Young named Mr. Paliwal ‘Entrepreneur of the Year' for the New York region, and the Global Organization of People of Indian Origin (GOPIO) honored him with the ‘Indian American Achiever’ award. The American India Foundation (AIF) honored him for ‘Corporate Leadership’ in 2011. In 2012, Mr. Paliwal was inducted into the International Honor Society Beta Gamma Sigma, and the Asian American Business Development Center presented him with the ‘Pinnacle Award.’ In 2014, Mr. Paliwal was named to Fortune's ‘Business Person of the Year’ list. In 2015, The T.J. Martell Foundation honored him with its music innovation award and this year, he will be honored by Breakthrough, a global nonprofit, for his contributions to advancing women’s causes.
In addition to HARMAN’s board, Mr. Paliwal serves on the board of directors for Bristol-Myers Squibb Company (NYSE: BMY), and on the board of the Business Advisory Council of the Farmer School of Business, Miami University. He is a member of the CEO Business Roundtable in Washington, DC, and the U.S. India CEO Forum, as well as the U.S. India Business Council (USIBC) board of directors. Previously, Mr. Paliwal served on the boards of Tyco, ADT, Embarq (now Century Link Telecom), and the National Symphony Orchestra. He also served as Chairman of ABB India Ltd., Chairman of the U.S. National Foreign Trade Council and a member of the board of the U.S. China Business Council. In addition, he served for three years as Economic Advisor to the Governor of Guangdong Province, China.
Mr. Paliwal holds a Bachelor’s degree in Math, Physics and Science from Agra University in India and a master’s degree in engineering from the Indian Institute of Technology (IIT Roorkee,). He also earned a master’s degree in applied science and engineering, and a master’s degree in business administration, both from Miami University of Ohio.