Harman International Appoints Gary Steel as Board Member
WASHINGTON, D.C., December 27, 2007 - Harman International Industries, Incorporated (NYSE: HAR) announced today that Gary Steel has been appointed to serve as a member of the Company's Board of Directors. In connection with this appointment, the Board was expanded from seven to eight members. Mr. Steel will serve under this appointment until November 2009, at which time he will stand for reelection to the Board through the company's normal processes.
Mr. Steel, a Scottish citizen, currently serves as Executive Committee member responsible for Human Resources at ABB Ltd. (NYSE:ABB; SWX:ABBN), a leading global supplier of power and automation technologies. Previously, he served in a series of senior management positions for the Shell group of energy and petrochemical companies. His professional background includes extensive experience in human resource development, restructuring, and corporate governance.
"We are delighted to welcome a global executive of Gary Steel's competence to our Board of Directors," said Dr. Sidney Harman, Chairman and Dinesh Paliwal, Chief Executive Officer. "Gary's deep expertise in human resource development, strategic initiatives and governance will serve as a valuable asset as we carefully match our company's strategy to 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.
