Dinesh Paliwal

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Dinesh Paliwal
Dinesh WAS17 2.jpg
Paliwal speaking at Washington Auto Show
Born
Dinesh C. Paliwal

(1957-12-17) 17 December 1957 (age 61)
CitizenshipUnited States
Alma materIndian Institute of Technology Roorkee
Miami University
OccupationPresident and CEO of Harman International Industries
Spouse(s)Ila Paliwal
ChildrenAasheesh Paliwal, Shriya Paliwal

Dinesh C. Paliwal (born 17 December 1957) is an Indian-American businessman. Paliwal is known for being the President and CEO of Harman International Industries – a provider of audio and infotainment systems for the automotive, consumer and professional markets.

In addition to the Harman board, Paliwal serves as a member on the board of Nestlé,[1] the Fortune Global 100 food and beverage company, and the boards of Bristol-Myers Squibb and Raytheon Company, both Fortune 200 organizations. He has served on the boards TYCO International, ADT and Embarq Corporation and is a member of the CEO Business Roundtable, the U.S.-India CEO Forum and serves on the board of the U.S. India Business Council (USIBC). He has served previously as Chairman of the National Foreign Trade Council, ABB India Ltd., Lummus Global (an oil and gas technology company) and as a Director for the US China Business Council, and International Swimming Hall of Fame. He also served for three years as Economic Advisor to the Governor of Guangdong Province, China.

Paliwal, a US citizen, has lived and worked in Australia, China, India, Singapore, Switzerland, and the United States[citation needed]. He earned an MS degree in Engineering from the Indian Institute of Technology (Roorkee, India); MS in Applied Science and Engineering and MBA in Finance from Miami University (Oxford, Ohio). In 2019, the board of trustees of Miami University also conferred an honorary Doctor of Laws degree to Dinesh for his ongoing efforts and contributions toward advancing the University's leadership in business, technology, innovation and entrepreneurial endeavors[2]. Before joining Harman he worked at the ABB Group as President Global Markets and Technology.[3] During his 22 years with ABB, he held management positions in five countries[4] and was instrumental in the company's dramatic turnaround during the period 2002–2007.[5]

In 2010, Paliwal was named Metro New York Entrepreneur of the Year by Ernst and Young,[6] and received the Indian American Achiever Award by the Global Organization of People of Indian Origin (GOPIO).[7] He received the Pinnacle Award as one of the Outstanding 50 Asian Americans in Business 2012 by Asian American Business Development Center. In 2014, Fortune Magazine named Paliwal in their "Businessperson of the Year" list.[8] He was honored by the T. J. Martell Foundation in 2015[9] and also by Breakthrough, a global nonprofit, for his contributions in advancing women's causes in 2016.[10] In 2017, Paliwal was named to the inaugural Recode 100, recognizing the year's most influential people in tech, business and media, and B'nai B'rith International honored him with its Distinguished Achievement Award. In the same year, Paliwal also received the Ellis Island Medal of Honor[11] and made a donation to Miami University's Farmer School of Business along with his wife to create the Dinesh and Ila Paliwal Innovation Chair and the Dinesh and Ila Paliwal Scholarship.[12]

Samsung announced its intent to acquire HARMAN for approximately $8 billion in November 2016,[13] with Paliwal continuing to lead the company post-acquisition. The transaction was completed in March 2017.[14]

Early life[edit]

Paliwal was born on 17 December 1957 in Agra, India as one of seven children in a family of modest means.[citation needed] He married Ila Sharma after attending University of Roorkee.[citation needed] Paliwal's father, Ram Chandra Paliwal, was a nationally renowned social leader who worked closely with Mahatma Gandhi and other leaders in India's freedom movement.[citation needed] He obtained an engineering degree with merit from the University of Roorkee (now renamed as the Indian Institute of Technology, Roorkee), India.[citation needed] He was later awarded a full scholarship to pursue advanced degrees in Engineering and Management at Miami University, Oxford, Ohio, USA.[citation needed]

Paliwal left India in 1981, but still visits frequently with his family and for business activities.[citation needed] His wife, son and daughter are all accomplished musicians.[citation needed]

External links[edit]

References[edit]

  1. ^ "Nestlé S.A. Annual General Meeting". www.nestle.com. Retrieved 24 April 2019.
  2. ^ "Doctorate degree awarded to distinguished alumnus". miamioh.edu. Retrieved 20 May 2019.
  3. ^ "Dinesh Paliwal to leave ABB"
  4. ^ ""Interview with Dinesh Paliwal", China Business Review - 2004". Archived from the original on 5 December 2008. Retrieved 11 March 2009.
  5. ^ "ABB Celebrates Turnaround", Automation World Magazine - June 2006
  6. ^ "Ernst and Young Entrepreneur of the Year Awards Announced" Forbes.com - June 2010
  7. ^ "GOPIO CT Honors Dinesh Paliwal and Senator Chris Dodd", Tribuna Connecticut - 26 May 2010
  8. ^ "Dinesh C. Paliwal". Fortune. 13 November 2014. Retrieved 25 April 2017.
  9. ^ "THE T.J. MARTELL FOUNDATION ANNOUNCES 40TH ANNIVERSARY" (PDF).
  10. ^ "Breakthrough Inspiration Awards 2016: Bios - Breakthrough U.S." Breakthrough U.S. Retrieved 25 April 2017.
  11. ^ "2017 Ellis Island Medal of Honor Recipients". www.neco.org. Archived from the original on 7 July 2017. Retrieved 17 July 2017.
  12. ^ "Dinesh and Ila Paliwal pay it forward with $1.5 million gift to the Farmer School of Business". miamioh.edu. Retrieved 18 July 2017.
  13. ^ "Harman International CEO says Samsung's big deal is 'dynamite'". CNBC. Retrieved 17 April 2017.
  14. ^ "Samsung Electronics Completes Acquisition of HARMAN". news.samsung.com. Retrieved 17 April 2017.