BNET Industries

Market Cap:$2.7B
Last Fiscal Year Sales:$4.1B
  • Public
  • US
Dow Jones Description

Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems worldwide. The company operates in three segments: Automotive, Consumer, and Professional. Automotive segment designs, manufactures, and markets audio, electronic, and infotainment systems for vehicle applications primarily to be installed as original equipment by automotive manufacturers. Its infotainment systems include voice activated telephone and climate control, navigation, rear seat entertainment, Internet access, hard disk recording, MP3 playback, windows media audio playback, and a high-end branded audio system. Consumer segment designs, manufactures, and markets audio, video, and electronic systems for home, computer, and multimedia applications. Professional segment designs, manufactures, and markets loudspeakers and electronics used by audio professionals in concert halls, stadiums, airports, and other buildings, as well as used for recording, broadcasting, cinema, and music reproduction applications. The company sells its products primarily through audio/video specialty and retail chain stores. Harman International Industries was incorporated in 1980 and is headquartered in Washington, D.C.

Number of Employees 11,688
Contact Information

400 Atlantic Street

15th Floor

Stamford, Connecticut 06901

www.harman.com

203-328-3500

NAICS Code Audio and Video Equipment Manufacturing: 334310

Recent Events

  • Harman Internat’l

    10/31/09 - Bond / Stock Rating - View Story

  • Harman shares hit year-high on narrower-than-expected Q1 loss

    10/30/09 - Bond / Stock Rating - View Story

  • Las Vegas Sands, MetLife, Manitowoc are big movers

    10/30/09 - Financial Announcement - View Story

  • Cinemo Announce Multi-Year Contract With Harman International Automotive Division

    10/07/09 - Joint Venture / Alliance - View Story

  • BMW fuels Harman's bottom line

    9/30/09 - Financial Announcement - View Story

  • Harman International to Provide Infotainment System for Mercedes-Benz

    9/16/09 - Licensing / Contract - View Story

  • Harman International to Provide Next-Generation Infotainment

    9/09/09 - Licensing / Contract - View Story

  • STOCKS NEWS US-Warner Chilcott upgraded at Jefferies

    8/25/09 - Bond / Stock Rating - View Story

  • Market Playbook: Dividend.com

    8/21/09 - Bond / Stock Rating - View Story

  • UPDATE 3-Hurricane Bill kills 2 in US, drenches eastern Canada

    8/24/09 - Financial Announcement - View Story

  • Auto-Parts Sector Looks Less Scrappy

    6/19/09 - Bond / Stock Rating - View Story

News & Analysis

harman international industries inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Dinesh C. Paliwal CEO
Helmut Schinagel Chief Technology Officer
Herbert K. Parker Chief Financial Officer
John Stacey Vice President, Human Resources and Chief Human Resources Officer
Robert Hart Chief IP Counsel
David Karch Vice President, Operational Excellence
Edwin C. Summers Vice President, General Counsel and Secretary

Board of Directors

Name (plus bio) Position
Sidney Harman Chairman Emeritus
Ann McLaughlin Korologos Board of Directors
Brian F. Carroll Board of Directors
Edward H. Meyer Board of Directors
Gary Steel Board of Directors
Harald Einsmann Board of Directors
Hellene S. Runtagh Board of Directors
Kenneth M. Reiss Board of Directors
Rajat K. Gupta Board of Directors
Shirley M. Hufstedler Board of Directors

Organization Position Status
Ishof, Inc CEO of Harman International Industries Current
Harman International Industries, Incorporated CEO Current
Harman International Industries, Incorporated Chairman Current
Ishof, Inc Board of Directors Current
Embarq Corporation Board of Directors Current
ABB Ltd. CEO Former
Harman International Industries, Incorporated President Former
ABB Holdings Inc. President Former
ABB Ltd. Group Executive Vice President & Head, Automation Technologies Division Former
Harman International Industries, Incorporated Vice Chairman Former
Miami University Master's Degree In Business Administration Former

Organization Position Status
Harman International Industries, Incorporated Chief Technology Officer Current

Organization Position Status
Harman International Industries, Incorporated Chief Financial Officer Current

Organization Position Status
Harman International Industries, Incorporated Vice President, Human Resources and Chief Human Resources Officer Current

Organization Position Status
Harman International Industries, Incorporated Chief IP Counsel Current
Conexant Systems, Inc. Division IP Counsel Former

Organization Position Status
Harman International Industries, Incorporated Vice President, Operational Excellence Current

Organization Position Status
Harman International Industries, Incorporated Vice President, General Counsel and Secretary Current
Harman International Industries, Incorporated Assistant Secretary Former

Organization Position Status
Harman-Becker Automotive Systems (Kentucky), Inc. President Current
Harman Becker Automotive Systems Chairman Current
Harman International Industries, Incorporated Chairman Emeritus Current
Harman International Industries, Incorporated Chief Executive Officer Former
Harman International Industries, Incorporated Director Former

Organization Position Status
Wfpg Chairman of the Rand Board of Trustees Current
The Gale Group Board of Directors Current
Host Hotels & Resorts, Inc. Board of Directors Current
AMR Corporation Board of Directors Current
Vulcan Materials Company Director Current
Kellogg Company Board of Directors Current
Harman International Industries, Incorporated Board of Directors Current
American Airlines, Inc. Board of Directors Current
Aspen Institute Chairman Former
RAND Corporation Chairman Former
Department of the Interior Secretary Former
The Labor Company Secretary Former
Microsoft Corporation Board of Directors Former
Fannie Mae Board of Directors Former

Organization Position Status
Rockwood Holdings, Inc. Board of Directors Current
Harman International Industries, Incorporated Board of Directors Current

Edward H. Meyer is the Chairman, Chief Executive and Chief Investment Officer of Ocean Road Advisors, Inc., an investment management company that directs the investment and related management activities of several leading New York City-based families. Ocean Road Advisors, Inc. manages a portfolio in excess of $750 million invested on behalf of numerous client entities in a broad range of investment strategies, including public and private equities, hedge funds, real estate, and venture capital. The Company also oversees the activities of several large and active philanthropic foundations. Mr. Meyer is the past Chairman and Chief Executive Officer of Grey Global Group, part of WPP, one of the world’s largest communications services groups, from which he retired in 2006. Grey is involved in a large number of marketing communications businesses globally including consumer advertising, media planning and buying, direct marketing, healthcare marketing, public relations/public affairs, sales promotion, graphic design, corporate communications, sponsorship and event marketing, interactive communications, channel marketing and retailer advertising support and product branding. Its clients include some of the largest and most prominent corporations in the world, including Procter & Gamble, GlaxoSmithKline, BAT, Diageo, Nokia, Volkswagen, BellSouth, Wyeth, Merck, Novartis and Con Agra. During his 35-year tenure as Chief Executive Officer of Grey, Mr. Meyer built the company from a mid-sized U.S. agency into a leader in global marketing communications with operations in 83 countries. Under his leadership, Grey’s revenues soared by a factor of over 40 times, from $29.5 million in 1970 to more than $1.3 billion in 2003. Mr. Meyer has served as a Director of a number of public companies, and is currently on the boards of Ethan Allen Interiors Inc. and National Cinemedia and is a trustee of the Solomon R. Guggenheim Museum and the New York University Medical Center. Mr. Meyer is also a member of the Board of Director Jim Pattison Group and the Film Society of Lincoln Center. A Cornell graduate with honors in economics. Ed and his wife, Sandy, live in Manhattan. They have two grown children and three grandchildren

Organization Position Status
Jim Pattison Group Board of Directors Current
Campus Villages, LLC Board of Directors Current
National Cinemedia, LLC Board of Directors Current
Ethan Allen Interiors Inc. Board of Directors Current
Guggenheim Museum Treasurer Current
Solomon R. Guggenheim Museum Board of Directors Current
New York University Medical Center Board of Directors Current
Harman International Industries, Incorporated Board of Directors Current
National Realty & Development Corporation Board of Directors Current
Nrdc Director Current
AllConnect Inc. Board of Directors Current
Ethan Allen, Inc. Board of Directors Current
Solomon R. Guggenheim Museum Trustee Current
New York University Medical Center Trustee Current
Grey Global Group President Former
Bloomingdale's Associate Former
May Department Stores Director Former

Born November 25, 1952 – Scottish citizen Education 1991 Bachelor of Commerce – University of Edinburgh, Scotland Professional experience ABB 2003 to date Head of Human Resources Member of the Group Executive Committee of ABB Ltd., Switzerland Shell 2002 Human Resources Director, Group Finance, Netherlands 1999 – 2002 Director of Group Leadership Development in LEAP, Netherlands 1996 – 1999 Director of Leadership Development in LEAP, Netherlands 1995 – 1996 Head of Supply Chain Consultancy, Shell International, Netherlands 1992 – 1995 Senior Staff Planner for the Upstream Operations divisions, Shell International Petroleum, Netherlands 1990 – 1992 Group Human Resources, Director Health, Safety, Environment and Security, and Public Affairs, Colas Holding (Shell subsidiary) , United Kingdom 1986 – 1990 Personnel Manager, Shell Gabon 1985 – 1986 Head of Employee Relations Manufacturing, U.K. 1983 – 1985 Regional Personnel Relations Advisor, Shell U.K. 1981 – 1983 Employee Relations Advisor, Shell U.K.’s Teesport refinery 1979 – 1981 Assistant to the Group Personnel Director, V-Group Shipping Management, Monaco 1976 – 1979 Personnel Assistant, Shell Chemicals U.K. Memberships Council Member, British Swiss Chamber of Commerce Advisory Board Member of EMSHRM 2009 at Bocconi University, Italy Board memberships Non Executive Director, Harman International Industries, U.S. Chairman of the Board, ABB India Chairman of the Board, ABB Sweden

Organization Position Status
ABB Ltd. Executive Vice President, HR Current
Harman International Industries, Incorporated Board of Directors Current
ABB Ltd. Head, HR Former

Organization Position Status
Carlson Companies Inc. Director Current
Harman International Industries, Incorporated Board of Directors Current

Hellene Runtagh was formerly President and CEO of Berwind Group, a diverse company with global businesses in pharmaceutical services, life science automation, industrial manufacturing, real estate, and natural resources. Prior to joining Berwind in 2001, Hellene was with Universal Studios where she last served as Executive Vice President. In this role, Hellene was responsible for the Studio, Consumer Products, Interactive Games, Information Technology, Online Operations, and Universal's retail operations. Previously, Hellene spent 25 years at General Electric where she served as President and CEO of GE Information Services, and held general management roles with GE Capital and GE’s software businesses. Prior to that, she held numerous leadership positions including international operations, marketing and manufacturing for multiple high technology GE businesses. Hellene received a BA in Liberal Arts from Pennsylvania State University, where she was honored in June 2001 as a Distinguished Alumni. Hellene is also currently a Director on the boards of two other publicly traded companies - Lincoln Electric Co. and NeuStar Inc. She is a Board member of the College of Charleston Foundation and serves on the Liberal Arts Council of Pennsylvania State University.

Organization Position Status
Lincoln Electric Holdings, Inc. Chair Current
Harman International Industries, Incorporated Board of Directors Current
NeuStar, Inc. Board of Directors Current
GE Information Services CEO Former
GE Information Services President Former
Universal Studios Former

Kenneth M. Reiss spent his professional accounting career with Ernst & Young, LLP until he retired in June 2003. While at Ernst & Young he served as Managing Partner for the Assurance and Advisory Practice (AABS) for E&Y’s New York Office. He also served as the National Director of AABS for the Retail and Consumer Products Industry, National Director of the Media and Entertainment Practice, Chair of the firm’s Service Delivery Committee and Member of the Multi-National Partners Group. Ken also served as Coordinating Partner on significant global clients, including Staples, Inc., Toys “R” Us, Inc., Grey Global Group, Columbia Pictures and Phillips-Van Heusen Corporation. In this capacity as Coordinating Partner on global accounts, Ken has led teams of up to 100 partners and over 500 engagement personnel. He currently serves as a director and audit committee chairman of Eddie Bauer Holdings, Inc and The Wet Seal, Inc. Mr. Reiss received a Bachelor of Arts degree in 1964 from Bates College and an MBA from Rutgers School of Business in 1965.

Organization Position Status
The Wet Seal, Inc. Director Current
Eddie Bauer Holdings, Inc. Director Current
Harman International Industries, Incorporated Board of Directors Current
Assurance Ltd Former
Guitar Center, Inc. Director Former
Bates College Bachelor of Arts Degree In Economics Former
Seal.Com member Former

Rajat Kumar Gupta is the Senior Partner Emeritus of McKinsey & Company. He joined the Firm's New York Office in 1973, assumed leadership of its Scandinavian Offices in 1981, and Chicago Office in 1989. Mr. Gupta served as the Managing Director Worldwide of McKinsey from 1994 to 2003. In his 34 year career in consulting, Mr. Gupta has served many leading companies on a broad set of topics related to strategy, organization and operations. He has played a thought leadership role in organizational thinking throughout his career, and led the Organization Practice for the Firm. Mr. Gupta is very active in many non-profit institutions focused on education, health and development. He served as the United Nations Secretary-General’s Special Advisor on UN Reform, is an independent Director of Goldman Sachs, Procter & Gamble, AMR Corporation, Qatar Financial Centre, and is the Chairman of the Board of Genpact and New Silk Route Private Equity. He is also on the Board of Rockefeller Foundation and recently elected a Member of the Supervisory Board of Sberbank. In addition, Mr. Gupta contributes to the work of a host of organizations including: Education: ?? Chairman of the Board of the Indian School of Business ?? Chairman of Pan IIT Alumni Association ?? Board of Associates of the Harvard Business School ?? Advisory Board, Kellogg School of Management ?? Dean’s Advisory Board, School of Economics and Management, Tsinghua University ?? Yale President’s Council ?? Board of Business Higher Education Forum (BHEF) Health: ?? Chairman of the Board of the Global Fund for AIDS, Tuberculosis and Malaria ?? Chairman of the Public Health Foundation of India (PHFI) ?? Board of Overseers of the Weill Cornell Medical College ?? Chairman of Avahan the India AIDS Initiative of The Gates Foundation ?? Dean’s Council, Harvard School of Public Health Global Development & Trade ?? Chairman of the Advisory Board of the Bill & Melinda Gates Foundation ?? Co-Chair of the American India Foundation (AIF) ?? Board of Pratham India Education Initiative ?? Foundation Board of the World Economic Forum ?? Board of the Millennium Promise ?? Vice Chairman of International Chamber of Commerce Mr. Gupta holds a bachelor of technology degree in mechanical engineering from the Indian Institute of Technology, and an M.B.A. from Harvard Business School.

Organization Position Status
McKinsey & Company, Inc. Senior Partner Current
University of Chicago Trustee Current
Telesoft Partners Senior Advisor Current
Wharton School, University of Pennsylvania Board of Governors Current
Scandent Solutions Corporation Limited Current
Genpact Ltd. Chairman Current
Kelley School of Business Bloomington Chairman of the Board Current
Goldman, Sachs & Co. Director Current
Novitaz, Inc. Board of Directors Current
Qatar Financial Center Director Current
Omnicapital Group LLC Board of Directors Current
Harman International Industries, Incorporated Board of Directors Current
Kellogg School of Management at Northwestern University Advisory Board Current
The Goldman Sachs Group, Inc. Board of Directors Current
American Airlines, Inc. Board of Directors Current
AMR Corporation Board of Directors Current
Procter & Gamble Board of Directors Current
Symphony Technology Group Board of Directors Current
International Partnership for Microbicides Board of Directors Current
Udita Board of Directors Current
McKinsey & Company, Inc. Worldwide Managing Director Former
Yale University School of Medicine Former
Harvard Business School Chairman Former
Harvard Business School M.B.A Former
Indian Institute of Technology Bachelor of Technology Degree In Mechanical Engineering Former
Indian Institute of Technology Degree in Mechanical Engineering Former
Harvard University Former

Organization Position Status
Harman International Industries, Incorporated Board of Directors Current

Executive News

  • Ten Minutes That Mattered: Dinesh Paliwal

    Forbes.com - 9/03/09 - View Story

  • Harman International Sharpens Focus at Berlin Consumer Electronics Show

    Business Wire - 9/03/09 - View Story

  • Harman International Sharpens Focus at Berlin Consumer Electronics Show

    Business Wire - 9/03/09 - View Story

  • Harman International Sharpens Focus at Berlin Consumer Electronics Show

    Business Wire - 9/03/09 - View Story

  • Harman International Industries Inc. F4Q09 (Qtr End 06/30/09) Earnings Call Transcript

    Seeking Alpha - 8/21/09 - View Story

  • Harman International Swings To 4Q Loss On Higher Charges, Lower Revenue

    Morningstar.com - 8/19/09 - View Story

  • Harman International Reports Fourth Quarter and Fiscal Year 2009 Results

    RBC Dain Raushcer - 8/19/09 - View Story

  • Harman International Reports Fourth Quarter and Fiscal Year 2009

    Business Wire via MSN Money - 8/19/09 - View Story

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     HAR $39.10 +0.22 (0.57% )
Average Volume 1,353,830
Shares Outstanding 69.36M
Market Cap 2.7B
Year High 40.33
Year Low 9.17
Earnings Per Share -7.73
P/E Ratio -5.06
Dividend 0.05
Yield 0.13
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