HARMAN Appoints Frank Sklarsky to Board of DirectorsJune 27, 2012
STAMFORD, CT – Harman International Industries, Incorporated (NYSE: HAR) announced today that Frank Sklarsky has been appointed to serve as a member of the Company’s Board of Directors. Mr. Sklarsky will fill a vacancy on the Board and will serve under this appointment until December 2012, at which time he will stand for reelection to the Board through the Company’s normal process.
Mr. Sklarsky is currently the Chief Financial Officer and Executive Vice President of Tyco International Ltd., a leading global provider of security, fire protection and flow control solutions, with revenues of $17 billion. At Tyco, Mr. Sklarsky has been instrumental in unlocking and creating significant shareholder value. As previously disclosed, after Tyco’s planned separation he has decided to leave Tyco later in the year to pursue other opportunities.
Prior to joining Tyco, he served as Executive Vice President and Chief Financial Officer at Eastman Kodak Company and ConAgra Foods, Inc. Earlier in his career, Mr. Sklarsky spent 20 years with Chrysler in a series of senior financial leadership roles. He also served in other executive finance positions with Dell, Inc. and started his career with Ernst & Young. He earned his MBA from Harvard University and his Bachelor of Science, in Accounting, from Rochester Institute of Technology, where he serves as a member of the Board of Trustees. He is also a certified public accountant.
“We are delighted to welcome Frank Sklarsky to our Board of Directors and look forward to his outstanding contributions,” said Dinesh C. Paliwal, Harman’s Chairman, President and CEO. “Frank’s deep expertise in financial management and strong global perspective will be tremendous assets to our Board.”
HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets — supported by 15 leading brands, including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® and Mark Levinson®. The Company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 13,400 people across the Americas, Europe and Asia, and reported net sales of $4.4 billion for the twelve months ending June 30, 2012. The Company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.
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