HARMAN Appoints Mohit Parasher President of Professional Solutions Division

STAMFORD, Conn.–(BUSINESS WIRE)–HARMAN
International Industries
, Incorporated (NYSE:HAR), the premier
connected technologies company for automotive, consumer and enterprise
markets, today named Mohit Parasher, 47, as Executive Vice President and
President, Professional Solutions, effective immediately. Parasher was
previously Vice President and General Manager for HARMAN’s Consumer
Audio and Professional Solutions businesses in Asia Pacific. He joins
the HARMAN Executive Committee and reports to Dinesh C. Paliwal,
Chairman, President and Chief Executive Officer of HARMAN.


Parasher succeeds Blake Augsburger, who will remain with HARMAN for a
short transition period and plans to retire from the field of
professional audio to pursue other business interests.

“Mohit has consistently demonstrated outstanding leadership and success
in general management, sales, marketing and channel management,
achieving rapid growth for HARMAN’s audio brands and Professional
Solutions in Asia Pacific,” said Paliwal. “In addition to his impressive
record at HARMAN, Mohit has more than 20 years of global experience
growing audio, video and systems businesses throughout Asia, the Middle
East, Africa and Europe. A proven transformation architect in the retail
and business-to-business segments, Mohit has the ideal background to
evolve our Professional Solutions division to a holistic solutions-based
organization and capitalize on the tremendous growth opportunities
before us.”

Parasher is responsible for all worldwide operations, strategy and
performance of the Professional Solutions division, the world’s largest
professional audio, lighting, video and control products and systems
organization. The division serves the entertainment and enterprise
markets with comprehensive systems, including enterprise automation and
complete IT solutions for a broad range of applications. He will be
based at the headquarters for Professional Solutions in Northridge,
Calif.

“Blake has been extremely influential in the evolution of HARMAN’s
Professional portfolio, most recently leading the extension of our
capabilities beyond audio and into lighting and enterprise solutions,”
continued Paliwal. “We are grateful for his many contributions to the
success of the company and wish him well in his future endeavors.”

Parasher joined HARMAN in May 2014 as Vice President and General
Manager, Consumer Audio for Asia Pacific. Prior to HARMAN, he was CEO of
Retail at Bharti Airtel, where he conceptualized and successfully
executed the company’s “serve to sell” business philosophy across its
1,200 retail stores. He also served as CEO and Executive Director for
Beetel Teletech, a Bharti enterprise, where he turned the company
profitable in his first three quarters on the job. Parasher enjoyed a
long career with Sony where he managed market development across the
world, including in the UK, Poland, India, Lebanon, Morocco and United
Arab Emirates. In addition, Parasher served on the Supervisory Board of
Sony Germany and the Board of Sony Europe. He earned a Master of
Business Administration from the University of Pune and a Bachelor of
Science from the University of Allahabad. He also received an executive
management education from the UCLA Anderson School of Management.

ABOUT HARMAN
HARMAN (harman.com) designs and engineers
connected products and solutions for automakers, consumers, and
enterprises worldwide, including connected car systems, audio and visual
products, enterprise automation solutions; and connected services. With
leading brands including AKG®, Harman Kardon®, Infinity®, JBL®,
Lexicon®, Mark Levinson® and Revel®, HARMAN is admired by audiophiles,
musicians and the entertainment venues where they perform around the
world. More than 25 million automobiles on the road today are equipped
with HARMAN audio and connected car systems. The Company’s software
services power billions of mobile devices and systems that are
connected, integrated and secure across all platforms, from work and
home to car and mobile. HARMAN has a workforce of approximately 29,000
people across the Americas, Europe, and Asia and reported sales of $6.7
billion during the 12 months ended March 31, 2016. The Company’s shares
are traded on the New York Stock Exchange under the symbol NYSE:HAR.

HAR-C

© 2016 HARMAN International Industries, Incorporated. All rights
reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson are
trademarks of HARMAN International Industries, Incorporated, registered
in the United States and/or other countries. AKG is a trademark of AKG
Acoustics GmbH, registered in the United States and/or other countries.
Features, specifications and appearance are subject to change without
notice.

Contacts

HARMAN International Industries
Darrin Shewchuk, +1 203-328-3500
Senior
Director, Corporate Communications
darrin.shewchuk@harman.com