 Paliwal was a veteran of the corporate turn-around.During his tenure as president of U.S. operations for ABB, the heavyweight Swiss-based automation provider, the company moved from a money-losing and siloed organization to one with double digit growth, doubled its share price in one year, and saw its bond ratings upgraded by Moody's and Standard & Poors.On July 1, 2008, Sidney Harman was succeeded by Dinesh Paliwal as chairman of the board.