Harman Creates New Executive Role
Harman Professional recently announced the creation of a new senior executive position, appointing Jim H. Huang to the role of head of corporate development. Huang is now responsible for driving growth strategies, including market analysis, merger and acquisition activities, and emerging market initiatives.
Jim H. Huang
Huang will also work with David Jin and M. Lakshminarayan, China and India country managers, and with Charles Own, vice president of corporate strategy, to dovetail Harman Professional strategies with the Harman corporate strategy, according to the company.
"Harman Professional is now well positioned to grow our business globally by providing our existing customers with new products and new customers with Harman's offering of performance, integration, and value," said MacDonald in a statement. "With strong product development programs delivering compelling innovations, our step-change cost-saving initiative returning strong efficiencies, and the global economy showing positive indicators, we believe the opportunity is ripe for Harman Professional to grow market share in developed markets and provide strong value in emerging markets. I am confident that Jim Huang is just the person to help us achieve that growth.
Huang has more than 10 years of professional consulting experience. Before joining Harman, Huang was a lead engagement manager in the transaction advisory practice of Ernst & Young, with experience in more than 40 M&A transactions with total value in excess of $15 billion, according to the company. Huang has supported strategic and private equity buyers in a wide variety of industries, including retail, consumer products, construction, high technology, media, entertainment, restaurants, pharmaceuticals, communications, manufacturing, business services, sport franchise, and staffing/professional services. He has also supported the divestiture of several public and private companies, including pre-sale due diligence, seller due diligence, and reverse due diligence.