L3Harris CEO ousted for relationship with subordinate
Semafor • • business
Key Points:
- L3Harris CEO Chris Kubasik was ousted by the board following an independent investigation that found he engaged in an inappropriate relationship with an employee.
- The probe, conducted by the company's outside law firm, concluded recently and revealed conduct inconsistent with L3Harris's code of conduct.
- Kubasik had a prior similar incident in 2012 at Lockheed Martin, where he was fired for a personal relationship with a subordinate, before joining L3 and eventually becoming CEO of L3Harris.
- L3Harris's shares dropped 3% after the news of Kubasik's departure became public.
- The company and Kubasik have not provided further comments on the matter.
