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L3Harris CEO steps down after conduct investigation
13wham.com • • general
Key Points:
- L3Harris Technologies announced that Chairman and CEO Christopher Kubasik has stepped down following an investigation into conduct inconsistent with the company's values.
- The company stated the conduct was unrelated to financial reporting, controls, customer relationships, or operational performance.
- After an investigation with independent counsel, the board decided to separate from Kubasik, who also resigned from the board.
- Sam Mehta was appointed president and CEO and joined the board, while Lewis Hay III became the independent chairman.
- These leadership changes took effect immediately.
