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L3Harris Replaces CEO Christopher Kubasik After Code of Conduct Probe

L3Harris Technologies logoL3Harris Technologies
Sig3.19Sen-5.04Env0.00Soc-3.76Gov-6.54

L3Harris Technologies removed Christopher Kubasik as chairman and chief executive after an investigation found he violated the company’s code of conduct, though it did not disclose when it received notice of the potential issue. The board, with independent counsel, said the change was in the company’s best interest. Kubasik keeps vested stock options but receives no severance or accelerated awards, and Sam Mehta became CEO with Lewis Hay III moving to chairman.

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