L3Harris CEO Christopher Kubasik resigns after conduct probe

L3Harris Technologies said Chairman and chief executive Christopher Kubasik will step down following an investigation that determined his conduct did not align with the company’s code of conduct. The review, conducted with independent counsel, was unrelated to financial reporting, internal controls, customer relationships or operational performance. The board concluded that a separation agreement was in the company’s best interest, and Kubasik also vacated his board seat.

Sam Mehta, previously president, was named the new president and chief executive and joined the board, while lead independent director Lewis Hay III was appointed independent chairman. The leadership changes took effect immediately.