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L3Harris CEO Chris Kubasik ousted over conduct violation, forfeits $45M

By PulseAugur Editorial · [1 sources] ·

L3Harris Technologies has ousted its CEO Chris Kubasik following a board investigation into a violation of the company's code of conduct. While the specifics of the violation were not disclosed, it did not involve financial reporting or customer relations. Kubasik will forfeit $45 million in equity awards but will retain stock and options valued at approximately $80 million. Sam Mehta has been appointed as the new CEO, and the company reaffirmed its financial guidance despite a slight stock dip following the announcement. AI

RANK_REASON CEO ouster and replacement at a large defense contractor.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

L3Harris CEO Chris Kubasik ousted over conduct violation, forfeits $45M

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Amanda Gerut ·

    Ousted L3Harris CEO Chris Kubasik forfeits $45 million—but he’ll still walk away with $80 million in stock and options

    The ex-CEO was previously forced to resign from Lockheed Martin after a 2012 ethics investigation confirmed he had a personal relationship with a subordinate.

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