L3Harris CEO Kubasic resigns immediately after conduct review

1. 1L3Harris Technologies (LHX) CEO Christopher Kubasic steps down immediately after conduct review; shares fall about 2.7% in premarket
2. 2Board immediately appoints Sam Melta as president and CEO, and names Lewis Hay III as independent chairman
3. 3Company says Kubasic's conduct was inconsistent with its code of ethics values but unrelated to financial reporting, internal controls, customers, or results

Source The Wall Street Journal +7 · View original ↗

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