
The defense contractor's board removed Christopher Kubasik and elevated Sam Mehta, who oversaw segments accounting for 80% of company revenue
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The defense contractor's board removed Christopher Kubasik and elevated Sam Mehta, who oversaw segments accounting for 80% of company revenue

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L3Harris Technologies, the company that overhauled a Qatari plane now used as Air Force One, has replaced Christopher Kubasik as chairman and chief executive after an investigation determined he violated the defense contractor’s code of conduct. Kubasik’s alleged conduct didn’t involve and has no impact on the Melbourne, Fla., company’s financial reporting, controls, customer relationships or operational performance, L3Harris said Monday. Explanation: The company didn’t give details on when it received a report of the potential violation.

It’s always noteworthy when a CEO of a multibillion-dollar company agrees to resign without severance and other perks. L3Harris only said that an investigation found the CEO had violated the company’s code of conduct and that his alleged behavior wouldn’t impact the company’s financial performance, business relationships and operations. The company may have reasons to stay silent, but the secrecy could also be a bad sign—if it continues and if the company doesn’t discuss Kubasik’s actions even with its employees, according to Guido Palazzo, a professor at Switzerland’s Université de Lausanne and co-author of last year’s book “The Dark Pattern: The Hidden Dynamics of Corporate Scandals.”

The trajectory of L3Harris’s Christopher Kubasik highlights a familiar pattern: CEOs accused of misconduct often go on to nab top jobs elsewhere.

WHATS NEWS BUSINESS FINANCE L3Harris Technologies, the contractor that overhauled a Qatari jet for use as Air Force One, replaced Christopher Kubasik as chairman and CEO after an investigation found that he violated the company’s code of conduct.
The defense contractor preserved guidance, but investors punished the surprise leadership break.

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The defense contractor that overhauled the Qatar-donated jet to be Air Force One has replaced Christopher Kubasik.

L3Harris on Monday replaced Chairman, CEO Christopher Kubasik over conduct concerns following investigation. LHX stock falls.
Investing.com -- L3Harris Technologies shares fell roughly 2.7% in premarket trading Monday after the defense contractor announced the immediate departure of CEO Christopher Kubasik following a conduct review.

L3Harris Technologies has parted ways with Christopher Kubasik, its chairman and chief executive, after determining that the executive had violated the defense contractor’s code of conduct.
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