L3Harris Ousts CEO Kubasik Over Conduct
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- L3Harris ousted CEO Kubasik following an internal investigation into his conduct, with Reuters characterizing the departure as stemming from a "conduct breach".
- L3Harris named insider Mehta as Kubasik's replacement, and Barron's reported the stock dropped following the announcement.
Why it matters: L3Harris abruptly removed its CEO over a conduct breach rather than performance, installing an insider as replacement in a sudden transition. Barron's flagged an immediate stock decline on the news, signaling investor unease with the unforced leadership change at a major publicly traded company.
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