L3Harris Ousts CEO Kubasik, Names Mehta; Stock Drops
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- L3Harris ousted CEO Kubasik over a conduct breach following an internal investigation into his behavior, per Reuters and WSJ.
- L3Harris named insider Mehta as Kubasik's replacement, with Barron's reporting the stock dropped on the announcement.
Why it matters: L3Harris, a major defense contractor, ousted CEO Kubasik over a personal conduct breach and named insider Mehta as replacement. Barron's reports the stock dropped on the announcement, marking an abrupt leadership change without a normal transition runway.
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