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00:02L3 Harris Technologies ousted CEO Chris Kubasik after an investigation found conduct that was
00:09inconsistent with the company's values. According to CNBC, shares fell 4% following the news.
00:16The defense contractor appointed Sam Mehta as CEO and president and named lead independent
00:21director Louis Hay III as independent chairman. L3, Harris said, Kubasik's departure was unrelated
00:28to financial reporting, controls, customer relationships, or operational performance.
00:33Kubasik denied violating company policy or providing grounds for termination for cause,
00:38but agreed to resolve matters related to his departure.
00:41For all things money, visit Benzinga.com.
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