Summary
L3Harris Technologies (LHX) filed an 8-K on January 20, 2003, to announce a significant leadership change. Howard L. Lance has been appointed as the new President and Chief Executive Officer, effective February 1, 2003. This transition marks a pivotal moment for the company as it navigates its future under new leadership. Mr. Lance's appointment is accompanied by his election to the Board of Directors, underscoring his integral role in the company's strategic direction. Phillip W. Farmer, the outgoing President and CEO, will continue with Harris Corporation as Chairman of the Board until the end of June 2003, ensuring a smooth handover and continuity. The filing includes an Exhibit 99.1, which is the press release detailing these announcements, and Exhibit 99.2, the Executive Employment Agreement for Mr. Lance, providing transparency on the terms of his new role.
Key Highlights
- 1Howard L. Lance appointed President and CEO of Harris Corporation, effective February 1, 2003.
- 2Howard L. Lance elected to the Board of Directors.
- 3Phillip W. Farmer to remain as Chairman of the Board until the end of June 2003.
- 4The filing includes the press release (Exhibit 99.1) announcing these leadership changes.
- 5An Executive Employment Agreement for Howard L. Lance is filed as Exhibit 99.2.