Summary
L3Harris Technologies, Inc. (LHX) filed an 8-K on July 26, 2012, to report a significant executive change. Jeffrey S. Shuman, Senior Vice President, Chief Human Resources and Administrative Officer, has departed the company to pursue other opportunities. While Mr. Shuman will officially resign, he is expected to remain with the company in a non-executive capacity until August 31, 2012, to facilitate a smooth transition of his responsibilities. During this period, he will continue to receive his current salary and benefits.
Key Highlights
- 1Departure of Senior Vice President, Chief Human Resources and Administrative Officer, Jeffrey S. Shuman.
- 2Mr. Shuman will transition to a non-executive role until August 31, 2012.
- 3The company aims for a smooth handover of HR and administrative duties.
- 4Mr. Shuman will continue to receive salary and benefits during the transition period.
- 5Discussions for a mutual separation arrangement are anticipated.
- 6The filing indicates a planned leadership change within a key corporate function.