Summary
L3Harris Technologies, Inc. (LHX) filed an 8-K on June 29, 2021, to report a planned leadership transition. Effective June 29, 2021, Christopher E. Kubasik has succeeded William M. Brown as Chief Executive Officer (CEO). Mr. Brown will continue to serve as Executive Chair of the Board. This transition is consistent with the company's merger agreement and employment arrangements established at the time of the L3Harris merger in 2019. Mr. Kubasik's new role as Vice Chair, President, and CEO marks a significant step in the company's succession plan, with Mr. Brown transitioning to Executive Chair and subsequently to the role of Chair by June 2022. The filing also incorporates by reference information regarding Mr. Kubasik's employment arrangements and confirms that his appointment aligns with the pre-defined governance terms. There are no undisclosed arrangements, family relationships, or related party transactions impacting Mr. Kubasik's new role. The company also issued a press release on the same date, unanimously re-affirmed by its Board of Directors, to announce this completed CEO transition.
Key Highlights
- 1Christopher E. Kubasik officially assumed the role of Chief Executive Officer (CEO) on June 29, 2021, succeeding William M. Brown.
- 2William M. Brown transitioned from CEO to Executive Chair of the Board, continuing his leadership role within the company.
- 3This CEO transition was pre-planned and aligned with the company's merger agreement and executive employment arrangements dating back to the 2019 merger.
- 4The Board of Directors unanimously re-affirmed this leadership change, indicating strong governance and support for the succession plan.
- 5Mr. Kubasik's title is now Vice Chair, President, and Chief Executive Officer; he will no longer serve as Chief Operating Officer.
- 6The filing confirms no new undisclosed arrangements, family relationships, or related party transactions concerning Mr. Kubasik's appointment.