Summary
L3Harris Technologies, Inc. (LHX) filed an 8-K report on August 17, 2021, to announce a key executive change. Effective August 13, 2021, Ms. Corliss J. Montesi was appointed as the new Vice President and Principal Accounting Officer, succeeding Mr. Todd A. Taylor. Mr. Taylor is leaving his role but will remain available for a transition period, and there are no reported disagreements concerning financial matters. Ms. Montesi brings extensive financial leadership experience from her previous roles at Stanley Black and Decker and United Technologies Corporation, including Corporate Controller and Global Director of Internal Audit. Her appointment includes an annual base salary of $415,000 and a short-term incentive target of 60% of her base salary. Investors can view this as a normal course of business for executive transitions, with a seasoned professional taking over a critical financial reporting role.
Key Highlights
- 1Appointment of Corliss J. Montesi as Vice President and Principal Accounting Officer, effective August 13, 2021.
- 2Ms. Montesi succeeds Mr. Todd A. Taylor, who will assist with the transition.
- 3No disagreements reported between the Company and the departing Principal Accounting Officer.
- 4Ms. Montesi possesses substantial financial expertise from prior roles at Stanley Black and Decker and United Technologies Corporation.
- 5Ms. Montesi's compensation includes an annual base salary of $415,000 and a short-term incentive target of 60% of base salary.
- 6Ms. Montesi's appointment involved no undisclosed arrangements, family relationships with other executives, or reportable related-person transactions.