Summary
L3Harris Technologies, Inc. (LHX) announced on February 24, 2023, a significant update to its Board of Directors. The company has increased the authorized number of directors from fourteen to fifteen and elected General Edward A. Rice, Jr. (Ret.) to fill the newly created vacancy. General Rice, a decorated 35-year veteran of the U.S. Air Force, brings extensive leadership and operational experience to the Board, having most recently commanded the Air Education and Training Command. This appointment is effective immediately and General Rice will serve until the Company's 2023 Annual Meeting of Shareholders. He has not been assigned to any Board committees at this time. The addition of General Rice is expected to enhance the Board's strategic oversight, particularly given his background in complex military operations and command, which may offer valuable insights into the defense and technology sectors in which L3Harris operates.
Key Highlights
- 1L3Harris Technologies has expanded its Board of Directors from 14 to 15 members.
- 2General Edward A. Rice, Jr. (Ret.) has been elected as a new director to the Board.
- 3General Rice is a 35-year U.S. Air Force veteran, with his last role being commander of Air Education and Training Command.
- 4His appointment is effective February 23, 2023, and will last until the 2023 Annual Meeting of Shareholders.
- 5General Rice was not appointed to any Board committees upon his election.
- 6The company issued a press release on February 24, 2023, to announce this board change.