2 weeks ago

L3Harris names Sam Mehta CEO after ousting Christopher Kubasik

L3Harris names Sam Mehta CEO after ousting Christopher Kubasik
Who is Sam Mehta? L3Harris names replacement for ousted CEO Christopher Kubasik · livemint.com

A big company that makes defense equipment, called L3Harris, has a new boss.

The old boss, Christopher Kubasik, had to leave because he did something that went against the company's rules.

A group inside the company looked into his behavior and found it was not okay.

The new boss is Sam Mehta, who has worked in the aerospace and defense business for more than 25 years.

He joined L3Harris in 2023 and led the parts of the company that make most of its money.

The company also picked Lewis Hay III to lead its board of directors.

When people heard the news, the company's stock price went down a little bit.

The company says the old boss's exit had nothing to do with money problems or how the company was doing.

Sam Mehta used to work at a helicopter company called Sikorsky and other big companies.

Now he will lead L3Harris into the future.

Key facts

Company
L3Harris Technologies
Outgoing CEO
Christopher Kubasik (65)
Incoming CEO
Sam Mehta (53)
New Board Chairman
Lewis Hay III
Share Reaction
Down 2.5% in early Monday trading
Mehta's Experience
More than 25 years in aerospace and defence
Kubasik's Tenure
Joined L3 Technologies in 2015; CEO since 2021
Aerojet Rocketdyne Deal
Acquired for $4.7 billion in 2023

Sources

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