L3Harris Technologies has parted ways with Christopher Kubasik, its chairman and chief executive, after determining that the executive had violated the defense contractor's code of conduct.

L3Harris on Monday said Kubasik's alleged conduct didn't involve and has no impact on the Melbourne, Fla., company's financial reporting, controls, customer relationships or operational performance.

L3Harris said it has named Sam Mehta as president and CEO, adding that Lewis Hay III, who had been lead independent director, will now serve as chairman.