MELBOURNE, Fla.–(BUSINESS WIRE)–L3Harris Technologies (NYSE: LHX) has appointed Michelle Turner as senior vice president and chief financial officer (CFO), reporting to vice president and general manager Christopher E. Kubasik, effective immediately. Turner succeeds Jay Malave, who has elected to pursue career opportunities outside of L3Harris.
Turner, 48, is an experienced finance executive with a proven track record of delivering profitable growth, including significant experience within the defense industry. She joins L3Harris from Johnson & Johnson, where she led finance for the company’s supply chain function, developing strategies to drive financial and cash performance. Prior to Johnson & Johnson, Turner spent nearly 10 years at Raytheon, including serving as Chief Financial Officer of the Raytheon Space & Airborne Systems business. His additional experience includes financial leadership roles at BHP Billiton and Honeywell International.
“I am delighted to welcome Michelle to the L3Harris team. Her extensive financial experience and knowledge of the defense industry, coupled with her ability to drive operational performance, will position us well to build on the solid foundation that we established,” Kubasik said.
“On behalf of the company, I thank Jay for his significant contributions to L3Harris over the past two and a half years,” he added. “We wish him success in his future endeavours.”
As Chief Financial Officer, Turner will lead L3Harris’ finance function with overall responsibility for accounting and controls, internal audit, financial planning and analysis, investor relations, tax and cash. She will play a pivotal role in defining financial strategies to drive L3Harris’ growth, as well as shaping the ongoing transformation of the business.
“It is an honor to join the L3Harris team, and I am thrilled at the opportunity to contribute to the mission of protecting our nation and its allies,” said Turner. “I look forward to partnering with the men and women who make L3Harris a best-in-class company with a rich history and an even brighter future.”
Malave’s personal decision to leave was not prompted by a disagreement with management or the company’s financial reporting or accounting practices, procedures or decisions. The company will release its fiscal 2021 results on Jan. 31 and file its Form 10-K consistent with previous years.
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About L3Harris Technologies
L3Harris Technologies is an agile global innovator in aerospace and defense technologies, delivering end-to-end solutions that meet critical customer needs. The company provides advanced defense and commercial technologies in the space, air, land, maritime and cyber domains. L3Harris has annual revenue of approximately $18 billion and 47,000 employees, with customers in more than 100 countries. L3Harris.com.
This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates regarding future performance and economic conditions. These statements are made on the basis of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statement is subject to risks and uncertainties that may cause actual results and future trends to differ materially from those expressed or implied by such forward-looking statements. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.