Harris Corporation (NYSE:HRS) today announced that it will reorganize its business segments to increase operational efficiency and capture synergies that result from Harris' recent acquisition of Exelis.
"We combined Harris' and Exelis' top talent and technology to create four market-focused segments aligned with Harris' strategic growth platforms," said William M. Brown, chairman, president and chief executive officer. "Our new structure will help us improve our competitive position, increase efficiency, and capture synergies, while we continue to bring innovative and affordable solutions to our customers."
Effective the beginning of fiscal 2016, July 4, the company will be organized in the following four business segments:
In addition, Sheldon Fox has been named Senior Vice President, Integration and Engineering for the company. Fox, formerly President of Harris' Government Communications Systems segment, has been leading the acquisition integration effort. Also, Dana Mehnert, formerly President of Harris' RF Communications segment, has been named Senior Vice President, Chief Global Business Development Officer. Mehnert will have responsibility for driving topline growth, leveraging complementary channels, and capturing large multi-year opportunities. Both of these positions will report to Brown.
"Our new leadership team has extensive industry experience, a proven track record and a deep commitment to meeting customer expectations," Brown added.
Source: Harris Corporation (NYSE: HRS)
Date: Jul 1, 2015