Product category: Analogue and Mixed Signal ICs
News Release from: Texas Instruments (April 2001-March 2006)
Edited by the Electronicstalk Editorial Team on 20 January 2004
Templeton named as
next President and CEO
Texas Instruments Chief Executive Officer Thomas J (Tom) Engibous is to withdraw from the roles of President and CEO over the next four months, but will continue as the company's Chairman
The TI board of directors has selected Richard K (Rich) Templeton to become the company's next President and CEO, effective from 1st May 2004. Templeton currently is Chief Operating Officer and a 23-year veteran of TI. The transition is a planned succession that follows Templeton's selection as Chief Operating Officer in 2000 and his election to the board of directors in 2003.
This article was originally published on Electronicstalk on 20 January 2004 at 8.00am (UK)
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'This is an excellent time to transition the jobs of President and CEO to Rich.
The company's momentum is building, the management bench is strong, and the balance sheet is healthier than ever', Engibous said.
'Rich is an exceptional leader of people with strong ethics and keen insight into the needs of our customers'.
'He is an intense competitor with the ability to focus on the right objectives and deliver the right solutions'.
'These traits, combined with the continuity he brings to TI's strategic direction, will take us to the next level'.
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'TI's board of directors has a rigorous succession planning process, and the transition we're announcing today has been several years in the making'.
'As Chairman, I will continue to work for TI's success with an active and independent board that is committed to serving our shareholders, customers and employees', Engibous said.
Engibous, 50, became President and CEO of the company in June 1996, and was named Chairman in 1998.
Under his leadership, TI focused and intensified its work in semiconductors that enable signals such as sound to be electronically processed in real-time.
Known as digital signal processors and analogue semiconductors, these chips are the core of today's fastest-growing electronics equipment, including wireless cell phones, digital cameras and music players, digital television, and WiFi.
'Over the last eight years, Tom and his team have executed what is among the best transformations in corporate history', said Dan Carp, member of TI's board of directors and Chairman of the Board's Governance and Nominating Committee.
'Tom repositioned TI as the leader in semiconductor signal processing, and as a result, the company's value has increased by a factor of five'.
'TI is a far stronger company because of his leadership'.
'At the same time, I couldn't feel better about our new CEO'.
'Tom and Rich have worked side by side for more than a decade to re-shape TI, and the Board has great confidence that Rich will continue to make TI stronger'.
Templeton noted: 'This is an exciting time to lead TI'.
'We are in the early stages of an explosion in new functionality that semiconductors and software are bringing to electronics equipment'.
'We can take more advantage of this than many, thanks to the passion for winning that Tom reignited at TI and the way he's challenged us to put the customer at the centre of our thinking'.
'I look forward to exciting years of innovation and growth'.
Templeton, 45, was raised in upstate New York.
He attended Union College, graduating in 1980 with a bachelor's of science degree in electrical engineering.
Templeton joined TI the same year and steadily moved through the ranks, first in sales and marketing, then as leader of several semiconductor business units, including digital signal processing.
He was named President of TI's Semiconductor Group in 1996.
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