After almost 19 years as CEO of Texas Instruments Richard “Rich” Templeton will leave his place on April 1 to Haviv Ilan, its current chief operating officer (COO). As specified CNBCthe businessman will nevertheless remain present at the board of directors of the’business.
In a communicated shared on January 19, Texas Instruments evokes for its part a “ well-planned succession “. ” Haviv is an inspirational leader who is widely respected by our customers, employees and shareholders “, commented in particular Richard Templeton. ” He has a proven track record of results, a focus on innovation and a passion to win which makes him an exceptional leader “. The announcement of this decision, which comes after a similar project failed a few years ago, did not have a notable impact on the group’s stock market action, CNBC notes.
A change of CEO aborted in 2018
In detail, Texas Instruments had already announced a first change of CEO in 2018. Also described as a “ well-planned succession At the time, this change at the head of the company then provided for the rise in rank of Brian Crutcher, former COO of the group, and his transition to the post of CEO. A month after its implementation, this transition had however been thwarted by the resignation of Brian Crutcher… forcing Rich Templeton to resume service immediately, and this until now.
Anyway, this new transition should mark, this time for good, the end of a long mandate for Rich Templeton. The interested party took over the reins of Texas Instruments in 2004 to grow its shares by 581% over the 19 years that followed. Haviv Ilan, for his part, joined Texas Instruments in 1999, through the acquisition of his then company: Butterfly VLSI Ltd, an Israeli start-up specializing in wireless technologies. CNBC finally recalls that before occupying the position of COO of Texas Instruments, he passed through the management of the divisions analog signal chain and high-performance analog of the Texas giant.
As CNBC finally points out, at present, the bulk of the group’s income comes precisely from the sale of analog products (including chips that transform signals into data that other chips can then interpret). A market that Haviv Ilan knows more than well with regard to his career. Finally, more than a third of the firm’s income comes from industrial sectors such as energy, health and even defence.
