Bangalore: Texas Instruments Incorporated (TI) announced that chairman of the board Thomas J. Engibous will retire following the company’s 2008 stockholders meeting on April 17. His retirement caps a career during which he led the transformation of TI into one of the semiconductor industry’s best-performing and most admired companies. Richard K. Templeton, who has worked side-by-side with Engibous for the last 15 years, will become the company’s new chairman, in addition to his current position as president and chief executive officer.
David L. Boren, speaking on behalf of the board of directors, said, “Tom and Rich have shared a common vision of Texas Instruments as a company committed to integrity, quality and innovation. Both are leaders who drive for results and make a difference, and they along with the people of TI have lifted the company to become one of the most respected in its industry. This is a carefully planned transition that has been in process for a number of years. Rich already has built a great record of leadership and is well-qualified to take this next step as chairman.”
