After about 14 years at the head of Texas Instruments, CEO Rich Templeton is stepping down. The company has named 22-year veteran of TI Brian Crutcher, who currently serves as COO, as his successor, effective June 1.
TI announced the news Thursday. Templeton will continue to serve as the company’s chairman after the transition is complete. The transition follows Crutcher’s promotion to senior vice president in 2010, executive vice president in 2014, chief operating officer in 2017, and his election to the board in July.
“This is an exciting time to lead TI. I am honored to succeed Rich, whose leadership and vision have made our company stronger today than ever, and provides a solid foundation to build upon,” Crutcher said in a release. “Our semiconductors are inside tens of thousands of different types of electronics. We have the right products, analog and embedded; are focused on the right markets, industrial and automotive; and remain committed to helping our customers find new ways to solve problems. I am energized by the opportunities we have ahead of us and look forward to working with TIers around the world to continue making TI a better supplier, employer and investment.”
Crutcher joined TI after earning his electrical engineering degree from the University of Central Florida and MBA from the University of California, Irvine. As COO and EVP, he was charged with TI’s business operations, global manufacturing, worldwide sales and applications, IT services, and Kilby Lab research center.
“Brian is an exceptional leader who inspires others and delivers great results,” Templeton said in a release. “His disciplined focus on our business, manufacturing and sales channels has heightened the value we offer customers and the return we provide shareholders. TI operations and people are well guided by his experience and intelligence.”
Templeton became president and CEO of TI in May 2004, after serving as chief operating officer for about four years, and as executive vice president and president of TI’s semiconductor business for about eight years. He joined TI in 1980 straight out of Union College in New York. Templeton not only has served as an important leader for TI, but has pushed public issues to advance the technology industry, innovation, and STEM education. During his tenure, TI and the TI Foundation have invested $150 million over the last five years for global STEM educational programs.