Texas Instruments Inc. announced Thursday that Thomas Engibous will step down as president and chief executive officer in May.Semiconductor maker Texas Instruments Inc. announced Thursday that Thomas J. Engibous will step down as president and
chief executive of the Dallas-based company on May 1. He will be replaced by chief operating officer
Richard K. Templeton.
In the planned transition, Engibous, 50, will remain chairman.
Templeton, 45, has been with TI for 23 years and has served as chief operating officer since April 2000. He joined the company's board of directors last year.
"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 in a statement issued by the company.
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