Wednesday, January 16, 2008

TI Chairman Tom Engibous to Retire in April

Thomas J. Engibous, Chairman of the Board of Texas Instruments, will retire following the company's 2008 stockholders meeting on April 17. 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 CEO.

Since 1996, when Engibous became CEO, the value of the company's share price has increased almost 5X. Engibous, who turns 55 in January, joined the company in 1976 after graduating from Purdue University. He was named president of the company's semiconductor group in 1993, a member of the board of directors in 1996, president and CEO in 1996, and chairman in 1998.\

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