TI names President and CEO Haviv Ilan as chairman of the board

Rhea-AI Summary

Texas Instruments (Nasdaq: TXN) announced that President and CEO Haviv Ilan has been elected chairman of the board effective January 2026. Ilan succeeds Rich Templeton, who will retire at the end of 2025 after a 45-year career at the company. Ilan has served on TI's board since 2021, been CEO since 2023, and previously served as COO with a 26-year history in TI leadership roles across analog and embedded processing.

The board described the move as a planned leadership transition and expressed confidence in Ilan's strategic and operational track record to continue the company's long-term strategy and competitive positioning.

Positive

• Chairman start date set for January 2026
• Internal succession to CEO Haviv Ilan (board member since 2021)
• Continuity: CEO and chairman roles held by same executive supports unified strategy

Negative

• Loss of long-tenured chair: Rich Templeton retires end of 2025 after 45 years

Insights

Corporate governance analyst

CEO Haviv Ilan will add the chairman role in a planned leadership transition effective January 2026.

Texas Instruments moves to consolidate its chief executive and board chair roles by elevating Haviv Ilan to chairman while Rich Templeton retires at the end of 2025.

The change follows Ilan's board membership since 2021 and his service as president and CEO since 2023, with prior operational roles across TI during a 26-year career. This succession preserves leadership continuity and keeps strategic control within existing management.

Key dependencies and risks include the board's ability to maintain independent oversight with the CEO also serving as chair and the operational continuity after Rich Templeton's retirement. Watch governance statements and any updates to the lead director's responsibilities for signs the board will protect independent oversight; monitor such disclosures over the next 3–6 months.

DALLAS, Oct. 16, 2025 /PRNewswire/ -- Texas Instruments Incorporated (TI) (Nasdaq: TXN) today announced that its board of directors has elected President and Chief Executive Officer Haviv Ilan to take on the additional role as chairman, beginning January 2026. Ilan succeeds Rich Templeton, who will retire at the end of 2025 after a 45-year career with the company.

Ilan has been a member of the board of directors since 2021 and TI's president and CEO since 2023. Prior to that, he was chief operating officer and held senior leadership positions across TI's analog and embedded processing businesses during his 26-year career at the company.

"Rich leaves an incredible legacy at TI and across the semiconductor industry. He has been a transformative leader, and we are grateful for Rich's vision, passion and wisdom that shaped TI to become the great company that it is today," said Janet Clark, lead director of the TI board and chair of the audit committee. "This is a well-planned transition, and TI is in excellent shape operationally, financially and strategically. Haviv's appointment to chairman reflects his strong track record as a strategic and operational leader and the board's confidence that he is the right person to further strengthen the company for the long term."

"On behalf of our entire company, I want to thank Rich for his steadfast dedication and contributions to TI," said Ilan. "Rich has been instrumental in driving TI's success, and his leadership will have an enduring impact on our company. He inspired a generation of leaders, and I'm honored to carry his legacy forward as we continue to execute our strategy, strengthen our competitive advantages and generate long-term value."

For biographical information, see the following links:

• Haviv Ilan
• Rich Templeton

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, enterprise systems and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

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SOURCE Texas Instruments Incorporated

FAQ

When will Haviv Ilan become chairman of Texas Instruments (TXN)?

Haviv Ilan will assume the additional role of chairman beginning January 2026.

Who is replacing Rich Templeton as chairman of TXN and when does he retire?

President and CEO Haviv Ilan will replace Rich Templeton, who retires at the end of 2025.

How long has Haviv Ilan served at Texas Instruments before becoming chairman (TXN)?

Ilan has held senior leadership roles across TI, served as COO, been at the company for 26 years, joined the board in 2021, and became CEO in 2023.

Does the TXN board describe the leadership change as planned or abrupt?

The board described the transition as a well-planned leadership transition and cited confidence in Ilan.

What immediate governance change will occur at Texas Instruments (TXN)?

The immediate change is that the current CEO, Haviv Ilan, will take on the additional chairman role starting January 2026.