Texas Instruments' Templeton to Step Down; Crutcher Promoted
- COO to take over when longtime president, CEO departs June 1
- Templeton led chipmaker to improved profitability, growth
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Texas Instruments Inc. said Rich Templeton is stepping down as president and chief executive officer after more than 13 years at the helm of the company, the world’s largest maker of analog semiconductors. He’ll be replaced by Chief Operating Officer Brian Crutcher.
Templeton, 59, will remain chairman of the Dallas-based chipmaker after handing over his position June 1. Both men have spent more than 20 years at Texas Instruments, one of the companies that spawned the semiconductor industry. Crutcher previously oversaw the company’s main analog businesses.