Texas Instruments CEO Ousted for Code of Conduct Breach
- Predecessor Rich Templeton to return to job permanently
- Crutcher is third chip-industry leader sacked in two months
This article is for subscribers only.
Texas Instruments Inc. said Chief Executive Officer Brian Crutcher resigned after less than two months in the job, citing violations of the chipmaker’s code of conduct. His predecessor, Rich Templeton, will resume the role on a permanent basis.
“The violations are related to personal behavior that is not consistent with our ethics and core values, but not related to company strategy, operations or financial reporting,” the company said Tuesday in a statement, without elaborating. Shares of Dallas-based Texas Instruments fell 2.3 percent in extended trading.