Ilan to take over as CEO at Texas Instruments
Haviv Ilan is to take over as president and chief executive officer (CEO) of Texas Instruments from April 1. He replaces president and CEO, Rich Templeton, who will remain chairman of the board.
Haviv, currently chief operating officer, is a 24-year veteran of TI. He took over as COO in 2020 after a turbulent period. Brian Crutcher resigned as CEO shortly after being appointed in 2018 as a result of violations of the company’s code of conduct.
The violations were related to personal behaviour that were not consistent with TI’s ethics and core values, but not related to company strategy, operations or financial reporting, said the company at the time. Templeton returned as CEO to steady the company.
Ilan joined TI in 1999 through the acquisition of Butterfly, a wireless start-up company in Israel. TI says the transition is a well-planned succession that follows Haviv’s promotion to senior vice president in 2014, executive vice president and chief operating officer in 2020, and election to the board of directors in 2021.
He faces a global downturn coupled with key shortages in key components and four new wafer fabs coming online now and in the next few years.
“Haviv is an inspiring leader who is widely respected amongst our customers, employees and shareholders,” said Templeton. “He has a proven track record of delivering results, an intense focus on innovation and a passion to win, all of which make him an exceptional leader. The board and I are confident that Haviv is the right person to serve as TI’s next CEO and further strengthen the company for the long term.”
“I am honoured to lead TI during this amazing time for our company and our industry,” said Ilan. “The combination of our broad portfolio of products, strong foundation of manufacturing and technology, reach of market channels and diverse and long-lived positions all put TI in a unique class of companies. Our ambitions and values will continue to be integral to how we build TI stronger and when we are successful, our employees, customers, communities and shareholders all benefit.”
“I have had the privilege of working closely with Rich throughout my time at TI. He’s transformed the company into what it is today, and he’s led with an unwavering commitment to TI and our people,” he said. “I look forward to continuing to work with him as chairman.”
Templeton’s 18 years at TI included the acquisition of National Semiconductor and the successful wind down of the company’s wireless operations, which led TI to become a global leader in analog and embedded processing. He also strengthened research and development, expand manufacturing and build closer direct customer relationships with a focus on more inhouse manufacturing fapacity rather than a ‘fab lite’ strategy.
Capacity building
The company is building two new fabs in Sherman, Texas that will come online in 2025. Its latest 300mm wafer fab in Lehi, Utah, LFAB, started production for analog and embedded products in December roughly one year after the purchase of the fab from Micron. This was the second 300-mm fab to start semiconductor production in 2022 after RFAB2 in Richardson, Texas, began initial production in September 2022.
“TI’s strategy, operations and financial discipline set the company apart from others in the industry. The company is well-positioned for growth thanks to Rich’s vision and leadership during his 18-year tenure as CEO. Rich transformed the company by reshaping the focus to analog and embedded processing,” said Pam Patsley, lead director of the TI board and chair of the compensation committee. “He leaves an incredible legacy at TI and across the industry, and we look forward to continuing to benefit from his leadership and insights as executive chairman.”
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