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HomeBreaking News: Texas Instruments taps Haviv Ilan as new CEO, company declares dividend

: Texas Instruments taps Haviv Ilan as new CEO, company declares dividend

'Quick read' news summary

Texas Instruments TXN, -1.63% on Thursday said that its board had chosen 24-year company veteran Haviv Ilan as its new chief executive and president, starting April 1. He will replace Rich Templeton, who had been the chipmaker’s CEO for 18 years. Templeton will stay on as the company’s chairman but transition out of the president and CEO roles, the company said. The moves are part of a “well-planned succession” that follows Ilan’s moves up the company’s ranks over the past several years. Texas Instruments’ board also declared a quarterly cash dividend of $1.24. Shares were unchanged after hours.

Texas Instruments TXN, -1.63% on Thursday said that its board had chosen 24-year company veteran Haviv Ilan as its new chief executive and president, starting April 1. Templeton will stay on as the company’s chairman but transition out of the president and CEO roles, the company said. Texas Instruments’ board also declared a quarterly cash dividend of $1.24.

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