Dallas-based Texas Instruments has selected a 24-year veteran as its new president and CEO.
Haviv Ilan will take on the new role on April 1, succeeding Rich Templeton, who is stepping down after an 18-year tenure running the company credited with starting the microchip revolution. Templeton will remain chairman.
Ilan was previously promoted to senior vice president in 2014, executive vice president and chief operating officer in 2020 and elected to the board of directors in 2021. He joined TI in 1999 when it acquired Butterfly, a wireless start-up company in Israel.
“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,” Templeton said in a statement.
Pam Patsley, TI’s lead director, said in a statement that Ilan is “well-known to the board” and that this was “a thoughtful and well-planned transition.”
