The chairman, president, and CEO of Texas Instruments is Rich Templeton, also called Rich in the industry. In May 2004, he was named president and chief executive officer, and in April 2008, he was named board chairman. Since July 2003, he has been a member of the board of directors for the business.
Templeton served as the company’s chief operating officer from April 2000 to April 2004. From June 1996 to April 2004, he held the positions of executive vice president of the company and president of TI’s Semiconductor division.
Templeton is credited with aiding in formulating and implementing TI’s strategy to concentrate on signal-processing semiconductors. He led the business during this transformation in terms of operations. Later, when he became CEO, he continued to reshape the business, concentrating resources on Analog and Embedded Processing growth opportunities while shifting our Wireless business to the smartphone market.
To better serve our customers, he has increased the size of our sales and applications engineering team while maintaining the company’s strategic investments in R&D and manufacturing. As a result, TI has grown stronger under his leadership with improved technological and product positions in each of these core businesses.
Templeton joined the business in 1980 after graduating from Union College in New York with a bachelor of science in electrical engineering. He worked in the company’s Semiconductor division throughout his operational career, starting in sales and ultimately rising to the president of the entire division.
From 2007 to 2009, he ranked first on Institutional Investor’s list of the nation’s top three semiconductor CEOs. In addition to his responsibilities at TI, Templeton is a member of the boards of the Semiconductor Industry Association, Catalyst, Southern Methodist University, and the Southwestern Medical Foundation. Additionally, he participates in the Dallas CEO Roundtable and the Business Roundtable.
Net Worth And Salary Of Richard Templeton
Richard Templeton, the chairman of Texas Instruments Inc., is thought to have a net worth of about $703.03 million currently. Richard Templeton owns about 410,787 shares of common stock in Texas Instruments Inc. Richard Templeton has sold products at Texas Instruments Inc. worth an estimated $623.48M over the past 19 years.
Richard Templeton earns a total base salary of $1,336,667 as chairman of Texas Instruments Inc. After being appointed Chairman in 2020, Richard Templeton received payments totaling about $19,056,652 per year. Their compensation consisted of $6,500,027 in stock awards, $6,500,015 in option awards, $4,012,333 in other earnings, plans, or compensations, $199,431 in a change in pension value, and $508,179 in other compensation.
On April 26, 2011, Richard Templeton received his most significant order of 835,000 units, totaling more than $23.14 million. On February 5, 2021, Richard Templeton received his most significant sale order of 337,500 units, worth over $57.93M. Richard Templeton has worked for Texas Instruments Inc. for 19 years and has completed about 51 transactions. On February 2, 2022, a sale order for 33,469 units totaling more than $5.94M was made.
Brief Trivia About Templeton’s Personal Life
Richard Templeton met Mary Haanen while they were both students at Union College, and they later married. They have three kids and reside in Parker, Texas. The family also ties to Trinity University in San Antonio, Southern Methodist University in Dallas, Ursuline Academy of Dallas, and John Paul II High School in Plano.
The Templetons gave their alma mater Union College $51 million in 2020—the most significant gift in the 225-year history of the institution—to establish the Templeton Institute for Engineering and Computer Science, support STEM education, and attract more women to engineering and computer science degree programs.