Ceo Journal

Texas Instruments Inc.’s ouster of its newly promoted chief executive officer over his personal conduct was a rare foray into the spotlight for one of the most low-key companies in technology, demonstrating the increased scrutiny on leaders in all industries. The Dallas-based chipmaker, which has focused on the esoteric but profitable world of analog semiconductors, concentrates its communications on areas like cash returns to investors and its capital management strategy. Following the surprise scandal surrounding code-of-conduct violations by Brian Crutcher, who took over June 1, the company’s answer was to go back to what works -- it permanently reinstated his predecessor, Rich Templeton, who held the job for more than 13 years. Shares slipped less than 2 percent in extended trading as Templeton’s return assuaged concerns about a disruption to the company’s business. The board acted after receiving a report on Crutcher’s behavior, Templeton said in an internal ...

Texas Instruments CEO resigns due to violations of company's code of conduct from CNBC . Texas Instruments said Tuesday that CEO Brian Crutcher resigned for violating the company's code of conduct related to personal behavior. TI did not specify exactly what Crutcher did that violated company policies. He had been at the company for more than two decades before assuming the role of CEO. The company also said Chairman Richard Templeton will reassume the roles of president and CEO. TI said that Templeton's appointment is "not temporary, and the board is not searching for a replacement." Shares of Texas Instruments fell about 2 percent in after-hours trade Tuesday. The stock has climbed more than 10 percent so far this year. Separately, the company reported adjusted second-quarter earnings of $1.37 a share on $4.02 billion in revenue. Texas Instruments is scheduled to post full financial results on July 24. Read the announcement below: Te...