Richard Kevin Templeton (born 1958) is an American electrical engineer and business executive. He is currently the

chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

and former

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Texas Instruments Texas Instruments Incorporated (TI) is an American multinational semiconductor company headquartered in Dallas, Texas. It is one of the top 10 semiconductor companies worldwide based on sales volume. The company's focus is on developing analog ...

Education

Templeton attended

Union College Union College is a Private university, private liberal arts college in Schenectady, New York, United States. Founded in 1795, it was the first institution of higher learning chartered by the New York State Board of Regents, and second in the s ...

Schenectady Schenectady ( ) is a City (New York), city in Schenectady County, New York, United States, of which it is the county seat. As of the United States Census 2020, 2020 census, the city's population of 67,047 made it the state's ninth-most populo ...

, New York from which he graduated in 1980 with a BSc in electrical engineering.

Career

After graduation, Templeton immediately joined Texas Instruments (TI) where he held a variety of positions. In 1996, he began leading TI's semiconductor business, then served as COO, from April 2000 to April 2004. In May 2004, Templeton was named CEO and, in April 2008, succeeded future

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chairman Tom Engibous as chairman of the Texas instruments board. Templeton is credited by the company with helping define and implement a strategy that is focused on semiconductors for signal processing. While CEO of Texas Instruments in 2008, Templeton earned a total compensation of $9,623,590, which included a base salary of $960,780, a cash bonus of $1,564,853, stocks granted of $4,468,500, and options granted of $2,397,600. Templeton led TI's

United Way United Way is an international network of over 1,800 local nonprofit organization, nonprofit fundraising affiliates. Prior to 2015, United Way was the largest nonprofit organization in the United States by donations from the public. Individual Un ...

campaign and has also chaired the Metropolitan Dallas United Way campaign. In 2012, he received the Robert N. Noyce Award from SIA for contributions to technology or public policy. During a 2015 speaker series at the

University of Texas at Austin The University of Texas at Austin (UT Austin, UT, or Texas) is a public university, public research university in Austin, Texas, United States. Founded in 1883, it is the flagship institution of the University of Texas System. With 53,082 stud ...

McCombs School of Business McCombs is a surname. Notable people with the surname include: * Cal McCombs (b. 1945), American football player and coach * Cass McCombs (b. 1977), American musician * Davis McCombs (b. 1969), American poet * Doug McCombs (b. 1962), America ...

, Templeton discussed his workplace mandate to create an environment where employees feel engaged in work, and participate in community projects, including local

STEM Stem or STEM most commonly refers to: * Plant stem, a structural axis of a vascular plant * Stem group * Science, technology, engineering, and mathematics Stem or STEM can also refer to: Language and writing * Word stem, part of a word respon ...

programs funded by TI. In 2018, Templeton resigned as CEO, though soon resumed the role when his successor resigned, remaining chair throughout the transitions. His annual base salary from 2017 of $1.19 million was then increased to $1.25 million, with stock options unchanged from the previous year, noted as $11 million in equity compensation, while he owned 333,615 shares of stock and 609,392 in restricted stock units. In 2019, Templeton was ranked 49th by ''

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'' among "America's Most Innovative Leaders". In January 2023, Texas Instruments announced Templeton will step down on April 1, to be replaced by its chief operating officer Haviv Ilan. Templeton will remain as chairman of the board. Under his leadership since May 2004, Texas Instruments stock grew 581%, outperforming the

VanEck VanEck is a global investment management firm headquartered in New York City. The firm is primarily engaged in issuing exchange-traded fund (ETF) products although it also deals with mutual funds and separately managed accounts for institutiona ...

Semiconductor ETF

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, which has risen 549%.

Boards and affiliations

Templeton is a member of the

Business Roundtable The Business Roundtable (BRT) is a nonprofit lobbyist association based in Washington, D.C. whose members are chief executive officers of major U.S. companies. Unlike the United States Chamber of Commerce, whose members are entire businesses, ...

, and serves on the board of directors of the

Semiconductor Industry Association The Semiconductor Industry Association (SIA) is a trade association and lobbying group founded in 1977 that represents the United States semiconductor industry. It is located in Washington, D.C. About The Semiconductor Industry Association (SI ...

(SIA). He is a trustee of

Southern Methodist University Southern Methodist University (SMU) is a Private university, private research university in Dallas, Texas, United States, with a satellite campus in Taos County, New Mexico. SMU was founded on April 17, 1911, by the Methodist Episcopal Church, ...

and of the Southwestern Medical Foundation.

Personal life

Templeton married Mary Haanen, whom he met while both were students at Union College; they live in

Parker, Texas Parker is a city in Collin County, Texas, United States. The population was 5,462 in 2020. History The first settlers arrived in the area that is now Parker in the early 1840s. The town was named after William C. Parker, the son of the area's f ...

with their three children. The family is also affiliated with John Paul II High School in Plano,

Ursuline Academy of Dallas Ursuline Academy of Dallas (commonly referred to as Ursuline or UA) is a Catholic college preparatory school for girls located on Walnut Hill Lane, in the area around Preston Hollow in Dallas, Texas, USA. It is not a member of the Roman Catho ...

, Trinity University in San Antonio and

Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...

. In 2020, the Templetons donated $51 million to their alma mater, its largest gift in the 225-year history of

, to create the Templeton Institute for Engineering and Computer Science, to help promote

science, technology, engineering and mathematics Science, technology, engineering, and mathematics (STEM) is an umbrella term used to group together the distinct but related technical disciplines of science, technology, engineering, and mathematics. The term is typically used in the context of ...

(STEM) education, and to recruit women to engineering and computer science degree programs.

References

Living people People from Parker, Texas People from Dallas American manufacturing businesspeople American information technology businesspeople Union College (New York) alumni American technology chief executives American chief operating officers Year of birth missing (living people) {{US-CEO-stub