Summary
Texas Instruments Inc. (TXN) announced a significant executive leadership change via an 8-K filing on August 17, 2020, related to an event on August 12, 2020. The company's Board of Directors has elected Haviv Ilan as the new Chief Operating Officer (COO), effective August 18, 2020. Mr. Ilan brings extensive experience, having served with TI for 21 years and most recently as Senior Vice President overseeing the signal chain product line within the analog business. His new role as COO will encompass broad operational responsibilities, including business and sales operations, information technology, and global technology and manufacturing operations.
Key Highlights
- 1Haviv Ilan appointed Chief Operating Officer (COO) effective August 18, 2020.
- 2Mr. Ilan has 21 years of experience with Texas Instruments.
- 3His previous role was Senior Vice President, leading the signal chain product line in the analog business.
- 4The COO role will oversee critical functions: business and sales operations, IT, and global manufacturing operations.
- 5Mr. Ilan's annual base salary will be $850,000 in his new role.
- 6Other compensation elements for Mr. Ilan remain unchanged.
Frequently Asked Questions
Haviv Ilan has been appointed as the new Chief Operating Officer (COO) of Texas Instruments Inc.
The appointment of Haviv Ilan as COO is effective August 18, 2020.
Mr. Ilan has a long tenure with Texas Instruments, serving for 21 years. Most recently, he was the Senior Vice President responsible for the company's signal chain product line within its analog business.
As COO, Mr. Ilan will be responsible for all business and sales operations, information technology, and global technology and manufacturing operations.