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Texas Instruments Chief Executive Resigns; Conduct Violations Are Cited [The New York Times]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
The newly appointed chief executive of Texas Instruments stepped down Tuesday over what the company said were “violations of the company’s code of conduct.” The executive, Brian Crutcher, also resigned from the company’s board. He had taken the helm at the Dallas-based chip maker in June after 22 years at the company, most recently as chief operating officer. A Texas Instruments spokeswoman declined to provide details of the behavior that led to Mr. Crutcher’s resignation. In a news release late Tuesday, the company said the violations were “related to personal behavior that is not consistent with our ethics and core values, but not related to company strategy, operations or financial reporting.” Mr. Crutcher will be replaced by his predecessor, Rich Templeton, who was chief executive for 14 years and stayed on as the company’s chairman after announcing his retirement in January. The company said that Mr. Templeton, 59, would return as president and chief executive indefinit Show less Read more
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