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UPDATE 3-Texas Instruments CEO resigns on code of conduct violation [Reuters]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: Reuters
Texas Instruments CEO resigns on code of conduct violation | Reuters 4 Min Read (Reuters) - Texas Instruments Inc ( TXN.O ) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker’s code on personal behavior. The company’s shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales that beat estimates. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments said in a statement. The company said Crutcher’s violation was unrelated to the company’s “strategy, operations or financial reporting.” Texas Instruments would not comment beyond its statement. In a video address to employees that was posted on the company’s website, Templeton said the board received a report that led to the resi Show less Read more
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