Israeli appointed CEO of US chip manufacturer Texas Instruments

Texas Instruments on Thursday announced the appointment of Israeli-American Haviv Ilan as the US chip company’s new CEO.

He will replace the semiconductor manufacturer’s longtime executive Rich Templeton in April after the latter held the post for 18 years.

Ilan, 54, joined the Dallas-based firm in 1999 when it purchased his Israeli tech startup Butterfly. He currently serves as a senior vice president at Texas Instruments, whose chips and technology are used in the production of calculators, aircrafts, cars, cellphones and televisions around the world.

“Haviv is an inspiring leader who is widely respected amongst our customers, employees and shareholders,” Templeton said in a press release announcing the decision. “He has a proven track record of delivering results, an intense focus on innovation and a passion to win, all of which make him an exceptional leader. The board and I are confident that Haviv is the right person to serve as TI’s next CEO and further strengthen the company for the long term.”

“I am honored to lead TI during this amazing time for our company and our industry,” said Ilan in the press release.

“The combination of our broad portfolio of products, strong foundation of manufacturing and technology, reach of market channels and diverse and long-lived positions all put TI in a unique class of companies. Our ambitions and values will continue to be integral to how we build TI stronger and when we are successful, our employees, customers, communities and shareholders all benefit.”