Texas Instruments has announced the resignation of Brian Crutcher as president, CEO and a member of the board of directors less than two months after he took up the positions. Crutcher resigned due to "violations of the company's code of conduct" Texas Instruments said in a statement.
The company added that the violations are related to "personal behavior that is not consistent with TI's ethics and core values, but not related to company strategy, operations or financial reporting."
TI chairman Rich Templeton, who led the company for fourteen years until he stood down as CEO at the end of May 2018, has reassumed the roles of president and CEO on an ongoing indefinite basis and continues as chairman. Templeton's appointment is not temporary and the board is not searching for a replacement.
"I remain dedicated to moving TI forward with an unwavering commitment to operate ethically and conduct ourselves professionally in everything we do," said Templeton, in the statement.
Related links and articles: