A Conversation with Union Alumni Leading Fortune 500 Companies
Rich Templeton is chairman, president and chief executive officer of Texas Instruments. He was a 1980 electrical engineering graduate of Union College, and credits the technical and problem-solving training inherent in his education with his ability to successfully guide the almost 90-year-old TI to focus on semiconductor innovations in analog and embedded processing technologies, with a focus on industrial and automotive systems, which are prolific in our world today.
TI’s achievements under Rich’s leadership as CEO include:
- Annual operating profit has more than tripled from 2004 to 2018;
- A business model that puts TI among the S&P 500’s top cash generators and returners;
- 15 years of consecutive dividend increases, with the quarterly dividend increasing over 3,000%; and
- A stock price that has more than tripled.
Additionally, Rich has been listed as a top CEO in Institutional Investor’s Best Semiconductor CEOs in America for several years, including 2019.
Rich has shown he understands that success is measured by more than a profit statement, demonstrating daily that the company’s values are foundational to how TI conducts business and its long term success. Personally and professionally, he has put an emphasis on public issues to advance science and math education. The company’s focus on these two things has yielded impressive results, including:
- TI has been ranked as one of the World’s Most Ethical companies for the past 13 consecutive years.
- TI has invested more than $150 million in the last five years in global education programs, including K-12 STEM teaching effectiveness and student achievement. In the U.S., these efforts are directed toward increasing skills among under-resourced communities and under-represented minority students and girls.
The industry has taken note of Templeton’s commitment and passion to STEM education, and in 2012, he received the Semiconductor Industry Association’s highest award, citing his service as a “vigorous advocate for science, technology, engineering and math education.”
Rich serves on the board of the Semiconductor Industry Association, Southern Methodist University and Southwestern Medical Foundation. He personally leads TI’s annual United Way campaign year after year, raising more than $8 million in 2018. Reaching beyond the walls of TI, Rich served as chairman of the 2012-2013 United Way of Metropolitan Dallas campaign, which raised more than $62 million, a new record at the time. He and his wife, Mary, are continuing the tradition by co-chairing the 2018 – 2019 United Way of Metropolitan Dallas campaign, this time with an emphasis on getting the next generation engaged in volunteerism and charitable giving.