Richard K. Templeton, best known as Rich Templeton, is an American electrical engineer and business executive. He is

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

and

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Texas Instruments Texas Instruments Incorporated (TI) is an American technology company headquartered in Dallas, Texas, that designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globall ...

Education

Templeton attended

Union College Union College is a private liberal arts college in Schenectady, New York. Founded in 1795, it was the first institution of higher learning chartered by the New York State Board of Regents, and second in the state of New York, after Columbia Co ...

Schenectady Schenectady () is a city in Schenectady County, New York, United States, of which it is the county seat. As of the 2020 census, the city's population of 67,047 made it the state's ninth-largest city by population. The city is in eastern New Y ...

, New York from which he graduated in 1980 with a BSc in electrical engineering.

Career

After graduation, Templeton immediately joined Texas Instruments (TI) where he held a variety of positions. In 1996, he began leading TI's semiconductor business, then served as

COO COO or coo may refer to: Business * Certificate of origin, used in international trade * Chief operating officer or chief operations officer, high-ranking corporate official * Concept of operations, used in Systems Engineering Management Process ...

, from April 2000 to April 2004. In May 2004, Templeton was named CEO and, in April 2008, succeeded future

JC Penney Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is a midscale American department store chain operating 667 stores across 49 U.S. states and Puerto Rico. Departments inside JCPenney stores include Mens, Womens, Boys, Gir ...

chairman Tom Engibous as chairman of the Texas instruments board. Templeton is credited by the company with helping define and implement a strategy that is focused on semiconductors for signal processing. While CEO of Texas Instruments in 2008, Templeton earned a total compensation of $9,623,590, which included a base salary of $960,780, a cash bonus of $1,564,853, stocks granted of $4,468,500, and options granted of $2,397,600. Templeton led TI's United Way campaign and has also chaired the Metropolitan Dallas United Way campaign. In 2012, he received the Robert N. Noyce Award from SIA for contributions to technology or public policy. During a 2015 speaker series at the

University of Texas at Austin The University of Texas at Austin (UT Austin, UT, or Texas) is a public research university in Austin, Texas. It was founded in 1883 and is the oldest institution in the University of Texas System. With 40,916 undergraduate students, 11,075 ...

McCombs School of Business The McCombs School of Business (McCombs School or McCombs) is a business school at The University of Texas at Austin, a public research university in Austin, Texas. In addition to the main campus in Downtown Austin, McCombs offers classes outside ...

, Templeton discussed his workplace mandate to create an environment where employees feel engaged in work, and participate in community projects, including local

STEM Stem or STEM may refer to: Plant structures * Plant stem, a plant's aboveground axis, made of vascular tissue, off which leaves and flowers hang * Stipe (botany), a stalk to support some other structure * Stipe (mycology), the stem of a mushro ...

programs funded by TI. In 2018, Templeton resigned as CEO, though soon resumed the role when his successor resigned, remaining chair throughout the transitions. His annual base salary from 2017 of $1.19 million was then increased to $1.25 million, with stock options unchanged from the previous year, noted as $11 million in equity compensation, while he owned 333,615 shares of stock and 609,392 in restricted stock units. In 2019, Templeton was ranked 49th by '' Forbes Magazine'' among "America's Most Innovative Leaders".

Boards and affiliations

Templeton is a member of the

Business Roundtable The Business Roundtable (BRT) is a nonprofit lobbyist association based in Washington, D.C. whose members are chief executive officers of major United States companies. Unlike the U.S. Chamber of Commerce, whose members are entire businesses, BRT ...

, and serves on the board of directors of the

Semiconductor Industry Association The Semiconductor Industry Association (SIA) is a trade association and lobbying group founded in 1977 that represents the United States semiconductor industry. It is located in Washington, D.C. One of the main achievements of the SIA was the cr ...

(SIA). He is a trustee of

Southern Methodist University , mottoeng = "The truth will make you free" , established = , type = Private research university , accreditation = SACS , academic_affiliations = , religious_affiliation = United Methodist Church , president = R. Gerald Turner , prov ...

and of the Southwestern Medical Foundation.

Personal life

Templeton married Mary Haanen, whom he met while both were students at Union College; they live in Parker, Texas with their three children. The family is also affiliated with John Paul II High School in Plano,

Ursuline Academy of Dallas , motto_translation = I will serve , location = , streetaddress = 4900 Walnut Hill Lane , city = Dallas , state = Texas , county = (Dallas County) , zipcode = 75229 , country ...

, Trinity University in San Antonio and

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

. In 2020, the Templetons donated $51 million to their alma mater, its largest gift in the 225-year history of

, to create the Templeton Institute for Engineering and Computer Science, to help promote science, technology, engineering and mathematics (STEM) education, and to recruit women to engineering and computer science degree programs.

References

Living people People from Parker, Texas People from Dallas American manufacturing businesspeople Businesspeople in information technology Union College (New York) alumni American technology chief executives American chief operating officers Year of birth missing (living people) {{US-CEO-stub