Texas Instruments has appointed Julie Knecht as the company’s next chief financial officer, effective August 1. Knecht succeeds Rafael Lizardi, who will retire after 25 years with the company. Lizardi will serve in an advisory role until August 31 to support the transition.
“I want to thank Rafael for his many years of leadership and dedication to TI,” Haviv Ilan, TI’s chairman, president, and CEO, said in a statement. “His focus on disciplined capital allocation, including our investments in 300mm manufacturing capacity, and commitment to return all free cash flow to shareholders have positioned our company for continued long-term growth and value creation.”
Ilan continued, “We’re pleased to promote Julie to CFO from within our finance team. Rafael and Julie have worked together closely for more than a decade, and they share a commitment to financial and operational excellence. She is a demonstrated leader with a strong track record of financial leadership, strategic planning and business acumen, and I am excited to welcome Julie to our leadership team.”
Lizardi said it has been a privilege to serve on TI’s leadership team and dedicate his career to “helping shape TI into the global semiconductor leader it is today” and commented on his goal of delivering value for shareholders.
“I’m proud to have served as CFO during a period when our investments in our business and relentless focus on driving free cash flow per share growth drove sustained value for TI’s shareholders,” Lizardi said.
With her career at Texas Instruments spanning more than 25 years, Knecht has held a number of finance and accounting roles, most recently serving as chief accounting officer and vice president of accounting and tax since 2021. Previously, she was vice president of accounting for more than a decade.
“Having been part of this company for more than 25 years, I appreciate TI’s high-performance culture and long-standing commitment to technology leadership,” Knecht said. “I look forward to building on our success as we continue to execute our strategy and generate long-term value for our customers, employees and shareholders.”
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