"Rafael brings discipline, integrity and skill to the role. His years in finance and controller positions for our manufacturing group and our Analog product lines have enabled him to develop in-depth knowledge of our semiconductor operations. As controller for the entire company over the last four years, he has done an excellent job managing financial planning, accounting and business planning at the highest level. Rafael and Kevin have worked together closely for a decade, and they share a commitment to ethical and transparent operations," said Rich Templeton, TI's chairman, president and chief executive officer.
March, 58, joined TI in 1984 after completing his bachelor's degree in economics and master's in business administration at the University of Pittsburgh. He held a number of group controller positions before being named global financial planning manager and vice president in 1997, followed by corporate controller in 2002 and CFO in 2003. During Kevin's tenure as CFO, TI's free cash flow per share has grown an average 13 percent annually and its dividend has increased by a factor of 24.
"Customers, shareholders and employees have all been beneficiaries of Kevin's disciplined financial management and his commitment to ensure that owners of TI shares get a good return on their investment. The company's financial systems and its balance sheet have never been stronger thanks to his oversight," Templeton said.
About Texas Instruments
Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rafael-lizardi-named-next-cfo-of-texas-instruments-current-cfo-kevin-march-to-retire-in-october-2017-300371579.html
SOURCE Texas Instruments Incorporated