- After around 13 years on the job
- Laud and praise for March
- Rafael Lizardi takes over
(management-change.com) — Dallas, Texas, December 01, 2016 — Kevin March, finance chief of Texas Instruments, leaves. As announced by Texas Instruments Incorporated in a news release on Thursday, December 01, 2016, Kevin March leaves the post as Chief Financial Officer at the semiconductor design and manufacturing company in a surprising move after around 13 years on the job, effective February 01, 2017.
It is the end of an era.
March leaves the company effective in October 2017.
March’s duties are taken over by Rafael Lizardi, currently corporate controller at Texas Instruments Incorporated.
No reason given
In the announcement, Texas Instruments did not explicitly explain the reason for March’s move, leaving room for speculation.
Texas Instruments said: “March plans to retire in October 2017 and between now and then will oversee the transition of duties between himself and Lizardi.”
Precise information about the future plans of March was not immediately available.
Share price rise since October 2012
The change follows a rise in the share price of Texas Instruments Incorporated since October 2012.
Chaired by Richard K. Templeton
Texas Instruments Incorporated is chaired by Richard K. Templeton.
Templeton has been Chairman of the board since April 2008.
On the job as CFO since 2003
March was named senior vice president and chief financial officer of Texas Instruments in October 2003.
He joined Texas Instruments in 1984 as part of the company’s finance development program.
During his TI career, he has held numerous assignments in finance, operations, marketing, and general business management across TI’s corporate and business operations, including a wide range of TI’s Semiconductor businesses as well as its former defense business.
March has served as director of finance and controller for several of TI’s Semiconductor businesses and for TI’s analog European operations.
He was named vice president and financial planning manager for TI’s global operations in 1997, and controller for the company in 2002.
He earned a bachelor of science degree in 1983 in economics and business, and a master’s degree in 1984 in business administration with concentrations in finance and accounting, both from the University of Pittsburgh.
March serves as a member of the Conference Board’s Council of Financial Executives and Financial Executives International, and is the treasurer of the Texas Instruments Foundation.
Read the full story in the management-change.com report 45.2016 ($).