#United States #Dallas #CFO Transition #Texas Instruments #Julie Knecht

Texas Instruments Announces Leadership Change in Finance

Dallas, June 2, 2026 – Texas Instruments Incorporated (TI) has officially named Julie Knecht as the new chief financial officer (CFO), effective August 1, 2026. This transition comes as longtime CFO Rafael Lizardi announces his retirement after dedicating 25 years to the company.

Haviv Ilan, TI's chairman, president, and CEO, expressed his gratitude towards Lizardi, highlighting his significant contributions to the organization, especially in disciplined capital allocation and shareholder value creation. Lizardi’s leadership has helped establish the company’s robust financial foundation, including pivotal expansions in manufacturing capacity.

"I want to thank Rafael for his many years of leadership and dedication to TI," said Ilan. "His focus on disciplined capital allocation and commitment to return all free cash flow to shareholders have positioned our company for continued long-term growth and value creation."

The transition symbolizes not only a change in leadership but also a continuation of financial strategy. Knecht has been with Texas Instruments since 1999 and has held numerous roles within the finance sector, most recently serving as the Chief Accounting Officer and Vice President of Accounting and Tax. Her promotion to CFO underscores the company’s approach of nurturing talent from within its ranks.

"We are pleased to promote Julie to CFO from within our finance team. She has a strong track record of financial leadership, strategic planning, and operational excellence," said Ilan.

Knecht expressed her excitement regarding her new position. "I am honored to be appointed as the company's next CFO. I appreciate TI's high-performance culture and long-standing commitment to technology leadership. 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," she stated.

Lizardi will work in an advisory capacity until the end of August 2026, ensuring a smooth transition and continued success for the finance department. He remarked, "It has been a privilege to serve as CFO during a period of substantial growth for TI. I am proud of our efforts to drive sustained value for our shareholders through investments and a relentless focus on free cash flow growth."

Knecht holds a bachelor's degree in accounting from Texas A&M University and an MBA from the University of Texas at Austin. Her extensive experience aligns perfectly with TI's mission to innovate and lead in the semiconductor industry.

On July 22, 2026, Texas Instruments plans to announce its second-quarter financial results in a conference call, further signaling ongoing robust performance in the fast-paced semiconductor market.

About Texas Instruments

Texas Instruments Incorporated is a global leader in semiconductor manufacturing, particularly analog and embedded processing chips that serve a variety of markets including industrial, automotive, and personal electronics. The company remains dedicated to creating affordable electronics through innovative semiconductor technologies, ensuring that each advancement builds upon previous successes.

For more information about Texas Instruments and its innovations, visit TI.com.