Key facts
- Julie Knecht named new Chief Financial Officer of Texas Instruments.
- Rafael Lizardi, the current CFO, will retire.
- Knecht will assume the CFO role on August 1.
- Lizardi will transition to an advisory role until August 31.
Texas Instruments announced that Julie Knecht will become its new Chief Financial Officer, effective August 1. Knecht, who currently holds the positions of chief accounting officer and vice president of accounting and tax, will succeed Rafael Lizardi. Lizardi, who has been with the company for 25 years, will retire and transition to an advisory role until August 31 to ensure a smooth handover. Lizardi was credited by CEO Haviv Ilan for steering the company's capital allocation strategy, including investments in 300-millimeter manufacturing capacity and returning free cash flow to shareholders. Knecht joined Texas Instruments in 1999 and has held various finance and accounting roles, including over a decade as vice president of accounting before becoming chief accounting officer in 2021. She expressed appreciation for the company's culture and commitment to technology leadership. Texas Instruments has recently seen increased demand for its analog chips used in AI data centers. The company is scheduled to report its second-quarter results on July 22.