Date: 22/01/2018

Victor Peng to be the CEO of Xilinx and Brian Crutcher for TI

To update you on new CEO appointments, there are two announcements, one from Xilinx and other from Texas Instruments.

Xilinx appointed Victor Peng as president and chief executive officer, effective January 29, 2018. Peng will become the fourth CEO in Xilinx’s history and takes the helm of the global market leader of programmable semiconductor products at a time of increasing momentum and opportunity.

"Victor is unique in his ability to translate vision and strategy into world-class execution and has an incredible ability to inspire and lead transformation. He has been the architect of Xilinx’s innovations for the past decade and will move the company forward with the speed required to capitalize on the opportunities in front of us," said Dennis Segers, chairman of the board of Xilinx. "Victor is a proven leader with exceptional business acumen and a deep, unwavering dedication to customers. The BOD is thrilled to appoint Victor CEO as the company enters its next chapter of expanded innovation and growth.”

“I’m honored to have been chosen to lead Xilinx at such a dynamic time in our industry," said Peng. "The world of technology is changing rapidly, and I plan to architect Xilinx to take advantage of where I see the greatest opportunities for transformational growth. Xilinx is in a rare position of strength and is poised to capitalize on the next shift in computing. By focusing on delivering unique value to new areas as well as our traditional markets, I plan to accelerate the company’s growth and create the next wave of shareholder value.”

Before joining Xilinx in 2008, Peng served as corporate vice president of the graphics products group (GPG) silicon engineering at AMD, where he also served as a key leader in AMD's central silicon engineering team supporting graphics, console game products, CPU chipset and consumer business units. Peng earned a bachelor’s in electrical engineering from Rensselaer Polytechnic Institute, and a master’s in electrical engineering from Cornell University.

Peng, 57, succeeds Moshe Gavrielov, 63, who will step down as CEO and from the board of directors on January 28, as part of a previously announced CEO succession plan.

The older and also broad product band chip maker Texas Instruments has named Brian Crutcher as next president and chief executive officer (CEO), effective June 1. Mr. Crutcher to replace present president and CEO, Rich Templeton, who will remain as company's chairman.

"Brian is an exceptional leader who inspires others and delivers great results," Templeton said. "His disciplined focus on our business, manufacturing and sales channels has heightened the value we offer customers and the return we provide shareholders. TI operations and people are well guided by his experience and intelligence."

"This is an exciting time to lead TI. I am honored to succeed Rich, whose leadership and vision have made our company stronger today than ever, and provides a solid foundation to build upon," said Crutcher. "Our semiconductors are inside tens of thousands of different types of electronics. We have the right products, analog and embedded; are focused on the right markets, industrial and automotive; and remain committed to helping our customers find new ways to solve problems. I am energized by the opportunities we have ahead of us and look forward to working with TIers around the world to continue making TI a better supplier, employer and investment."