DALLAS, Feb 18, 2010 /PRNewswire via COMTEX News Network/ -- Texas Instruments (TI) (NYSE: TXN) today announced that Ralph W. Babb, Jr., chairman and chief executive officer of Comerica Incorporated and Comerica Bank, has been elected to TI’s board of directors, effective March 15.
"We are extremely pleased to welcome Ralph to our board," said Rich Templeton, TI’s chairman, president and CEO. "His strategic counsel, financial expertise and customer focus will make him a valuable addition."
Mr. Babb, 61, has more than 30 years of banking experience. He joined Comerica in 1995 as executive vice president and chief financial officer. He became vice chairman in 1999, responsible for a number of business units. In January 2002, Mr. Babb was named president and chief executive officer, adding the title chairman later that same year. He completed his service as chief financial officer in April 2002. From 1978 to 1995, he worked at Mercantile Bancorporation Inc., where he was named treasurer in 1979, chief financial officer in 1983 and vice chairman in 1987. Prior to joining the banking industry, Mr. Babb worked at Peat Marwick Mitchell & Co. for seven years, where his last position was audit manager.
"Ralph has built his business on understanding the importance of customer relationships, focus and change - elements that are fundamental to the strategy and culture of TI. He will be an excellent asset to the workings of the board," said Ruth Simmons, chair of the board’s governance and shareholder relations committee.
About Texas Instruments
Texas Instruments (NYSE: TXN) helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries. For more information, go to www.ti.com.
SOURCE Texas Instruments
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