Texas Instruments Incorporated (NASDAQ: TXN) announced that Julie Knecht will become chief financial officer effective August 1, 2026, succeeding Rafael Lizardi, who will retire after 25 years with the company.

Lizardi will provide advisory support until August 31, 2026, to facilitate the transition, according to the company statement.

"I want to thank Rafael for his many years of leadership and dedication to TI," said Haviv Ilan, TI's chairman, president and CEO. "His focus on disciplined capital allocation, including our investments in 300mm manufacturing capacity, and commitment to return all free cash flow to shareholders have positioned our company for continued long-term growth and value creation."

Knecht joined Texas Instruments in 1999 and has served as chief accounting officer and vice president of accounting and tax since 2021. Prior to that role, she was vice president of accounting for more than 10 years. She holds a bachelor's degree in accounting from Texas A&M University, a Master of Business Administration from the University of Texas at Austin, and is a licensed certified public accountant.

"I am honored to be appointed as the company's next CFO," Knecht said. "Having been part of this company for more than 25 years, I appreciate TI's high-performance culture and long-standing commitment to technology leadership."

The Dallas-based semiconductor company designs, manufactures and sells analog and embedded processing chips for industrial, automotive, data center, personal electronics and communications equipment markets.

Texas Instruments plans to announce its second quarter 2026 financial results and hold a conference call on July 22, 2026, at 3:30 p.m. Central time.