Haviv Ilan
Also at Texas Instruments Inc
About
This executive has dedicated over 20 years to Texas Instruments, holding multiple critical leadership roles that have shaped the company’s operational and strategic direction. Beginning their journey through various senior positions, they contributed to key initiatives that propelled innovation and operational excellence throughout the organization.
During the tenure as Executive Vice President and Chief Operating Officer from 2020 to 2023, they managed diverse functions including business, sales, technology, and manufacturing, before assuming the role of President and CEO in 2023. Their leadership also extends to a directorship role since 2021, reinforcing a deep commitment to the company’s strategic evolution.
At 56 years old, the executive’s career at Texas Instruments reflects significant industry expertise and dedication to effective leadership in the semiconductor space. Although personal details and educational background are not disclosed, the professional milestones underscore a career built on resilience, strategic insight, and long-term impact on the company’s growth.
$TXN Performance Under Haviv Ilan
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Texas Instruments | Executive Vice President and Chief Operating Officer | 2020–2023 | Responsible for leading TI's business & sales organizations, technology & manufacturing operations, and IT services |
| Texas Instruments | Senior Leadership Roles / Director | Since 2014 (Director since 2021) | Held at a senior level within the company |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,150,000 (annual rate); $1,099,583 (prorated actual received) | Annual; prorated based on CEO service starting April 1, 2023 | Reflects the transition to CEO effective April 1, 2023 |
| Profit Sharing | $219,917 | Single cash payment after the performance year | Determined using TI’s 2023 operating profit margin (41.8% resulting in maximum 20% of base salary) |
| Deferred Compensation - Executive Contributions | $365,479 | Deferred as part of the defined contribution plan | Includes a portion of the 2023 salary and bonus |
| Deferred Compensation - Registrant Contributions | $100,828 | Deferred as company matching contributions | Provided pursuant to the defined contribution plan |
Performance Compensation
Bonus
| Metric | Description | Value | Additional Details |
|---|---|---|---|
| Bonus Amount | Total cash bonus awarded for 2023 performance | $2,500,000 | Determined based on competitive market range for similarly situated CEOs; pro-rated from April 1, 2023 service |
| Evaluation Period | Performance coverage period | 2023 | Assessed based on company performance metrics |
| Adjustment Factor | Reduction due to relative performance | 10% reduction | Reflects TI’s 2023 relative performance results |
| Underlying Performance Metrics | Revenue Growth; Operating Profit Margin; Total Shareholder Return (TSR) | - Revenue Growth: -12.5% <br> - Operating Profit Margin: 41.8% <br> - TSR: 6.4% | Metrics compared against semiconductor peer medians |
| Payment Method | Method of awarding the bonus | Cash | Paid in February 2024; no vesting schedule as it is a cash bonus |
Equity Compensation
| Component | Detail | Value | Additional Details |
|---|---|---|---|
| Grant Date | Date when awards were granted | January 26, 2023 | |
| Grant Date Fair Value | Total fair value of the equity award split equally between stock options and RSUs | $12,000,009 | Equity compensation is divided equally into two parts |
| Stock Options | Shares granted; exercise details and vesting | 129,560 shares; Exercise Price: $174.10 | Vesting: 25% on January 26, 2024 and equal installments on January 26 of 2025, 2026, and 2027 |
| RSUs | Shares granted; vesting schedule | 34,463 shares | Vesting: Full vesting on January 29, 2027 with a four-year cliff |
| Performance Metrics | Specific performance targets attached to equity awards | N/A | Equity awards are time-based with no specific performance metrics or thresholds disclosed |