Texas Instruments said Tuesday James R. Adams will retire as its chairman in the middle of April and TI president Thomas J. Engibous is expected to assume his responsibilities.
Adams, 58, became TI chairman after the death of Jerry R. Junkins, who suffered a fatal heart attack while on business in Germany in late May 1996. Adams joined the TI board in 1989 and stepped out of retirement to become the company's chairman in June 1996. Prior to joining TI's board, Adams was president of Southwest Bell. He will remain TI director and serve on various board committees, according to the Dallas-based company.
Engibous, 45, became TI's president and CEO in June after Junkins' death.
"Jim has been a tremendous help to me and senior management," said Engibous. "As a full-time employee of TI, he has worked side by side with us to accomplish a strategic redirection of the company. His experience, counsel, and outreach to the community have contributed significantly to the realization of the new TI. I'm pleased his contributions to TI will continue as a highly valued member of the board."