TI Foundation Announces New President

DALLAS (August 18, 2003) - The Texas Instruments Foundation has announced the appointment of Jack E. Swindle as president, replacing Liston Michael Rice Jr. who will retire and move to the role of chairman emeritus.

“Mike’s contributions and leadership to the Foundation are too great to be measured. He was the driving force behind many of TI’s flagship accomplishments including the early childhood model that is now a nationwide template for reading success,” said Tom Engibous, TI president, chairman and CEO and member of the TI Foundation board. “By combining the legacy that Mike leaves with Jack’s experience and abilities, we are assuring the continued presence and leadership of the TI Foundation.”

Mr. Swindle had a 40-year career with TI and retired in 2001 as a senior vice president. During that time, he was an active member of the community holding various board positions. In particular, Mr. Swindle has been an avid participant in education initiatives including the Mi Escuelita board of directors and workforce committees of the Texas Higher Education Coordinating Board, Greater Dallas Chamber of Commerce and North Texas Commission.

Mr. Swindle was commissioned as a member of the Texas Science and Technology Council in 1998 by then Governor George Bush. He served for two years. He is a graduate of Southern Methodist University with bachelor’s and master’s degrees in Industrial Engineering.

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The Texas Instruments Foundation, founded in 1964, is a non-profit corporation providing philanthropic support for educational and charitable purposes primarily in the communities where Texas Instruments has a presence. With a primary focus of education, the Foundation has a national reputation for its role in fostering early childhood programs involving several university partnerships. More information can be found at http://www.ti.com/tifoundation.