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TIAA conducts annual membership meeting
TI Alumni Association members convened for the ninth annual business meeting on Wednesday, May
21,
2008 at the Old Red Courthouse in
Dallas.
Max Post presented the nominating committee report, and the
slate of officers was elected by acclamation:
President - Ronnie Brandenburg
Executive VP - Tom Boedecker
Secretary - Ellen McKee
Treasurer - Larry James
Ronnie Brandenburg succeeds Lewis McMahan at the TIAA helm. Lewis
recognized the other outgoing elected officers, who are Francisco
Escobar, executive vice president; Janelle Richards, secretary; and Tom
Boedecker, treasurer.
About 100 TIAA members and guests attended the meeting and took
advantage of the opportunity to tour the restored 1890 courthouse and
visit the Old Red Museum of Dallas County History and Culture.
Outlook for TI
John Van Scoter, Texas Instruments senior vice president and general
manager of DLP® Products, discussed TI financial objectives and the
direction, product-wise, in which TI is going.
“We are innovators committed to delivering great solutions that solve
our customers problems so they can invent new electronics to make the
world smarter, healthier, safer and more fun,” he said.
He showed a slide from the 2008 financial analysts meeting that says TI
aims to grow revenue faster than its markets, grow earnings per share
faster than revenue and use capital efficiently.
The speaker described TI-developed DLP® display technology, which uses
an optical semiconductor to manipulate light digitally. DLP® technology
delivers the best quality image for high-definition TVs; projectors for
business, home and education; and large venue and Digital Cinema.
DLP® technology is being used in different and innovative ways in
medical applications and the oil and gas industry. With the development
of very small (Pico) projector modules, TI sees DLP® markets emerging
for toys and gaming. The speaker showed a Pico projector module smaller
than the palm of a person’s hand.
State of TIAA
Lewis said TIAA’s mission is to provide a link between TI and former TI
employees that fosters communications, programs, services and activities
about and of interest to former TIers around the world. He said, “We
want to embrace all former TIers.”
TIAA gained nearly 300 new members in 2007. The current membership is
almost 3,000, including spousal members. About 62 percent live within
one hour from Dallas. (See Media sidebar to view presentation, State
of TIAA.)
In the last year, TIAA focused on improving communications. Jon Campbell
spearheaded redesign of the TIAA newsletter for first class mailing to
get faster delivery. Jon also initiated an email newsletter.
TIAA conducted a survey of former TIers and also did benchmarking with
other large U.S. companies having retiree groups. Survey results show
Dallas is the hub of TIAA, but other locations want more attention. TIAA
offerings seen as most valuable are information about what TI is doing,
updates about benefits and the newsletter.
Lewis said TIAA continues to focus on doing a great job with major
annual events – the former TIer luncheon, charity golf tournament and
annual meeting. Additionally, TIAA is developing new leadership and
expanding volunteer activities.
Tribute to Lewis McMahan
John Van Scoter read a letter from Rich Templeton, TI president and CEO,
commending Lewis McMahan for his leadership as TIAA president for the
last two years. (See Media sidebar, Letter from Rich Templeton.)
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