Urgent.News

What's breaking now, across thousands of outlets.

Business

Nvidia board preparing to oust CEO Huang: WSJ

The board is expected to meet as soon as today to determine the executive’s future.

Nvidia board preparing to oust CEO Huang: WSJ

Nvidia's founder Jensen Huang, 63, has been the CEO of the company for the past 33 years and has no immediate successor in mind. Recently, discussions have been underway about potential successors, including Huang's daughter and a former Swiss ski racer. Huang's unorthodox leadership style and flat organizational structure have drawn attention, but recent controversies, including allegations of a liaison with a Chinese spy, have raised concerns about his ability to continue as CEO.

The company's board, which has no formal successor plan, is now considering the idea of Nvidia without Huang. Huang has expressed the hope that a future CEO may already be within the company, with his children and spouse being potential candidates. However, their chances appear slim, especially if Huang's personal life is further embroiled in scandal.

In the event of a short-term departure, Colette Kress, the CFO, is seen as the most likely interim leader. Kress, who has been with the company for over a decade, is known for her expertise in finance and strategic partnerships during Nvidia's rapid growth in the AI sector.

Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at semafor.com →

More in Business

Consumer confidence falls in October

The Consumer Confidence Index (CCI) fell for the second time in five months to 50.9 in October, but the Center of Economic and Business Forecasting at the University of the Thai Chamber of Commerce…

More from Wednesday 11 November →