Nvidia board prepares to oust CEO, name interim chief
The board is meeting Wednesday to determine the executive’s future.
Nvidia’s board of directors is considering removing CEO and founder Jensen Huang from his position and replacing him with interim Chief Financial Officer Colette Kress, according to sources familiar with the matter. The board is set to meet on Wednesday evening to discuss the potential ouster of Huang, who has been embroiled in a whirlwind saga that includes allegations of an extramarital affair with a suspected Chinese spy.
The White House has been briefed on the board's plans for the meeting. The company is seeking outside counsel to help find a new CEO, with Apple hardware chief Johny Srouji reportedly being considered for the role. Nvidia's stock plummeted more than 8% after-hours, reaching a 52-week low. The board is also investigating whether Huang may have leaked corporate secrets or endangered US national security.
Senators Chris Coons and Elizabeth Warren have written to members of President Trump's Cabinet, requesting that they preserve documents related to Nvidia's chip exports to China or entities that could potentially funnel such chips to the country, as well as any correspondence between Huang and the suspected Chinese operative with whom he was romantically involved.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
