Bessent says Nvidia must 'go outside the company' to find new CEO

US Treasury Secretary Scott Bessent commented on Nvidia's search for a new chief executive, stating that the company must look outside itself to find a replacement for Jensen Huang. Huang resigned last week following revelations of extramarital affairs, including one potentially involving a Chinese spy, which had shaken the chipmaker to its core.

Bessent suggested that the board's decision to conduct a search for a new leader necessitates a significant overhaul, given the internal turmoil at Nvidia. He told Fox News Sunday Morning Futures that the board and outside counsel must answer questions about the company's culture and its adherence to export restrictions within the next ten days.

Nvidia's board has reportedly considered British chipmaker Arm Holdings CEO Rene Haas as a potential candidate for Huang's position, according to the Financial Times.