Scott Bessent is pushing Nvidia to make a 'dramatic shakeup' and hire an outside CEO
The Treasury secretary said he wants answers from Nvidia's board and outside counsel within 10 days on export compliance after Jensen Huang resigned
US Treasury Secretary Scott Bessent stated Sunday that Nvidia should look outside the company for a new chief executive following the abrupt resignation of Jensen Huang last week. According to CNA - Business, Huang stepped down on Thursday following revelations of extramarital affairs, including one involving a suspected Chinese spy. Bessent told Fox News Sunday Morning Futures that the board needs a dramatic shakeup and should seek an outside leader given recent internal events.
Bessent also demanded that Nvidia's board and outside counsel provide answers within 10 days regarding the company's culture of compliance with export restrictions, according to Quartz and CNA - Business. Regarding the leadership search, the Financial Times reported on Friday that Nvidia's board has approached Arm Holdings CEO Rene Haas as a potential replacement for Huang.
Brief written by urgent.news from Quartz, CNA - Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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