Scott Bessent says Nvidia should look outside the company for a new CEO: ‘They needed a dramatic shake-up'
Former Nvidia CEO Jensen Huang resigned after the company's board of directors opened an investigation last week.
US Treasury Secretary Scott Bessent believes Nvidia should consider candidates outside the company when searching for a new CEO. Bessent made this remark in an interview on Fox's Sunday Morning Futures. Nvidia's former CEO, Jensen Huang, resigned last week after admitting to an affair. The same day, Huang revealed he had an extramarital affair in a memo to staff.
Reports suggest Huang also had relationships with two Nvidia employees. The New York Times and Reuters published articles alleging Huang may have passed information to China, a claim China denies. Nvidia's board should address questions about compliance with export regulations within the next 10 days, according to Bessent. The company's CFO, Colette Kress, currently serves as interim CEO.
Nvidia has stated it will consider both internal and external candidates for the CEO position, though the board has not publicly discussed potential candidates. Some analysts and investors have suggested reinstating Huang as CEO until an internal investigation into the affair is completed. There is a growing perception within the tech industry that the allegations against Huang may have been exaggerated by US officials seeking to remove him from power. Huang had previously supported supplying chips to China.
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