Nvidia Board Begins Search for New CEO to Replace Jensen Huang
The Nvidia board of directors has begun a search for a new leader through an external firm due to allegations of an extramarital affair involving CEO Jensen Huang and security concerns. Company shares have declined following these developments.
The Nvidia board of directors has begun working with an external consulting firm to identify a successor for CEO Jensen Huang, following allegations of an extramarital affair and suspicions that one of the individuals involved was spying on behalf of China.
The Nvidia board of directors evaluated Jensen Huang's situation during a meeting held on Wednesday. It is reported that the company plans to appoint an interim CEO until a permanent successor is found. The process was triggered by Huang's admission of an affair with Alice Huang, an executive at a Southeast Asian client. Alice Huang is accused of spying on behalf of the Chinese government.
The crisis deepened with allegations regarding Jensen Huang's relationship with Kimberly Powell, the vice president of Nvidia's healthcare division. Concerns over trade secrets and corporate governance principles led to an 8 percent decline in Nvidia's stock price.
Sources
- ndtv.com · Link