Nvidia seeks new CEO after Jensen Huang resignation

Nvidia’s board announced on Wednesday that Jensen Huang has resigned as President, Chief Executive Officer and board member, effective immediately, leaving the AI‑chip maker to search for a successor.

The resignation follows a scandal involving reports of extramarital affairs, one of which allegedly involved a woman suspected of being a Chinese spy. Huang, who co‑founded the company more than three decades ago, had turned Nvidia into the world’s second‑most valuable firm after Apple.

Chief Financial Officer Colette Kress is being tipped as a possible interim leader. Kress, an executive vice‑president with over 30 years of experience at Cisco and Microsoft, regularly fronts earnings calls and is described as a “familiar and trusted voice for the market”. Analysts note she may stabilise the share price, though a permanent appointment could favour an engineer.

Other internal candidates include co‑founder Chris Malachowsky and Ian Buck, who heads high‑performance computing and helped expand Nvidia’s graphics processors beyond gaming. External names floated by experts are Apple’s former chief executive Tim Cook and Arm Holdings CEO Rene Haas.

Industry observers say the challenge will be finding a leader who matches Huang’s technical insight, strategic vision and global relationships while addressing corporate‑governance and national‑security concerns.

Source: BBC News. Photo: Andrey Matveev / Pexels.