Scott Bessent says Nvidia should look outside the company for a new CEO: ‘They needed a dramatic shake-up'

Detailed summary

Former Nvidia CEO Jensen Huang resigned after the company's board of directors opened an investigation last week.

US Treasury Secretary Scott Bessent has thoughts about Nvidia's search for a new CEO. Bessent said Nvidia's board of directors should focus on candidates "outside the company" during an interview on Fox's "Sunday Morning Futures." "They need a dramatic shake-up," Bessent said. Last week, now former Nvidia CEO Jensen Huang resigned after the company's board of directors opened an investigation into whether he was the "target of a foreign intelligence effort." The same day, Huang admitted to an extramarital affair in a memo to staff. The New York Times and Reuters reported in the days following that Huang also had relationships with two different Nvidia employees.

Opening of the article, excerpted from Business Insider. To read the rest, open the article on the publisher's site.