Nvidia must ‘go outside the company’ to find Huang’s replacement, Bessent says
Detailed summary
Former CEO stepped down after revelations of extramarital affairs, including one involving a suspected Chinese spy
U.S. Treasury Secretary Scott Bessent on Sunday said Nvidia NVDA-Q needs to “go outside the company” as it seeks a new chief executive after Jensen Huang abruptly stepped down last week.
Huang stepped down on Thursday after revelations of extramarital affairs, including one involving a suspected Chinese spy, plunging the chipmaker into crisis.
“This makes me think that as the board conducts a search for a new leader that they need to go outside the company, that just (with) what was going on inside the company, they need a dramatic shakeup,” Bessent told Fox News.
Bessent also said Nvidia’s board and outside counsel needed to answer, within the next 10 days, questions about the company’s culture of compliance with export restrictions.
Nvidia’s board has approached British chipmaker Arm Holdings CEO Rene Haas in its search for a potential replacement for Huang, the Financial Times said on Friday.
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