Could Jensen Huang exit Nvidia? Board reportedly works with outside firm to identify potential replacements

Detailed summary

Nvidia board is also reportedly considering the possibility of appointing an interim chief executive while searching for a permanent replacement.

Nvidia Corp's board of directors has reportedly begun exploring potential replacements for Chief Executive Officer Jensen Huang following reports of multiple alleged extramarital affairs, including one involving a woman suspected of spying for China, Bloomberg News reported.

The board has been working with an external firm to identify possible successors to Huang, according to a person familiar with the matter who spoke to Bloomberg on condition of anonymity because the discussions are not public.

Directors are also considering the possibility of appointing an interim chief executive while searching for a permanent replacement, the person said, as per the news outlet.

Reports say Nvidia’s board is working with an outside firm to identify potential successors and has discussed Huang’s future. Nvidia has not publicly confirmed a decision to replace him.

According to Nvidia’s bylaws, the board can remove an executive officer, including the CEO, with or without cause. The board also has authority to appoint a successor.

No. The CEO and director roles are governed separately, so removing Huang as CEO would not automatically remove him from the board. Removing him as a director requires a separate shareholder process.

Yes. Reports say the board is considering appointing an interim chief executive while it looks for a permanent replacement.

The reported review follows allegations about Huang’s personal relationships, including one involving a woman suspected by US officials of links to Chinese intelligence. The board has also announced an independent investigation related to reports of a foreign intelligence effort.

Nvidia's board members were scheduled to meet on Wednesday to discuss Huang's future at the company, the news outlet stated citing people familiar with the matter.

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