Nvidia working with external firm to explore new CEO candidates amid uncertainty over Jensen Huang

Résumé détaillé

Nvidia board searches for successors to CEO Jensen Huang following reports of extramarital affairs, including one with a woman suspected of spying for China.

Nvidia Corp.’s board has enlisted an outside firm to find potential successors to Chief Executive Officer Jensen Huang after reports surfaced of several extramarital affairs, including one involving a woman reportedly suspected of spying for China.

The board is considering appointing an interim chief executive while it searches for a permanent successor, the person said, requesting anonymity because the information is not public. As per a Bloomberg report, the directors were scheduled to meet Wednesday to discuss Huang’s future.

The Wall Street Journal said earlier that the board was preparing to oust Huang, citing unidentified people familiar with the matter.

According to Bloomberg, Nvidia didn’t immediately respond to a request for comment.

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Nvidia’s board has faced a succession crisis since Sunday, when Huang acknowledged having an affair with Alice Huang, a data centre executive at a company that ranks among Nvidia’s largest customers in Southeast Asia. The New York Times reported that Alice Huang was suspected of acting as an agent for the Chinese government.

The crisis intensified late Wednesday, after the Times reported that Jensen Huang had also been involved with Kimberly Powell, Nvidia’s vice president of healthcare. The report cited unnamed people who worked at the company. Powell did not immediately respond to a request for comment.

The disclosure and the reports that followed have put the board in a difficult position: it could remove the company’s founder and its only CEO, dismissing an executive who—until recently—enjoyed broad respect among shareholders and customers and presided over a rise of more than 700,000% in Nvidia’s share price.

However, retaining Jensen Huang would likely expose Nvidia to intense scrutiny from lawmakers, investors, customers and employees.

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