Nvidia Board Hires Outside Firm to Scout Successor to Jensen Huang

IT之家 November 12 news, Bloomberg has just reported that NVIDIA's board of directors is hiring an external professional firm to identify new CEO candidates and is considering appointing an interim CEO while searching for a formal successor.

Prior to this, multiple US media outlets reported that NVIDIA's board of directors is discussing the future of company co-founder and CEO Jensen Huang, and NVIDIA may face a leadership transition.

According to people familiar with the matter, NVIDIA's board has partnered with an external firm to search for potential successors to Jensen Huang. At the same time, NVIDIA's board is also considering another option: appointing an interim CEO while the search for a formal successor is underway.

Bloomberg reported that NVIDIA board members met on November 12 local time to discuss the question of Jensen Huang's future. Previously, The Wall Street Journal reported that the board was preparing to remove Jensen Huang from his CEO position and might hold a meeting as early as Wednesday local time to decide his future. NVIDIA has not yet responded to the related reports.

Bloomberg noted that NVIDIA's board is currently facing a dilemma: if Jensen Huang is removed, the company will lose the only CEO it has had since its founding; if he remains, the company may face further scrutiny from US lawmakers, investors, customers, and employees.

IT之家 noted that the capital market has already reacted to the related news. After reports emerged that NVIDIA's board was preparing to remove Jensen Huang from his position, NVIDIA's stock price fell about 8% in after-hours trading on Wednesday.