The Scoop
Some members of Nvidia’s board favor appointing Chief Financial Officer Colette Kress as interim CEO at the beleaguered chipmaker if CEO and founder Jensen Huang is ousted, according to people familiar with the matter.
The full board has yet to make a decision. But the company’s directors are scheduled to meet Wednesday evening, these people said.
Semafor earlier confirmed that Nvidia’s board is preparing to oust Huang as soon as Wednesday, after media reports detailed that he had a second extramarital affair. The Nvidia board briefed the White House on its planned meeting, according to a senior administration official.
Nvidia has tapped an outside search firm to find the company’s next CEO, Bloomberg reported. One person being considered for the top job is Apple hardware chief Johny Srouji, who was among the executives considered for Intel CEO in 2019, according to another person familiar with the matter.
Whirlwind Saga
Nvidia’s stock fell more than 8% in after-hours trading, hitting a 52-week low. Spokespeople for the company didn’t immediately provide a comment.
Huang’s firing would cap a whirlwind saga that’s seen the global frontman for the AI boom admit to an affair with a suspected Chinese spy.
