Nvidia board reportedly preparing to fire CEO Jensen Huang
The Verge: Nvidia is reportedly preparing to fire Jensen Huang
Nvidia's board is preparing to dismiss CEO Jensen Huang following a report from the New York Times about a second alleged extramarital affair, just days after he admitted to a separate affair with a woman alleged to be a Chinese spy, The Wall Street Journal reports. The second alleged affair was with an executive who reports to him, Nvidia's vice president of health care, Kimberly Powell, according to the Times, saying the two may have been captured on video "being affectionate
Nvidia's board is reportedly preparing to dismiss CEO Jensen Huang following reports of two alleged extramarital affairs. One affair was with a woman identified by U.S. intelligence as a Chinese spy, which Huang admitted to; the other was reportedly with Kimberly Powell, Nvidia's vice president of health care who reports to him. The board was expected to meet as soon as Wednesday evening to decide on Huang's future, and Nvidia's stock fell in after-hours trading following the news.
- The Verge ↗: The company has retained a law firm to investigate the situation, though the board appears ready to act before those results are completed.
- TechCrunch ↗: Huang has led the company for 33 years, and Nvidia lacks an obvious successor or succession plan.
Nvidia has become one of the most valuable companies in the world by designing chips that power the AI boom. The potential loss of its long-time leader amid scandal creates uncertainty for the company's direction.
Nvidia's board is reportedly preparing to dismiss CEO Jensen Huang following reports of a second alleged extramarital affair, this time with an executive who reports to him. This matter comes days after Huang admitted to a separate affair with a woman alleged to be a Chinese spy. The board was expected to meet to decide on Huang's future at the company, and Nvidia's stock fell more than 7 percent in after-hours trading following the news. The company has retained a law firm to investigate the situation, though the board appears ready to act before those results are completed.
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