The key facts
- Nvidia denied media reports about negotiations with candidates for the CEO post
- The board of directors is selecting a recruiting firm to search for a new head
- CFO Colette Kress has been appointed as interim CEO
Company denies reports of negotiations
Nvidia has denied information circulating in the media about negotiations with potential candidates for the position of chief executive officer. The company's leadership, in a comment to CNBC journalist Sime Mudi, stated that it has not officially held negotiations with any potential candidates, and that any assumptions about specific individuals — both Nvidia employees and outside specialists — are premature.
A recruiting firm is being selected
The corporation's board of directors clarified that the process of selecting a recruiting firm, which will handle the search for a new CEO, is currently underway. Thus, only the preparatory stage of the search has been officially launched, not the negotiations with candidates themselves.
Context of Huang's resignation
On November 12, Nvidia announced that Jensen Huang had resigned from the post of CEO. CFO Colette Kress has been appointed as interim head of the company.
Investigation and letter to employees
Earlier this month, the company began an independent investigation following reports of an alleged Chinese espionage operation against Huang. The trigger was publications about his romantic relationship with entrepreneur Alice Huang, whom US intelligence agencies suspect of cooperating with Chinese intelligence. In an open letter, Huang admitted to employees of Nvidia that he had been unfaithful in his marriage, apologized to colleagues, the board of directors and shareholders, and promised to work on restoring trust. Earlier, Nvidia employees had not supported his resignation from the post of head of the company.
