Nvidia's board is reportedly preparing for the potential dismissal of CEO Jensen Huang, with Colette Kress, the company's Chief Financial Officer (CFO), emerging as a likely interim CEO.
On November 11, U.S. media outlet Semafor cited sources indicating that some board members are leaning towards appointing Kress as interim CEO if Huang is removed.
CitiGroup also lowered its price target for Nvidia from $285 to $225, stating, "We expect Colette Kress to serve as interim CEO while the board evaluates candidates for the CEO position."
Sean Cole, head of executive search firm Cowen Partners, remarked to CFO Dive, "If Jensen is absent during the investigation, appointing Colette Kress as interim or co-CEO could stabilize Nvidia's operations."
Kress, 59, has held financial roles at major U.S. tech companies such as Texas Instruments, Microsoft, and Cisco before joining Nvidia as Vice President and CFO in 2013. Huang has praised her for her extensive experience, strong financial management skills, and deep industry knowledge.
However, some analysts believe Kress may lack the technical expertise typically expected of a semiconductor company's CEO. As a result, several prominent figures in the tech industry are being considered as potential successors to Huang. Semafor reported that Apple's Chief Hardware Officer, Johny Srouji, is a strong candidate for the next CEO of Nvidia, while The Information noted that Rene Haas, CEO of Arm, and Lisa Su, CEO of AMD, are also in the running. Conversely, prediction markets suggest that Ian Buck, a vice president who led the development of Nvidia's key software CUDA, is the frontrunner for the CEO position.
Meanwhile, Huang has recently faced allegations of infidelity involving Alice Huang, a Chinese national accused of espionage, as well as reports of an affair with Kimberly Powell, Nvidia's Vice President of Healthcare. The Nvidia board has convened to discuss Huang's potential dismissal, but no conclusions have been announced as of yet.
* This article has been translated by AI.
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