Scott Bessent says Nvidia should look outside the company for a new CEO: ‘They needed a dramatic shake-up’
Former Nvidia CEO Jensen Huang resigned after the company's board of directors opened an investigation last week.
TL;DR
- US Treasury Secretary Scott Bessent advises Nvidia to search for a new CEO outside the company.
- Bessent called for a "dramatic shake-up" at Nvidia.
- Former CEO Jensen Huang resigned following an investigation into whether he was the target of a foreign intelligence effort.
- Huang also admitted to an extramarital affair and was reported to have had relationships with Nvidia employees.
- US officials believe a former tech executive, Alice Huang, with whom Jensen Huang had a relationship, may have been passing information to China.
- Bessent also called on Nvidia's board to address the company's export regulation compliance.
- Nvidia stated it would consider both internal and external candidates for the CEO position.
- Some in the tech industry suggest the espionage allegations against Alice Huang may have been exaggerated by US 'China hawks'.