Bessent says Nvidia must 'go outside the company' to find new CEO
NVDA•Treasury Secretary Scott Bessent said Nvidia should look outside the company for a new CEO after Jensen Huang stepped down. He also said the board and outside counsel should answer questions about compliance culture within 10 days.
1. Call for outside hire
Scott Bessent said Nvidia needs to look outside the company for a new leader and called for a dramatic shakeup as its board searches for a replacement for Jensen Huang, who stepped down last week.
2. Compliance questions
Bessent said Nvidia's board and outside counsel needed to answer questions about the company's culture of compliance with export restrictions within the next 10 days. Nvidia's board has reportedly approached Arm Holdings CEO Rene Haas as a potential replacement for Huang.
