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A candidate emerges to replace Jensen Huang as Nvidia CEO: Arm chief Rene Haas

Haas enters the succession search

The Financial Times reported Friday that Nvidia’s board had contacted Rene Haas about succeeding Huang. Haas has led British chipmaker Arm since 2022. Haas previously worked at Nvidia for seven years, more than a decade ago. The report described him as having close ties to Huang and some members of Nvidia’s board.

Kress takes interim role

Nvidia said Colette Kress, its executive vice president and chief financial officer, agreed to become interim CEO after Huang’s departure. The company said its board is beginning a search for a permanent chief executive.

Kress joined Nvidia in September 2013 and has led its finance organization, the company said. Nvidia credited her with contributing to its growth and development.

Huang’s departure follows inquiry

Huang resigned Thursday after the board investigated a reported relationship with a technology executive suspected of being a Chinese intelligence source. He was also alleged to have had relationships outside marriage with two Nvidia employees.

The company has not named a permanent successor, and its stated search includes candidates from inside and outside Nvidia. Haas is one potential contender identified in the Financial Times report.

Key points

  • Nvidia’s board has approached Arm CEO Rene Haas about the top job, the Financial Times reported.
  • Colette Kress is serving as interim CEO while Nvidia searches for a permanent successor.
  • Haas led Arm from 2022 and previously spent seven years at Nvidia.
  • Huang resigned Thursday after a board investigation into reported relationships.
Read the original on Fox Business ↗

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