TechCrunch (3 hours ago)
Nvidia has no succession plan and a CEO in hot water, so we’ve drafted a shortlist.
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The Wall Street Journal reported the board’s plans on Wednesday, citing people familiar with the matter. A separate source told Reuters that directors were meeting that same evening. Nvidia shares dropped about 8% in after-hours trading.
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Nvidia’s board of directors is reportedly weighing the removal of CEO and co-founder Jensen Huang after reports surfaced of two extramarital relationships.
As soon as Wednesday evening, Nvidia’s board could decide to remove its founder and CEO of 33 years.
Jensen Huang, who has come under fire for admitting to an affair with a woman accused of being a Chinese intelligence agent, has been accused of having a separate affair with an Nvidia subordinate.
The data center boom is running into serious real-world obstacles, from widespread local opposition and permitting delays to a scramble for electricity.
Santosh Janardhan, who originally joined the company in 2009, will be stepping down from his role.
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