From CNBC · Seema Mody,Annie Palmer · · 1m 20s
Nvidia board still searching for Huang's permanent replacement
Nvidia's board has not yet selected a search firm to find Jensen Huang's successor, despite speculation about potential candidates including Arm CEO Rene Haas.
In brief
Nvidia's board has not yet selected a search firm to find Jensen Huang's successor, despite speculation about potential candidates including Arm CEO Rene Haas. Nvidia's board is still selecting a search firm to find a permanent CEO after Jensen Huang resigned following reports of affairs and a foreign intelligence…
Huang steps down as Nvidia CEO
Nvidia announced Thursday that CEO Jensen Huang would step down after multiple reported affairs, including one with a woman purported to be a Chinese spy.
Kress named interim CEO, search begins
Nvidia named CFO Colette Kress as interim CEO and said it will search for a permanent replacement, considering both internal and external candidates.
Board has not yet selected search firm
Nvidia's board told CNBC on Friday it is in the process of selecting a search firm for the CEO role and has not formally engaged any potential candidates.
“We are in the process of selecting a search firm for the Nvidia CEO role. We have not formally engaged any potential candidates.”
Arm CEO Haas reportedly approached
The Financial Times reported Friday that Nvidia's board approached Arm CEO Rene Haas in its search for Huang's successor, citing people familiar with the matter.
Stock falls as investigations continue
Nvidia shares fell more than two percent on Friday, dragging the company's market cap below four trillion dollars. Three House committees and the Senate Banking Committee have requested Huang appear for briefings.
The bottom line
Nvidia's board is still selecting a search firm to find a permanent CEO after Jensen Huang resigned following reports of affairs and a foreign intelligence concern.
