Nvidia’s Board of Directors has approached Rene Haas, the CEO of British chipmaker Arm, in its search for the successor to Jensen Huang, according to a report from the Financial Times.
The outlet reported Friday that Haas, who had led Arm since 2022, spent seven years working at Nvidia more than a decade ago and has a “strong relationship” with Huang and some of Nvidia’s board members.
“It’s a no comment from us,” Arm told FOX Business when asked about the report.
Huang resigned Thursday after Nvidia’s board investigated his reported affair with a tech executive suspected of being a Chinese intelligence source. Huang is also alleged to have had extramarital relationships with two employees at Nvidia.
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Nvidia said Thursday that Colette Kress, its current executive vice president and chief financial officer, has agreed to serve as interim CEO in the wake of Huang’s departure.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ARM | ARM HOLDINGS PLC | 190.49 | -9.29 | -4.65% |
“The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates,” the company said.
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Nvidia described Jensen’s contributions to the company as “profound.”
“NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry,” the company said.
“Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013,” it said, adding, “During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution.”
“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” Harvey Jones, Chair of the Nvidia Board of Directors, said in a statement.
FOX Business’ Elizabeth Claman contributed to this report.
