NVIDIA CEO Jensen Huang Resigns Amid Scandal; Israelis Among Potential Successors
Translated & summarized from N12 by baba
NVIDIA CEO Jensen Huang resigned after 33 years following reports of alleged affairs, causing the company's stock to drop 11% and erasing $310 billion in value. Two Israelis, Michael Kagan and Johnny Srouji, are among the potential successors. Kagan is NVIDIA's CTO and a Mellanox co-founder, while Srouji is a senior Apple executive. NVIDIA's CFO, Colette Kress, has been named interim CEO.
The story in 6 lines · by baba
- NVIDIA CEO Jensen Huang resigned after 33 years amid reports of alleged affairs.
- NVIDIA's stock fell 11%, wiping out $310 billion in market value.
- Two Israelis, Michael Kagan and Johnny Srouji, are considered potential successors.
- Michael Kagan is NVIDIA's CTO and a co-founder of Mellanox.
- Johnny Srouji is a senior executive at Apple with roots in Haifa.
- NVIDIA's CFO Colette Kress has been appointed interim CEO.
NVIDIA, the leading chip manufacturer, is searching for a new CEO following the immediate resignation of Jensen Huang after 33 years at the helm. The company's stock plummeted by approximately 11%, erasing about $310 billion in market value, after reports emerged of Huang's alleged affairs, including one with a woman reportedly acting as a spy for Chinese intelligence.
Among the potential candidates to succeed Huang are two Israelis: Michael Kagan, a co-founder of the Israeli company Mellanox which NVIDIA acquired seven years ago, and Johnny Srouji, a senior executive at Apple who grew up in Haifa and studied at the Technion.
Kagan currently serves as NVIDIA's Chief Technology Officer, and technology developed by Mellanox after the acquisition has become a key component of NVIDIA's AI infrastructure. Srouji is credited with leading Apple's independent chip revolution.
Other leading candidates mentioned include Colette Kress, NVIDIA's CFO who has been appointed interim CEO, and Ian Buck, a senior engineer involved in developing the technology that powered NVIDIA's AI advancements.
Huang's resignation comes after reports in The New York Times and Reuters detailed alleged relationships with a subordinate and another employee, violating corporate governance rules. He had previously admitted to an affair with a woman allegedly acting as a Chinese intelligence asset.
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