Nvidia’s board of directors is reportedly considering ousting CEO Jensen Huang following revelations of another affair.
Earlier this week, Huang admitted to having an affair with a woman who is accused of being a Chinese spy.
Now, The New York Times is reporting that Huang also had an affair with a senior executive at Nvidia who reports directly to him.
The report claims that Huang had an extramarital affair with Kimberly Powell, who is vice president of health care at Nvidia and reports to the CEO.
Nvidia’s share price is down nearly 10% on Nov. 12 following reports of a second affair and that the company’s board of directors is considering ousting Huang.
Jensen Huang is inextricably linked to Nvidia.
He co-founded the company in 1993 and is largely responsible for building it into the world’s premier maker of microchips that power artificial intelligence (AI) applications and models.
Huang is also a member of Nvidia’s board of directors and is the company’s largest individual shareholder, owning 870 million shares or 3.5% of the outstanding stock.
Currently, Huang’s net worth is pegged at $148 billion U.S., according to the Bloomberg Billionaire’s Index.
Ousting the CEO is seen as problematic for Nvidia, which has never publicly disclosed succession plans or talked about who might replace Huang, who is age 63.
The board meeting to decide Huang’s fate comes as a growing number of politicians in Washington, D.C. call for his removal as CEO of Nvidia.
Prior to today, NVDA stock had declined 10% over the past year. In the last month, the company’s share price has fallen 23% to trade at $173.73 U.S.
Tech Insider
