US Treasury Secretary Calls on NVIDIA to Hire Next CEO from Outside

TechFlow reported on November 16 that, according to The Defiant, U.S. Treasury Secretary Scott Bessent stated during an interview with Fox News on November 15 that Nvidia requires significant restructuring, and its board should consider external candidates when selecting new leadership.

The report noted that Bessent also requested Nvidia's board of directors and outside legal counsel to answer questions regarding compliance with chip export restrictions within the next 10 days. Nvidia previously announced that Jensen Huang would step down, with Chief Financial Officer Colette Kress assuming the role of acting CEO. The board stated it would consider both internal and external candidates, and has not yet formally reached out to potential candidates.