Trump urged him to hang in there, but he still left.
A little after 9 p.m. last night, Nvidia’s website and official news account posted a statement at the same time: Jensen Huang had resigned as president, CEO, and director, effective immediately. The company thanked him for his 33 years, but there wasn’t a single word from Huang himself. The interim CEO role went to CFO Colette Kress, who has been with the company since 2013. The board also appointed a chair for the first time, Harvey Jones. They’re still looking for a permanent successor, both internally and externally.
Here’s the more interesting part. The New York Times reported today, citing two people familiar with the matter, that Trump called Huang on Tuesday and urged him to fight for his position. But Huang resigned on Thursday. Trump later wrote on Truth Social that Huang was a legend who had done a great job, and that the only person who could take his place was Apple’s Tim Cook. Even the media reporting the comment couldn’t tell whether Trump was serious or just speaking off the cuff. Apple hasn’t commented for now. Cook stepped down as Apple CEO in September this year and is now executive chairman.
On Wall Street, Nvidia closed down about 4.3% on Thursday, after falling as low as $148.80 during the day. Musk had only just replied yesterday, “It would be my honor”—and now the position is already vacant.
Do you think he accepted it on his own, or had the board already left him no room to negotiate?
A little after 9 p.m. last night, Nvidia’s website and official news account posted a statement at the same time: Jensen Huang had resigned as president, CEO, and director, effective immediately. The company thanked him for his 33 years, but there wasn’t a single word from Huang himself. The interim CEO role went to CFO Colette Kress, who has been with the company since 2013. The board also appointed a chair for the first time, Harvey Jones. They’re still looking for a permanent successor, both internally and externally.
Here’s the more interesting part. The New York Times reported today, citing two people familiar with the matter, that Trump called Huang on Tuesday and urged him to fight for his position. But Huang resigned on Thursday. Trump later wrote on Truth Social that Huang was a legend who had done a great job, and that the only person who could take his place was Apple’s Tim Cook. Even the media reporting the comment couldn’t tell whether Trump was serious or just speaking off the cuff. Apple hasn’t commented for now. Cook stepped down as Apple CEO in September this year and is now executive chairman.
On Wall Street, Nvidia closed down about 4.3% on Thursday, after falling as low as $148.80 during the day. Musk had only just replied yesterday, “It would be my honor”—and now the position is already vacant.
Do you think he accepted it on his own, or had the board already left him no room to negotiate?
