Nvidia hasn’t selected search firm for permanent Huang replacement, board tells CNBC

Business News and FinanceVIEW IN APPMarketsBusinessInvestingTechPoliticsSelectMake ItTechNvidia hasn’t selected search firm for permanent Huang replacement, board tells CNBCPublished Fri, Nov 13 2026 2:18 PM ESTUpdated 2 Min AgoSeema Mody@SeemaCNBCAnnie Palmer@in/annierpalmer/WATCH LIVEKEY POINTS Nvidia hasn't chosen a search firm to identify potential candidates to replace former CEO Jensen Huang, the company's board told CNBC. Speculation has swirled around who the board will select to permanently succeed Huang."We have not formally engaged any potential candidates," the board said in a statement. In this article

Nvidia hasn't yet selected a search firm to work with in identifying a successor for former CEO Jensen Huang, the company's board told CNBC.

"We are in the process of selecting a search firm for the Nvidia CEO role," the board said in a Friday statement. "We have not formally engaged any potential candidates."

The comments come after speculation has swirled about who might be tapped to replace Huang. Nvidia announced Thursday that Huang would step down as CEO of the chipmaker after multiple reported affairs, including one with a woman purported to be a Chinese spy.

Nvidia named CFO Colette Kress as interim CEO and said it will begin a search for a permanent CEO to replace Huang, adding that it will consider both internal and external candidates.

The Financial Times reported Friday that Nvidia's board has approached Arm CEO Rene Haas in its search for Huang's successor, citing people familiar with the matter.

Nvidia's board said, "Any speculation regarding individual candidates, whether internal or external, is premature."

Before joining the SoftBank-backed chip company in 2013, Haas spent seven years at Nvidia, serving in a variety of roles including vice president of its computing products business.

Nvidia shares fell more than 2% on Friday, dragging the company's market cap below $4 trillion as investors digested the news of Huang's departure.