Bessent Urges Nvidia to Hire Outside CEO for Shakeup
Treasury Secretary Scott Bessent said Sunday that Nvidia's board should look outside the company for a new CEO. He spoke on Fox News' Sunday Morning Futures.
63-year-old Jensen Huang resigned last week as president, CEO and director.
CFO Colette Kress is serving as interim CEO.
Nvidia says it will consider internal and external candidates.
Harvey Jones, a founding director, became the board's first chair.
Why it matters: Huang's exit followed reports of a relationship with Alice Huang, whom US officials believe may have passed information to China. China denies the espionage claims, and the Justice Department has reached no conclusion.
Alice Huang worked for Megaspeed, accused of smuggling Nvidia chips to China. Megaspeed denies wrongdoing.
Bessent asked whether Nvidia pushed sales he called seemingly illicit to boost earnings.
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Political Bias
Coverage by lean% of 13 sources
13 sources · 16 articles · 39% Center coverage
Where they split: Coverage differs on whether the story is about Nvidia's compliance with export controls or about spy allegations possibly overstated by China hawks targeting Huang.
Left coverage, 3 sources: The left frames the story around Bessent weighing in on a private CEO search, noting industry voices who see the spy claims as possibly overblown.
