CZ Calls Nvidia Board’s Ouster of Jensen Huang a Mistake
Summary
- Changpeng Zhao, the Binance co-founder known as CZ, said Nvidia’s decision to force CEO Jensen Huang to step down was “a mistake.”
- Nvidia’s board removed Huang and appointed CFO Colette Kress as interim CEO.
- Market participants cited internal candidate Ian Buck and external candidate Arm CEO Rene Haas as contenders for the next CEO.
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Changpeng Zhao, the Binance co-founder known as CZ, criticized Nvidia’s board for ousting Chief Executive Officer Jensen Huang.
Writing on X on November 12, Zhao said Nvidia “made a mistake” by forcing Huang to step down.
Nvidia’s board removed Huang that day and appointed Chief Financial Officer Colette Kress as interim CEO. Kress has spent 13 years at Nvidia after previous stints at Cisco and Microsoft.
The board plans to seek a permanent successor from both inside and outside the company. Market participants contacted by Reuters named Ian Buck, who led development of Nvidia’s CUDA parallel computing software, as an internal candidate, and Arm Chief Executive Officer Rene Haas, a former Nvidia executive, as an external candidate.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul