Overview
- The Financial Times reported on Friday that Nvidia’s board has approached Arm CEO Rene Haas as a potential successor to Jensen Huang.
- Jensen Huang stepped down as Nvidia CEO effective November 12 and the board named CFO Colette Kress as interim CEO during the ongoing search.
- Markets reacted to the report with Nvidia shares falling by over 3% while Arm’s U.S.-listed shares pared losses after initially dropping.
- The CEO search is taking place while independent board reviews and inquiries by the FBI, the Justice Department and congressional committees remain active.
- Rene Haas worked at Nvidia for seven years before joining Arm, led Arm’s 2023 Nasdaq listing, and his reported consideration signals the board is open to recruiting an external executive with prior Nvidia experience and industry ties.