“Doesn’t even want his daughter to take over” ... Jensen Huang refused for years to seek a successor

[Financial News] As NVIDIA CEO Jensen Huang is embroiled in an affair scandal, reports say he had previously refused to discuss succession planning within the company.
According to The New York Times (NYT) on the 11th (local time), discussions continued for years within NVIDIA about establishing a succession plan, but CEO Huang did not accept them. NYT reported this, citing former executives.
Renee Haas, CEO of Arm, who worked at NVIDIA for about seven years and served as a vice president there, told NYT, “CEO Huang thought a succession plan would fuel competition among executives and cause divisions,” adding, “He didn’t like the idea.”
Instead of the hierarchical structure typical of companies, CEO Huang has maintained a system in which around 60 executives report directly to him.
The lack of a clear successor in this structure is fueling concern after CEO Huang acknowledged having an affair with Alice Huang. Alice Huang is suspected of having ties to Chinese intelligence agencies.
Colette Kress, the chief financial officer (CFO), and Ian Buck, a vice president, are among those mentioned as candidates, but no one has full support both inside and outside the company.
Family members have also been mentioned as potential successors. His daughter, Madison Huang, is a senior director of product marketing for physical AI at NVIDIA, while his son, Spencer Huang, works in the robotics division. His son-in-law, Niko Caprez, works on the AI infrastructure business.
NVIDIA has sought to rule out the possibility of CEO Huang stepping down. The company said he would continue in his role and lead the company.

[email protected] Seong Min-seo Reporter