Treasury Secretary says Nvidia should look outside for new CEO amid leadership crisis

U.S. Treasury Secretary Scott Bessent said Nvidia should consider candidates from outside the company as it searches for a new chief executive after Jensen Huang resigned last week. Huang stepped down following revelations of extramarital affairs, including one involving a suspected Chinese spy, which has created a crisis for the chipmaker.

"They need to go outside the company, that just (with) what was going on inside the company, they need a dramatic shakeup," Bessent told Fox News' "Sunday Morning Futures" program.

Bessent added that Nvidia's board and its outside counsel must respond within the next ten days to questions about the firm's compliance culture regarding export restrictions. The board has reportedly approached Arm Holdings CEO Rene Haas as a potential replacement for Huang, according to the Financial Times.