Nvidia's board starts hunting for Jensen Huang's successor with an outside firm, weighs an interim CEO

Nvidia's board has been working with an outside firm to identify potential replacements for CEO Jensen Huang, Bloomberg reported Nov 11, citing a person familiar with the situation. The board is also weighing naming a temporary chief while it searches for a permanent one, turning talk of Huang's exit into an actual search after 33 years at the helm of the company he co-founded in 1993.

Directors met Wednesday to discuss Huang's future, according to Bloomberg and the Financial Times. The Wall Street Journal reported earlier that the board was preparing to oust Huang, and The New York Times reported he had also had a relationship with a company executive who reports to him. Huang told staff on Sunday, "I was unfaithful to my wife," admitting to an affair with a woman US officials reportedly suspect of spying for China. Nvidia shares fell more than 9% in after-hours trading after the Journal's report, CNBC said. Nvidia did not immediately respond to Bloomberg's request for comment.