NVIDIA Responds to Rumors About CEO Successor

The Financial Times reported on the 13th that Nvidia's board has approached Rene Haas, CEO of British chip design company Arm Holdings, regarding CEO succession. Nvidia's board responded that it has not "formally approached" any candidate and said all speculation about candidates is "premature." It is understood that Rene Haas worked at Nvidia for about seven years, rising to vice president and general manager of the computing products business. He was an executive mentored by Jensen Huang, and the two still maintain a close relationship. In 2013, Rene Haas joined Arm Holdings; in 2022 he became the company's CEO, and the following year he led the company's listing on Nasdaq. Analysts expect the next CEO will face pressure to transition toward a more institutionalized management style, while Nvidia will also need to deal with policy pressure from the U.S. Congress seeking further controls on chip exports.