Nvidia board weighs Jensen Huang’s future: Can it remove its founder?

Nvidia’s board of directors met late on Wednesday to decide whether to remove Huang, who cofounded the $4.2 trillion company, which supplies most of the chips used for advanced artificial intelligence (AI). On Wednesday, The New York Times reported that Huang had another extramarital relationship with Kimberly Powell, Nvidia’s vice president of healthcare, who reports to him. The newspaper cited five people who worked at the company.

Nvidia’s shares fell more than 8 percent in after-hours trading on Wednesday after The Wall Street Journal reported that the board was preparing to oust Huang. Huang owns about 3.6 percent of the company, according to LSEG data, and has no majority voting control. That sets Nvidia apart from other tech giants.

Huang does not have majority voting control, unlike executives at other companies in the sector, such as Meta and SpaceX. “But what this certainly shows is the utter lack of appropriate governance at Nvidia,” Okun told Al Jazeera.