New candidate emerges to replace Jensen Huang as Nvidia CEO

Nvidia's Board of Directors has approached Rene Haas, the CEO of British chipmaker Arm, in its search for the successor to Jensen Huang, according to a report from the Financial Times. The outlet reported Friday that Haas, who had led Arm since 2022, spent seven years working at Nvidia more than a decade ago and has a "strong relationship" with Huang and some of Nvidia's board members. "It’s a no comment from us," Arm told FOX Business when asked about the report. Huang resigned Thursday after Nvidia's board investigated his reported affair with a tech executive suspected of being a Chinese intelligence source. Huang is also alleged to have had extramarital relationships with two employees at Nvidia. MEET NVIDIA'S NEW INTERIM CEO: THE FORTUNE AND RISE OF COLETTE KRESS Jensen Huang, co-founder and former CEO of Nvidia. (Soeren Stache/picture alliance via Getty Images / Getty Images)Nvidia said Thursday that Colette Kress, its current executive vice president and chief financial officer, has agreed to serve as interim CEO in the wake of Huang's departure. Ticker Security Last Change Change % ARM ARM HOLDINGS PLC 189.42 -10.36 -5.19% "The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates," the company said. NVIDIA CEO JENSEN HUANG RESIGNS AMID INVESTIGATION INTO RELATIONSHIP WITH ALLEGED CHINESE SPY Nvidia described Jensen's contributions to the company as "profound." "NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry," the company said. "Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013," it said, adding, "During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution." Rene Haas, CEO of Arm Holdings Plc, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 7, 2026. (Brendan McDermid/Reuters / Reuters)CLICK HERE TO READ MORE ON FOX BUSINESS "Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position," Harvey Jones, Chair of the Nvidia Board of Directors, said in a statement.FOX Business' Elizabeth Claman contributed to this report.