successor

According to Bloomberg, Nvidia is searching for a formal successor to CEO Jensen Huang. Following multiple revelations of Huang's extramarital affairs, the company has commissioned an external agency to identify potential candidates. Chief Financial Officer Colette Kress has taken over as interim CEO; she is the most well-known executive among investors after Huang. Bloomberg states that the board typically considers having the CFO take over to stabilize the situation, but financial executives are often viewed as transitional candidates in tech companies.Other potential candidates listed by Bloomberg include: Ian Buck, who is responsible for data center products and AI chips and invented the CUDA software framework; Rene Haas, who previously worked at Nvidia and now leads chip design company Arm; Lisa Su, who leads AMD and has seen AMD's stock price increase nearly 170 times during her tenure; and Johny Srouji, who leads Apple's in-house chip project.The list also includes Matt Garman, head of Amazon Web Services (AWS); Sanjay Mehrotra, chairman and CEO of Micron Technology, who has seen Micron's stock price increase over 2700% during his tenure; and Amin Vahdat, who is responsible for Google's TPU project. Bloomberg states that finding a suitable successor for this globally highest-valued chip manufacturer is not easy.

According to Tencent Technology, the board of directors of Nvidia is working with an external professional organization to find a potential successor for CEO Jensen Huang, with Apple CEO Tim Cook rumored to be one of the candidates.Time magazine has discussed the possibility of Nvidia adopting a dual CEO transition arrangement and mentioned external candidates such as Tim Cook and former Google CEO Eric Schmidt. The report states that regardless of whether the choice is internal promotion, external recruitment, or a temporary management team, the board needs to maintain strategic continuity and organizational stability in the event of Jensen Huang's potential departure.

According to Bloomberg, Nvidia is collaborating with an external company to find the next CEO candidate and is considering appointing an interim CEO before determining a formal successor. The Nvidia board is preparing to remove Jensen Huang from the CEO position and will hold a meeting as early as November 11 to discuss his future, with no final decision or successor announced yet. Nvidia did not immediately respond to requests for comment.Following the related news, Nvidia's stock price fell about 9% in after-hours trading, having previously risen 2.9% during regular trading hours. CoreWeave, Micron, Intel, and Dell fell 6%, 1.9%, 2.7%, and 3% respectively in after-hours trading; AMD, Broadcom, and Google's parent company Alphabet rose 3.8%, 3.4%, and 1% respectively.

According to a survey by the technology media outlet The Information on NVIDIA's board of directors, the fate of founder and CEO Jensen Huang currently depends on the board. This company, which has the highest market value globally, does not have a clear successor for the CEO position, and there are several long-time partners who have worked with Huang for decades on the board. The board needs to investigate whether Huang's personal relationships have led to the leakage of company secrets and whether he has violated internal regulations; if issues are found, they must also decide how to handle this founder and CEO.NVIDIA has a total of 11 directors, including Jensen Huang himself, with 5 of the remaining 10 having served for over ten years. Venture capitalists Tench Coxe and Mark Stevens joined the board when the company was founded in 1993, coming from early investors Sutter Hill Ventures and Sequoia Capital, respectively. The person most likely to lead the investigation is Chief Independent Director Stephen Neal, a nearly 80-year-old lawyer who joined the board in 2019 and serves as the chair of the corporate governance committee; his firm, Cooley LLP, has provided legal services to NVIDIA since 1993. NVIDIA has not yet announced the members of the investigation committee, and it is still uncertain whether Neal will personally lead it.Neal previously defended Theranos founder Elizabeth Holmes and represented key figures in the U.S. savings and loan crisis, such as Charles Keating; FTX founder Sam Bankman-Fried also proposed him as chairman when the company was on the brink of bankruptcy. He is also responsible for overseeing Meta's independent content review board, and a person familiar with him described his approach as pragmatic, preferring to resolve issues with minimal disruption. Jensen Huang has long directly managed dozens of executives, with core business leaders reporting directly to him, and there is no recognized second-in-command; none of the board members have held CEO positions at large companies. Harvard University corporate governance expert Jesse Fried expects the investigation could last for months, and the board is likely to ultimately choose to retain Jensen Huang.

According to The Block, Circle's Chief Financial Officer Jeremy Fox-Geen plans to step down after more than five years in office, with an expected departure by the end of December, unless the company identifies a successor earlier. Circle stated that it has engaged an executive search firm to initiate the recruitment process for a new CFO.

According to Jin Shi citing CCTV News, a representative of the Expert Assembly in Mazandaran Province, Iran, stated that the members of the Expert Assembly have fulfilled their duties, and the successor to Khamenei's legacy will be officially announced soon.He pointed out that the Expert Assembly has never faced such immense pressure as it does now, with hostile forces attempting to force the assembly to abandon its selected candidate, but the members have resisted external interference.

According to market news, European Central Bank President Christine Lagarde is considering stepping down before her term ends in October 2027, so that French President Macron and German Chancellor Merz can reach an agreement on her successor before the French elections in April 2027.A spokesperson for the European Central Bank later responded that Lagarde is "fully focused on her mission and has not made any decisions regarding the end of her term." Lagarde's potential early departure comes at a critical time for the advancement of the digital euro by the European Central Bank. Under her leadership, the European Central Bank has been continuously advancing the preparations for the digital euro and has repeatedly emphasized the need to manage the risks of private digital currencies such as stablecoins within the framework of the EU's Markets in Crypto-Assets Regulation.Lagarde herself has long held a critical stance towards cryptocurrencies like Bitcoin, describing them as "highly speculative," "worthless," and "not backed by any underlying assets." If there is a change in the leadership of the European Central Bank, it could affect the institution's communication focus and priorities regarding the digital euro, stablecoin regulation, and crypto-related payment arrangements, although the overall regulatory direction has already been established at the EU level.

According to Jin Ten, Federal Reserve Governor Mulan stated that he is likely to remain in office after his term ends at the end of January next year, until a new governor is confirmed to fill his vacancy. Mulan plans to stay on the board as Trump considers candidates to replace Federal Reserve Chairman Powell, who will step down in May. Mulan said that whether he will continue to dissent on interest rate decisions in the future will depend on the subsequent policy actions of the officials.

ChainCatcher news, according to Jin Shi reports, U.S. Treasury Secretary Mnuchin stated that there is currently "no rush" to determine the successor to Federal Reserve Chairman Powell, and candidates may come from current committee members or regional bank presidents. Mnuchin said on a television program on Wednesday, "There are many strong candidates, including several key committee members, and possibly regional bank presidents." He did not disclose specific names.Reports suggest that Mnuchin himself, White House National Economic Council Director Hassett, former Federal Reserve Governor Kevin Warsh, and current Federal Reserve Governor Waller are among the candidates nominated by Trump for the chairmanship. Mnuchin said, "There is a long, long list." He stated, "I do not intend to discuss this process, but we are moving forward with it, and obviously, it will be President Trump's decision, and we are not in a hurry."

ChainCatcher news, according to Jinshi, U.S. Treasury Secretary Basant stated that the formal process for the successor to Federal Reserve Chairman Powell has been initiated, and the selection will proceed at Trump's pace.There are many rumors about the "shadow Federal Reserve Chairman," which will cause confusion. If the former Federal Reserve Chairman continues to serve, it will be perplexing.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that in the coming weeks and months, he will begin the search for a successor to Federal Reserve Chairman Powell.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that Trump's early announcement of Powell's successor will not affect the FOMC. If the inflation rate remains within the 2% range and uncertainties are resolved, the Federal Reserve will move towards a path of interest rate cuts.

ChainCatcher news, according to Jinshi Data, U.S. economist and policy advisor Douglas Rediker commented on the news regarding Trump's consideration of appointing the next Federal Reserve chairman early, stating that the sooner Trump announces his preferred candidate for the Fed chair, the more likely that person will become a target of criticism and the less likely they are to actually succeed Powell. Since taking office, Trump has repeatedly criticized Powell for being too slow to cut rates, calling him "Mr. Too Late."

ChainCatcher News: U.S. Treasury Secretary Basant stated that they are considering successors to Federal Reserve Chairman Powell and will begin interviewing candidates in the fall.

ChainCatcher news, according to Cointelegraph, Rostin Behnam served as the chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2021 to 2025. He has stepped down from his position as a commissioner of the financial regulatory agency without having received a nomination for a potential successor from President Donald Trump.Behnam stated that February 7 will be his last day at the CFTC after nearly eight years in both commissioner and regulatory agency chairman roles. On January 7, Behnam announced that he would step down as chairman on the day of Trump's inauguration, paving the way for the CFTC to elect Caroline Pham as acting chair.Since taking office on January 20, Trump has not announced any potential candidates to replace Behnam, resulting in a split within the five-member commission between Republicans and Democrats. Reports indicate that the U.S. president is considering nominating former CFTC commissioner Brian Quintenz, but as of the time of publication, the White House has not made any official announcements. Under Pham's leadership as acting chair (having been in office for less than 30 days), the CFTC announced it would end its practice of regulation through enforcement and realign its priorities.

ChainCatcher news, according to Cointelegraph, Trump has acknowledged the removal of current SEC Chairman Gary Gensler, sparking speculation about potential successors, particularly those who may be inclined to adopt a more crypto-friendly approach.It is reported that Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), is known for her supportive stance on cryptocurrency and is considered a potential replacement for Gary Gensler. She is referred to as "Crypto Mom" by the community for her advocacy in the field. Hester Peirce has previously criticized the SEC's enforcement-led approach, arguing that regulatory clarity for the crypto industry would better serve the public interest and enhance the U.S.'s position in global digital finance.