Nvidia board meets Wednesday evening to discuss Huang's fate
Reuters reported on 2026-11-11 that, according to a person familiar with the matter, Nvidia's board is meeting on Wednesday evening to discuss whether to oust Chief Executive Officer Jensen Huang. The company did not immediately respond to questions about the meeting.
The meeting marks a turn from prior reporting. On Sunday, the board had said it had confidence in Huang and his leadership team. The Wall Street Journal previously reported that the board was preparing to oust Huang and planned to meet as soon as Wednesday to decide his future.
The background includes Huang's relationship with Alice Huang, who has been accused of being a Chinese spy, as well as another relationship with Kimberly Powell, vice president of Nvidia's medical business. Under the company's bylaws, directors may, by majority vote, remove executives with or without cause. Huang holds about 3.6% of the shares, and there is currently no clear successor.
Original source:
Title: Nvidia board meets to decide CEO Huang's future as leadership crisis deepens
Publisher: Reuters
Publication date: 2026-11-11
URL: reuters.com/technology/nvidia-is-preparing-oust-ceo-jensen-huang-wsj-reports-2026-11-11
Nature of source: Media report
Verification status: The full article text was read for this report, verification date 2026-11-12, no access restrictions
Supporting content: Supports that a person familiar with the matter said the board was meeting Wednesday evening to discuss whether to oust Huang, that the company did not immediately respond, that this marks a turn from the Sunday statement, and that the bylaws allow directors to remove executives by majority vote. It does not prove that the meeting has made a final decision or that Huang has been ousted.
ABAB AI Insight
Since Nvidia was founded in 1993, Huang has served as chief executive officer. The company has a flat organizational structure, he has about 60 direct reports, and he is deeply involved in daily operations and customer relationships. Proxy statements and governance documents both emphasize heavy reliance on the long-tenured executive team, but no detailed succession arrangement has been disclosed.
From the board's statement of confidence on Sunday to the reported meeting on Wednesday to discuss ousting him, the shift is concentrated after reports emerged about the second relationship, with an internal executive. Both the Wall Street Journal and Reuters reports are based on people familiar with the matter, and the company has not confirmed the meeting content or outcome. The bylaws explicitly allow directors to remove executives without cause by majority vote, giving the board a legal path.
Compared with other technology companies, Nvidia has long not established a formal succession plan, making founder-related personal risk directly translate into corporate governance and valuation risk. Analysts had previously pointed out that Huang's departure could affect the pace of innovation and the stability of key talent. The board is also reportedly working with external institutions to identify potential successors, including interim chief executive candidates.
At present, the materials only confirm that the board is meeting to discuss the matter, not that a removal decision has already been made. Any outcome would still require formal board action and a company announcement. Short-term market pricing of leadership uncertainty has already been reflected in multiple analysts' downgrades and target price cuts.
ABAB News · Cognitive Law
When the bylaws allow removal without cause, the board can hold a meeting on leadership continuity before an investigation is completed.
In a founder-led company with no public succession plan, the actions of a single executive can trigger a governance process.
A meeting arrangement reported by a person familiar with the matter does not mean a final decision has already been made.