Meet Jensen Huang’s son-in-law, a former pro skier and the Nvidia CEO’s ‘consigliere’ who could play a massive role in the company’s succession plan
Nvidia is now investigating Huang’s affair with a woman U.S. officials suspect of spying for China, raising concerns of a “key-man risk” of who could one day replace him.
In January, Nvidia CEO Jensen Huang was asked how he’s managed to lead the company since its 1993 founding.
“The secret for being CEO for this long is, one, don’t get fired, and, two, don’t get bored,” he said at an event in Las Vegas. “I don’t know which one comes first. How long [will I continue as CEO]? For as long as I deserve it.”
Ten months later, Huang is putting that adage to the test: Over the weekend, he admitted to having an affair with a business executive suspected by U.S. intelligence of acting as an operative for the Chinese government. China’s foreign ministry denied the allegation.
As Huang faces increased scrutiny after he admitted to the affair with an alleged spy, he now faces questions about whether he can continue on as the company’s top brass.
Nvidia has since launched an independent investigation into its CEO and his romantic relationship with suspected spy Alice Huang, an executive at Megaspeed International. Megaspeed is a data center and cloud computing company and one of Asia’s largest buyers of Nvidia chips. Nvidia’s board said Sunday that it has no reason to believe national security or company secrets were compromised.
“I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” Huang said in a statement on Sunday.
The probe has reinvigorated investors’ concerns about the need to construct a succession plan, which, notably, Huang and Nvidia have not publicly shared. As of Monday morning, Nvidia stock is down more than 6%. Bernstein analysts, in a note published on Sunday, noted it would be unclear who could or would fill Huang’s shoes because the identity of his company is so inextricably linked to his own.
“Nvidia is not an ordinary company and Jensen is not an ordinary CEO,” they wrote. “He IS Nvidia, clearly sets the long term strategy and direction, and (with supposedly 60 direct reports) pulls most of the company’s strings himself.”
Huang’s two children, Madison and Spencer Huang, both have roles in the company, but Huang’s son-in-law Nico Caprez, Nvidia’s 35-year-old vice president of global AI infrastructure growth, could be among the next in line to lead the AI juggernaut.
“I do imagine Huang is kind of preparing [Madison] and Nico for that next step,” one Nvidia employee who works with Caprez, told The Information last month.
Nvidia did not immediately respond to Fortune ’s request for comment.
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