Huang Renxun is exposed again! Involving the 48-year-old female vice president, Huida’s stock price plummeted by more than 9% after the market closed.

The New York Times reported on the 11th, citing sources, that Huang had an extramarital affair with a direct vice president of the company.

[Real-time News/Comprehensive Report] Huida CEO Huang Renxun’s extramarital affair scandal spread. The New York Times reported on the 11th, citing sources, that Huang had had an extramarital affair with a direct vice president of the company; the Wall Street Journal later revealed that Huida’s board of directors was considering replacing Huang. As soon as the news came out, the market was shaken, and Huida's stock price plummeted by more than 9% after the market closed on Wednesday.

Kimberly Powell, vice president of Faida Healthcare, was revealed by foreign media to have had an extramarital affair with CEO Jensen Huang. (Picture taken from Nvidia official website)

The New York Times reported that according to five former Huida employees, Huang, 63, had an extramarital affair with Kimberly Powell, the 48-year-old company vice president, and both parties were married.

Powell joined Huida in 2008 and was promoted to vice president of healthcare in 2017, responsible for leading the introduction of chips and AI into medical imaging, biotechnology and drug research and development and other businesses. Insiders revealed that due to Powell's lack of medical and scientific background, the scandal between the two has been circulating within the company for several years.

People familiar with the matter pointed out that during the GTC annual developer conference held in San Jose, California in March this year, Huang Jen-Hsun and Powell were witnessed being intimate during a meeting at a nearby hotel and were recorded on mobile phones by bystanders. Huang Jen-Hsun's security personnel immediately isolated the bystander at the scene and asked him to sign a non-disclosure agreement (NDA).

According to Huida's internal code of conduct, employees must "avoid situations in which their actions may create conflicts," including personal emotional relationships, and the company will promptly investigate inappropriate behavior.

When reporters called for confirmation, Huang Jen-Hsun only responded coldly, "I don't think you should call me directly," and then hung up the phone.

Just minutes after the New York Times article was published, the Wall Street Journal immediately revealed that Huida's board of directors was preparing to replace CEO Jensen Huang. Under the attack of a series of bad news, Huida's stock price plummeted by more than 9% in after-hours trading on Wednesday. In fact, Huida's stock price has fallen by 7% this week, and is heading towards the sixth consecutive week of losses.

People familiar with the matter pointed out that Huida's board of directors will meet as soon as Wednesday to decide Huang Renxun's departure. However, the biggest problem in replacing Huang Renxun is the "succession vacuum". Huang Renxun has about 60 supervisors reporting directly to him within Huida, but he has publicly stated in the past that he "does not believe in succession planning." However, Huida's latest official document has just warned that the company is highly dependent on the existing core team, and if there is no effective succession mechanism, long-term operations will be severely damaged. At present, there is no one on the board of directors who can succeed him as CEO.