- Nvidia’s petition has topped 78,000 signatures, including 42,038 shareholders.
- Six of Nvidia’s 10 remaining directors would need to support Huang’s return as CEO.
- Nvidia shares closed Nov. 12 about 11% below their Nov. 6 level as Kress took over as interim CEO.
An open letter urging Nvidia’s board to reinstate Jensen Huang has gathered more than 78,000 signatures following his resignation as CEO on November 12.
The campaign has drawn support from employees, shareholders, and other supporters, but the decision to reinstate him rests solely with the board. The petition adds to the attention surrounding Nvidia’s leadership transition as the company considers its next steps.
What the Petition Asks Nvidia to Do
The volunteer-run Stand with Jensen campaign is asking Nvidia’s board to reinstate Huang while an independent investigation examines the circumstances surrounding his departure. If the board refuses, the petition wants it to explain why his absence benefits the company. It also calls for Huang to be given an opportunity to respond and for the board to publicly disclose its concerns.
The site’s counter lists 4,482 current employees, 778 former employees, 42,038 shareholders and 30,059 supporters. Organizers say affiliations are self-reported and unverified. They also review new signatures, and messages that mock or criticize Huang may be rejected.
Elon Musk said on an X post that he was signing the petition. Other listed supporters include Epic Games CEO Tim Sweeney, Y Combinator’s Garry Tan and Replit CEO Amjad Masad. Inside Nvidia, an employee suggestion-box post asking the board to consider staff sentiment had drawn more than 1,600 comments, most supporting Huang’s return.
Follow us on X for real-time crypto updates.
The Board Holds the Decision
Nvidia’s rules give the board control over executive appointments. With 10 directors remaining, six would need to support Huang’s return. Shareholders have no direct vote on the CEO, and Huang’s reported 3.58% voting stake cannot compel the board to act.
The petition therefore offers a public measure of support, not a formal path to reinstatement. Its impact for investors may lie in what it says about employee and shareholder concern during a leadership transition.
Huang resigned as president, CEO, and board member after disclosing an affair and reports of other relationships. One involved Alice Huang, a Megaspeed executive whom U.S. intelligence agencies reportedly suspect of spying for China. Following Huang’s resignation, Nvidia CFO Colette Kress was appointed interim CEO, while former Synopsys CEO Harvey Jones became board chair.
Nvidia shares closed November 12 about 11% below their November 6 level. The company is due to report earnings on November 17, with Kress expected to address employees the following morning. Those activities may give investors information about operations under interim leadership.
Subscribe to our YouTube channel for the latest crypto news.
Related: Nvidia Q3 Earnings Preview: Revenue Expectations and Key Metrics to Watch
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
