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The report pointed out that if Huida’s board of directors decides to replace Huang Renxun, the company currently has no clear successor; At the same time, he will pass more power to his children, which has also fueled speculation about family succession.
Huida (NVIDIA ) who can pick upJen-Hsun Huang Class? Although he has said that the board should have several successor candidates to choose from, no clear candidate has emerged. But in recent years his children have gained more power at the company, and some employees believe he is paving the way for the family succession.
The New York Times reported that Huida has no high-profile internal candidate to take over the chip giant if the board decides to replace Huang based on the outcome of the investigation. This is different from Apple’s situation at the time: before Steve Jobs died due to illness,to cook (Tim Cook) took charge easily.
Five current and former employees revealed that Huang had given more power to his children over the years. Son Spencer Huang serves as director of product management and plays a leading role in the robotics business; Daughter Madison Huang is the senior director of product marketing and is involved in the robotics business as well as communications and marketing. Son-in-law Nico Caparese is engaged in business development.
The Huang family’s increasingly important role in the company has made some employees dissatisfied. Some people think Huang is grooming his children to take power. However, this is an employee’s observation, not the succession arrangement announced by HUIDA.
Because the children have direct access to Huang, and all major company decisions are ultimately made by him, unusual power relations also emerge at the meeting. Some customers, suppliers and consultants have taken the initiative to build relationships with their children.
Another difficulty in taking charge is that Huida’s daily operations are highly dependent on Huang Renxun. He is not only the co-founder but also the largest individual shareholder holding 3.56% shares, with over 60 executives reporting directly to him. He leads the company primarily through project meetings, attended by everyone from recent graduates to senior executives.
For now, Huang will continue to lead the company during the investigation.
Summary FAQ
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Because Huang Renxun has been leading the company’s major decisions for a long time, there are more than 60 supervisors reporting directly to him, and there is no clear No. 2 figure internally, like when Cook took over Apple.
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Son Huang Shengbin is the director of product management and leads the robot business; Daughter Huang Minshan is the senior director of product marketing and is also involved in robots, communications and marketing.
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Because Huang Renxun has given more power to his children in recent years and they can interact directly with Huang, some employees, customers and suppliers speculate that he may pave the way for family succession.
