Binance Founder CZ Says Nvidia Was Wrong to Let Jensen Huang Resign

Binance founder Changpeng Zhao criticized Nvidia's leadership transition Thursday, saying the company made a mistake by allowing Jensen Huang to resign as the chipmaker begins a search for a permanent chief executive.

Zhao, known as CZ, posted the criticism on X at 9:38 a.m. ET (14:38 UTC). His post gave no explanation for his view.

Nvidia said Huang's departures from the roles of president, CEO and board director took effect immediately. Chief Financial Officer Colette Kress became interim CEO while keeping her executive vice president and finance roles.

The board began a formal search for a permanent CEO and will consider internal and external candidates. Nvidia Chairman Harvey C. Jones said the board had confidence in Kress and the leadership team, and expected operations, customer commitments and the product roadmap to continue without interruption.

Kress will remain in the interim role until a permanent successor is appointed. The handoff leaves a major AI and semiconductor company under interim leadership while its board weighs candidates.