Israeli Chip Maker Mellanox's CEO Quits After Nvidia Acquisition

Eyal Waldman founded in 1999 the maker of computer-networking products, which was sold last year for $6.9 billion

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Mellanox CEO Eyal Waldman.
Mellanox CEO Eyal Waldman.Credit: Ofer Vaknin
Sagi Cohen
Sagi Cohen

Eyal Waldman, founder and CEO of Mellanox, is stepping down six months after the maker of computer-networking products company was acquired by the U.S. firm Nvidia.

The decision doesn’t come as a surprise. After Nvidia agreed to buy Mellanox last year for $6.9 billion, Waldman committed to remaining at the job only until the acquisition was completed, which occurred in April, after many delays.

Waldman formed Mellanox in 1999 and over the next two decades emerged as one of Israel’s leading high-tech executives. However, he was unusual among Israel tech CEOs because of his extroverted personality, ostentatious lifestyle and willingness to speak out on political issues. Mellanox was one of the few Israeli companies to employ Palestinians in research and development centers in the West Bank.

After the Nvidia deal was completed in the midst of the coronavirus pandemic, Waldman said Nvidia would expand its Israel operations. “The two companies have announced that they will not lay off employees or put them on unpaid leave,” he said. “We will continue to recruit workers for the two companies. The coronavirus crisis hasn’t changed our hiring program.”

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