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Nvidia Shares Internal Emails About a Difficult Period Amid CEO Shakeup

The Verge · AI· Terrence O’Brien·· 11 hours agoRead Nvidia’s internal emails about the ‘extraordinarily difficult period’ amid CEO shakeup
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Image: The Verge · AI
Who
Nvidia
What
accepted the resignation of Jensen Huang as CEO, president, and board member, and appointed CFO Colette Kress interim CEO
Quote
Jensen Huang resigned as CEO of Nvidia this morning, a company he co-founded in 1993.

What happened

Nvidia board chair Harvey Jones said Jensen Huang resigned as CEO and board member, and that the board asked CFO Colette Kress to serve as interim CEO while it searches for a permanent successor. In her first email as interim CEO, Kress called the period “extraordinarily difficult” and said leadership would hold a company meeting on November 18 at 9am PT.

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See the full storyNvidia Names Colette Kress Interim CEO After Jensen Huang Resigns

Reported by 3 sources

    The story so far

    Nvidia’s board accepted Jensen Huang’s resignation as CEO, president and board member, effective immediately, and appointed CFO Colette Kress interim CEO while it searches for a permanent successor. The company also named former Synopsys CEO Harvey C. Jones its first board chair. The resignation followed reports of two extramarital affairs, including one with an Nvidia executive who reported to Huang. The Decoder reported that the other involved a suspected Chinese spy and that Nvidia had lost roughly $1.4 trillion in market value since October 29; it did not establish that the decline caused Huang’s resignation. After leaving Nvidia, Huang agreed to testify before Congress by Thanksgiving, House Foreign Affairs Committee Chairman Brian Mast said. Mast said the testimony would be behind closed doors and that he expected it to be recorded and transcribed.

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