- Who
- Nvidia
- What
- accepted the resignation of Jensen Huang as CEO, president, and board member, and appointed CFO Colette Kress interim CEO
What happened
Nvidia says co-founder and CEO Jensen Huang resigned as president, CEO, and board member, effective immediately, and CFO Colette Kress has taken over as interim CEO while the company searches for a successor. Kress joined Nvidia in September 2013 after working at Cisco and Microsoft, and has regularly appeared on Nvidia earnings calls.
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See the full storyNvidia Names Colette Kress Interim CEO After Jensen Huang ResignsReported 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.