Jensen Huang Resigns as Nvidia CEO Amid Independent Probe Into Security and Conduct
CFO Colette Kress named interim CEO as the board searches for a permanent successor following an independent probe into foreign intelligence concerns.
- On Thursday, Nvidia CEO Jensen Huang resigned effective immediately, and the board appointed CFO Colette Kress as interim CEO while launching a search for a permanent successor.
- Mounting pressure followed reports of two extramarital affairs, including one with Alice Huang, a former Megaspeed executive whom U.S. intelligence officials suspected of spying for China, prompting an independent board investigation.
- Nvidia stock tumbled more than 10% in premarket trading Thursday, adding to a weekly decline that wiped out about $500 billion in market value amid concerns about the company's $4 trillion valuation.
- Former Synopsys CEO Harvey Jones has been appointed as Nvidia's first-ever board chair to stabilize leadership, while Kress committed to continuing operations and product roadmaps without interruption over the past 33 years of foundation.
- Nvidia's third-quarter results, scheduled for Tuesday, November 17, will mark Kress's first earnings call as interim CEO amid ongoing scrutiny of the company's central role in global AI infrastructure and investor confidence.
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852 Articles
Nvidia’s Huang resigns, Bombs threats grip Europe, Spain’s PM gets boost before election
Jensen Huang resigns as CEO of NvidiaThe co-founder of the chipmaking colossus resigned on Thursday, just days after admitting to an affair with a suspected Chinese spy. Huang’s exit sends shockwaves through the tech industry and the wider geopolitics attached to it. He was, personally, the force that made Nvidia a dominant player in AI, both as an elite chipmaker and data center investor. His exit could rattle investor sentiment in the AI boom …
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Durango HeraldWho is Colette Kress, Nvidia’s interim CEO? Longtime exec takes top spot after Jensen Huang resigns
Nvidia has appointed Colette Kress as interim CEO following Jensen Huang's resignation. Kress, who joined Nvidia in 2013 and served as executive vice president and CFO, steps into the role during a challenging time for the company.
The technology loses the four billion worth of valuation after the passage to one side of its founder with the presentation of results around the corner.
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