Jensen Huang Didn't Show Confidence in His Successor, Report Says
Jensen Huang reportedly belittled his Chief Financial Officer over credit-support strategies during a meeting, with Nvidia’s stock price falling 14 percent over the past week, the company reported.
- On Thursday, Nvidia CEO Jensen Huang resigned following revelations of three extramarital affairs and reports that he belittled Chief Financial Officer Colette Kress during company meetings.
- During an August strategy meeting, Huang branded Kress 'a deer in the headlights' and a 'reporting CFO' while interrupting her presentation on credit-based financing for data center operators.
- Nvidia's share price plummeted around 14 percent over the past week amid Huang's affairs, including one with Alice Huang, suspected by American intelligence of being a Chinese spy.
- Kress has been appointed interim CEO, vowing in a staff memo to continue 'building on the extraordinary foundation' Huang established during his 33-year tenure at Nvidia.
- Nvidia is searching for a permanent successor while Huang faces a congressional testimony request before Thanksgiving, as authorities investigate whether Alice Huang illegally diverted chips to Beijing.
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25 Articles
Nvidia’s Jensen Huang had clashed with interim CEO Colette Kress: ‘Deer in the headlights’
Colette Kress, the interim CEO of Nvidia, had a tense past with ousted Jensen Huang – including an embarrassing meeting this summer where Huang tore into her as a “deer in the headlights,” according to a report.
At 59 years old, Colette Kress inherits, on an interim basis, a $4 trillion giant shaken by the sudden fall of its founder. ...
A dramatic meeting this summer at NVIDIA, a threat from Mercedes and a 'quality building' that residents will have to move out of after just three years. These are the headlines in Wednesday's edition of Business Update.
Jensen Huang and Collete Kress REUTERS Jensen Huang, former CEO of Nvidia, despised Colette Kress, executive who temporarily assumed command of the company months before leaving office. During a meeting in August, convened to discuss the risks of billion-dollar financing agreements to companies buying Nvidia chips, Huang interrupted a presentation by Kress and called it "a deer in front of the headlights", an expression used to describe someone …
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