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Jensen Huang exits Nvidia after 33 years: What the company said about the shock move
The board named finance chief Colette Kress interim CEO and opened a search for a permanent successor after Huang’s abrupt departure.
- On Thursday, Nvidia CEO Jensen Huang resigned as president, CEO, and board member, with the Board appointing Chief Financial Officer Colette Kress as interim CEO while searching for a permanent successor.
- Jensen's resignation follows controversy involving an extramarital affair with Alice Huang, a businesswoman US intelligence agencies suspect of gathering information for Beijing, prompting the Board to launch an independent investigation.
- Jensen co-founded Nvidia in 1993 and led the company for 33 years into an AI powerhouse, while interim CEO Colette Kress brings over 13 years as CFO plus nearly 25 years in finance at Cisco and Microsoft.
- Newly appointed Board Chair Harvey Jones expressed "full confidence" in Kress and the leadership team, while Kress will continue her CFO duties and host a company meeting on November 18 to discuss the future.
- The Board is considering both internal and external candidates to replace Jensen permanently, as Kress emphasized that Nvidia remains committed to its product roadmap and advancing accelerated computing without interruption.
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Kress, 59, joined Nvidia in 2013 as financial director and executive vice president
Sovereign wealth funds, central banks, hedge funds and millions of individuals have invested huge sums in Nvidia - The administrative crisis with Huang's resignation highlights the dependence of international markets on the American artificial intelligence giant - Who is Colette Kress, who takes over as interim CEO
·Marousi, Greece
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Here's what Nvidia interim CEO Colette Kress and board chair Harvey Jones wrote to Nvidia employees
Interim CEO Colette Kress and board chair Harvey Jones emailed Nvidia employees, expressing gratitude for "resilience, professionalism and continued dedication
·Englewood Cliffs, United States
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Nvidia Names CFO Colette Kress As Interim CEO After Jensen Huang Resigns
·Jersey City, United States
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Total News Sources57
Leaning Left5Leaning Right7Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 23%
C 45%
R 32%
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