Nvidia CEO Jensen Huang resigns after reports of extramarital relationships
The board named CFO Colette Kress interim chief executive as Nvidia opened a search for a permanent replacement and faced a shareholder lawsuit.
- On Thursday, Nvidia CEO Jensen Huang resigned following reports of multiple extramarital relationships, and the board named Chief Financial Officer Colette Kress as interim CEO.
- Reports surfaced that Huang had affairs with Kimberly Powell, a company vice president, and Alice Huang, an executive U.S. intelligence suspects of spying for China. The board is investigating whether Huang fell victim to a foreign intelligence effort.
- Nvidia shares dropped nearly 9% in after-hours trading Wednesday, wiping out nearly $500 billion in paper value this week amid leadership uncertainty.
- President Donald Trump defended Huang as an 'honorable guy' on Sunday, while multiple Washington officials demanded greater scrutiny; Tesla CEO Elon Musk said it 'would be an honor' to hire him.
- Authorities continue investigating Megaspeed, an Nvidia customer linked to alleged chip smuggling, while Kress remains 'committed to building on the extraordinary foundation Jensen created' over 33 years.
163 Articles
163 Articles
Co-founder and central figure of the current AI investment cycle, Jensen Huang will leave the position of Executive Director and also leave the board of Nvidia. While looking for a definitive successor, Nvidia decided to hand over the interim leadership to Financial Director Colette Kress, and appoint Harvey Jones, former Executive Director of Synopsys [...]
Jensen Huang has left his post as CEO of the chip giant Nvidia after scandals related to various infidelities that included a relationship with an alleged Chinese spy and that have caused a collapse of actions in recent days.
Colette Kress, the former head of finance, temporarily takes over his duties, the U.S. company announced.
Nvidia CEO Jensen Huang resigns, CFO Colette Kress to serve as interim leader
By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — Jensen Huang, the founder who propelled Nvidia to become one of the world’s most valuable companies, has resigned from his role as chief executive after 33 years. Chief Financial Officer Colette Kress has been appointed interim chief executive, Nvidia’s board said Thursday, as it considers
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