Jensen Huang Quits as Nvidia CEO, Putting $4 Trillion Empire in Transition
Shares fell 10% following Jensen Huang’s resignation amid an independent investigation into his alleged ties to foreign espionage, according to company filings.
- On Thursday, Nvidia Chief Financial Officer Colette Kress was appointed interim CEO after Jensen Huang resigned as president, CEO, and director effective immediately.
- Mounting pressure on Huang followed reports of an affair with a businesswoman suspected of spying for Beijing; he will not remain on the board after leading Nvidia for 33 years.
- Kress, who joined Nvidia in 2013, oversaw revenue growth from $4.13 billion to $215.9 billion. Analysts describe her as a "familiar and trusted voice for the market."
- Nvidia shares fell about 10% before Thursday's market open, while Harvey C. Jones was appointed as the company's first-ever board chair to lead the permanent CEO search.
- Kress faces her first test on November 17, when the company reports third-quarter results; the board is meanwhile considering internal and external candidates for the permanent CEO role.
153 Articles
153 Articles
<p>Jensen Huang, the face of Shi-boom, resigned as CEO of Nvidia after the scandal. The Nvidia board was headed by Harvey Jones, and Colette Cress was the interim CEO. Shares of the company fell 11%, losing $450 billion capitalization.</p>
Nvidia CEO resigns after spy affair – The Horn News
Nvidia CEO Jensen Huang resigned Thursday after his extramarital affair with a suspected Chinese spy raised national security concerns, in a spectacular downfall for the longtime head of the chipmaker, a vital player in the artificial intelligence boom. The company named Colette Kress as interim chief executive. She is the... Read More The post Nvidia CEO resigns after spy affair appeared first on The Horn News - Proudly American, Fiercely Inde…
The technology has started the session on Wall Street in negative less than a week from the presentation of its quarterly results
Nvidia CEO Jensen Huang resigns amid Chinese espionage controversy; Colette Kress named interim chief
WASHINGTON DC: US tech gaint Nvidia’s co-founder Jensen Huang has resigned as president and chief executive with immediate effect, following a board meeting on 12 November amid mounting controversy over his personal relationships and allegations involving a Chinese businesswoman suspected of having links to CCP’s intelligence. The tech company appointed Chief Financial Officer Colette Kress as Nvidia’s interim CEO. She will retain her existing p…
Nvidia's new interim CEO Colette Kress is among America's richest self-made women: Here's how rich she is
Colette Kress has taken charge of Nvidia as interim CEO following Jensen Huang's resignation. The company's longtime CFO has spent more than a decade overseeing its finances and now faces the task of leading the AI chipmaker through a major leadership transition.
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