Nvidia CEO Jensen Huang resigns; CFO Colette Kress to take over as interim chief
Jensen Huang on Thursday resigned as CEO of Nvidia following reports of an alleged affair with a Chinese businesswoman suspected by US authorities of spying for Beijing, the company's board announced.
"Board of Directors announced today that Jensen Huang has resigned as president, chief executive officer, and a member of the board, effective immediately," Nvidia's offical statement read.
According to the board, chief financial officer Colette Kress will take over as interim CEO while the company searches for a permanent successor.
Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61%, will also step down from the board.
Nvidia's board met on Wednesday to consider his removal, a person familiar with the matter said. The meeting followed reports earlier in the day alleging that Huang had also been involved in an extramarital affair with a senior company executive who reported directly to him.
"Board of Directors announced today that Jensen Huang has resigned as president, chief executive officer, and a member of the board, effective immediately," Nvidia's offical statement read.
According to the board, chief financial officer Colette Kress will take over as interim CEO while the company searches for a permanent successor.
Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61%, will also step down from the board.
Nvidia's board met on Wednesday to consider his removal, a person familiar with the matter said. The meeting followed reports earlier in the day alleging that Huang had also been involved in an extramarital affair with a senior company executive who reported directly to him.
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