BREAKING: NVIDIA Announces New CEO as Jensen Huang Resigns
Colette Kress will take his role temporarily.
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After the huge mess with NVIDIA's founder and CEO Jensen Huang reportedly having two extramarital affairs, one of them with an alleged Chinese spy, the company's Board of Directors announced that Huang had resigned as President, Chief Executive Officer, and a member of the Board.
Colette Kress, current Executive Vice President and Chief Financial Officer, will serve as interim CEO while continuing her other roles until the company names a permanent successor, chosen from internal and external candidates.
Kress has served as EVP and CFO of NVIDIA since September 2013, after spending nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
The Board also appointed Harvey C. Jones as its first-ever Chair of the Board. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years and served as CEO and Executive Chairman of Synopsys.
“NVIDIA’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” said Kress. “We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”
NVIDIA will report its third-quarter fiscal 2027 financial results on November 17. The widely discussed scandal fueled not only endless memes but also a plunge in the company's stock.
I'm sure Huang won't stay without work for long. Aside from making NVIDIA extremely successful, he has the qualities that Elon Musk apparently appreciates, as he said it "would be an honor" to hire him.
Huang's departure disappointed many people, including Epic Games' CEO Tim Sweeney.
"A sad day for NVIDIA, developers, America, and all humanity. Jensen founded and ran one of the few companies to reach a massive scale while driving massive continued innovation and ubiquity, while others fell into the trap of ever-increasing extraction," he commented on X/Twitter.
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