Huang steps down as Nvidia boss after second affair uncovered
Jensen Huang has resigned as Nvidia CEO following reports of a second extramarital affair.
In a statement on Thursday (12 November), Nvidia’s board confirmed Huang’s resignation and praised his leadership at the company.
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer.
Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named.
The Board said it initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution.
Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, Chair of the NVIDIA Board of Directors. “
She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”
“Jensen’s contributions to Nvidia are profound”, the board said.
“Nvidia is one of the most consequential technology companies in the world,” it says, adding the board and company “thank Jensen for his immeasurable contributions to the company and the industry”.
“We will continue advancing the work that has made Nvidia a leader in accelerated computing and AI, and execute on the opportunities ahead,” the interim CEO Colette Kress says.
“Our focus remains on serving our customers, partners, developers and shareholders.”
