Nvidia CEO Jensen Huang resigns, appoints Colette Kress interim successor – Businessday NG

Jensen Huang, co-founder and chief executive officer of Nvidia, has resigned with immediate effect after 33 years leading the US chipmaker, with Chief Financial Officer Colette Kress appointed interim CEO.

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In a statement on Thursday, Nvidia’s board confirmed Huang’s departure, saying: “Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.”

The decision follows growing scrutiny over reports of Huang’s extramarital affairs and an investigation into his alleged links to a woman suspected by US intelligence of facilitating restricted chip shipments to China.

Read also: Nvidia board moves to remove Jensen Huang as CEO amid spying controversy

Nvidia said Kress would retain her position as CFO while serving as interim CEO as the board begins searching for a permanent replacement.

Huang’s departure marks a major leadership change at the world’s leading artificial intelligence chipmaker, which he co-founded in 1993.

The company said its operations, customer commitments and product roadmap would continue without interruption.

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Businessday NG