The Chief Executive Officer of American technology giant Nvidia, Jensen Huang, has resigned following reports of two extramarital affairs, including one involving a businesswoman suspected by US authorities of spying for China.\n<\/p>\n
BBC reports that the company announced on Thursday that Huang had resigned as president, CEO and member of its board with immediate effect.\n<\/p>\n
Nvidia\u2019s Executive Vice President and Chief Financial Officer, Colette Kress, has been appointed interim CEO while the board searches for a permanent successor.\n<\/p>\n
The announcement followed reports that the company\u2019s board met on Wednesday to consider Huang\u2019s future after revelations of a second alleged affair with an executive at Nvidia.<\/p>\n
In a statement published on its website, Nvidia said Kress would retain her position as chief financial officer while serving as interim CEO.<\/p>\n
The company also appointed board member Harvey Jones, a former chief executive of technology company Synopsys, as its first-ever board chairman.\n<\/p>\n
Huang\u2019s departure comes amid growing scrutiny over his personal relationships and concerns about possible foreign intelligence activity involving the company.<\/p>\n
The New York Times had reported that Huang was involved in a relationship with Alice Huang, a former executive of Singapore-based data centre company Megaspeed International, whom US intelligence officials reportedly suspected of working for China. <\/p>\n
Huang later admitted in a message to Nvidia employees that he had been unfaithful to his wife and apologised to her and their children.\n<\/p>\n
In a separate report on Wednesday, The New York Times alleged that he also had an affair with Kimberly Powell, Nvidia\u2019s vice-president of healthcare, who reportedly reported directly to him.\n<\/p>\n
The newspaper, citing sources familiar with the matter, reported that the pair were seen being affectionate at a hotel during an Nvidia conference in March.\n<\/p>\n
Nvidia\u2019s board had earlier launched an independent investigation into reports that Huang was the target of a foreign intelligence operation. It said at the time that it had no reason to believe that the company\u2019s secrets or national security had been compromised.\n<\/p>\n
Reuters reported on Thursday that Nvidia shares fell by more than 10 per cent in pre-market trading following the announcement of Huang\u2019s departure.\n<\/p>\n
Huang co-founded Nvidia in 1993 and led the company for more than three decades, transforming it from a graphics chip maker into a major supplier of processors used in artificial intelligence systems.<\/p>\n
The company\u2019s chips have become central to the global AI industry, making Nvidia one of the world\u2019s most valuable technology companies.\n <\/p>\n
Source: <\/p>\n
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