Nvidia's Jensen Huang Resigns, CFO Colette Kress Named Interim CEO
Nvidia's board of directors accepted Chief Executive Jensen Huang’s resignation, the company announced Thursday, an ouster that follows his admission of having an extramarital affair with a woman U.S. intelligence officials deemed to be a Chinese spy. The decision by the chipmaking giant deals a swift end to Huang’s 33-year reign as CEO and is sending shockwaves throughout the technology industry.
TL;DR
- Nvidia CEO Jensen Huang has resigned following an extramarital affair with a woman suspected of being a Chinese spy.
- Chief Financial Officer Colette Kress is the interim CEO, with a search for a permanent replacement underway.
- Huang's resignation ends his 33-year tenure, during which he was instrumental in Nvidia's growth, especially in the AI sector.
- The board has appointed Harvey Jones as the first-ever chair of the board.
- Nvidia's stock experienced a decline following the announcement.
- The article draws parallels to the ouster of McDonald's former CEO Steve Easterbrook for similar conduct.
- Huang's influence on the AI industry is considered significant, raising questions about his succession.
- Former President Trump has publicly supported Huang.