Nvidia CEO and co-founder Jensen Huang has resigned, the company's board announced on Thursday, ending weeks of turmoil. Previous reports alleged the executive had affairs with multiple women, and national security concerns contributed to the company's stock price falling to an eight-month low.
Nvidia Chief Financial Officer Colette Kress will serve as interim CEO until the board finds a permanent successor. During this period, she will continue to serve as the company's CFO, and the selection process will include both internal and external candidates.
Colette Kress
The board also appointed tech executive Harvey C. Jones as Chairman of the Board. Jones previously served as CEO of software company Synopsys and has been a member of Nvidia's board since 1993.
Harvey C. Jones
In a statement, Jones said, "Colette has led Nvidia through an extraordinary period of growth, demonstrating a deep understanding of our business, customers, operations, and financial position. She has an experienced leadership team that has played a key role 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 smoothly."
