Nvidia CEO Jensen Huang resigns; Colette Kress named interim
Original title: Jensen Huang is out at Nvidia — who is Colette Kress, his interim replacement?
The board said the exit is immediate, with quarterly earnings due Tuesday and no permanent successor named.
Nvidia's board said co-founder Jensen Huang resigned as president, CEO and director, effective immediately, after 33 years. CFO Colette Kress is interim CEO while the company searches for a successor. The report says he was ousted after reports of affairs involving an alleged Chinese spy and a direct report. Kress has been Nvidia's CFO since September 2013.
Unconfirmed: The affair allegations are attributed to reports, not to findings stated by the board.
- The article says Huang never established a succession plan.
- Kress previously held finance roles at Cisco and Microsoft.
- Forbes estimates Kress's net worth at about $1.2 billion.
- Nvidia is scheduled to report quarterly earnings on Tuesday.
- Vendors
- Nvidia
From the original article
2 min read at techcrunch.com
Nvidia CFO Colette Kress is taking over for as an interim replacement for longtime CEO Jensen Huang, who is embroiled in scandal.
By Amanda Silberling · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.