Nvidia board accepts Jensen Huang's resignation; Kress is interim CEO
Original title: Nvidia CEO Jensen Huang resigns amid spy, affair scandals
The board is searching for a permanent CEO after reports of a second affair with a direct report.
Nvidia's board accepted Jensen Huang's resignation as CEO, president and director, effective immediately, and named CFO Colette Kress interim CEO. Former Synopsys CEO Harvey C. Jones becomes the company's first board chair. Reports cited by The Verge describe affairs with an alleged Chinese intelligence operative at customer Megaspeed and with Nvidia healthcare VP Kimberly Powell. Huang had told employees he had been unfaithful; the board did not include a statement from him.
Unconfirmed: The spy role, the second affair and any effect on China chip policy are reported allegations, not board findings.
- Kress joined Nvidia in 2013 after finance roles at Cisco and Microsoft.
- The board will consider internal and external candidates for a permanent CEO.
- Names floated include Kress, Johny Srouji, Ian Buck, Lisa Su and Rene Haas.
- Nvidia's investment portfolio is described as worth about $99 billion.
- Vendors
- Nvidia
- Organizations
- Megaspeed
- Countries
- ChinaUnited States
From the original article
3 min read at theverge.com
Jensen Huang at GTC Berlin last month. | Photo: Soeren Stache / picture alliance via Getty Images Nvidia's board announced that Jensen Huang - its longtime co-founder, president, and CEO - has resigned after reports of two extramarital affairs, one with an alleged Chinese spy and one with an Nvidia executive who reported to Huang.
By Hayden Field · theverge.com
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