Nvidia’s Kress named interim CEO after Huang resigns, report says
Original title: Jensen Huang didn’t show confidence in his successor, report says
The Wall Street Journal says Huang privately called his successor a poor strategy partner before resigning amid affair reports.
The Wall Street Journal, citing an anonymous source, reports that former Nvidia CEO Jensen Huang called CFO Collette Kress “a deer in the headlights” and said she could not help steer strategy. Kress, Nvidia’s CFO for more than 13 years, is now interim CEO after Huang resigned Thursday. The report says she questioned credit-based chip deals and scaled back Nvidia’s commitment to an OpenAI Ohio data center from talks of $250 billion to $105 billion. Nvidia is searching for a permanent CEO.
Unconfirmed: The characterization of Kress rests on an anonymous source cited by the Wall Street Journal.
- Huang’s comment came in a finance meeting about chip-purchase guarantees.
- Kress previously was SVP and CFO of Cisco’s Business Technology Operations Finance.
- Reuters later reported a third alleged affair after the resignation.
- Nvidia is also investigating a possible Chinese espionage plot, the report says.
- Vendors
- Nvidia
From the original article
1 min read at techcrunch.com
Huang described Kress as a "deer in the headlights" during a meeting in summer.
By Ivan Mehta · techcrunch.com
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