Nvidia names Collette Kress interim CEO after Huang resigns
Original title: Nvidia CEO Jensen Huang resigns after reports of extramarital relationships
Shares had already fallen 11% this week, erasing nearly $500 billion in paper value, before the resignation.
Nvidia's board named longtime CFO Collette Kress interim CEO after founder Jensen Huang resigned and said it will search for a permanent successor. The move follows reports of affairs, including one with Alice Huang, whom U.S. officials suspect was a Chinese intelligence asset, and an unverified New York Times report about a relationship with a healthcare executive who reported to him. The board is investigating whether Huang was targeted in a foreign intelligence plot. China called the allegations unsubstantiated.
Unconfirmed: NBC has not verified the second affair, and Alice Huang's exact relationship with China's spy service is unclear.
- NBC News has not independently verified the Times' claims about the healthcare executive.
- A former official said Alice Huang may have been asked to cooperate rather than being a career spy.
- Megaspeed and related firms remain under a U.S. criminal investigation over alleged chip smuggling into China.
- Nvidia has said it follows U.S. export laws.
- Vendors
- Nvidia
- Organizations
- Megaspeed
- Countries
- United StatesChinaSingapore
From the original article
4 min read at nbcnews.com
In Collette Kress, Nvidia’s board selected a steady hand to steer the company in its most uncertain period ever. Kress has been the company’s chief financial officer since 2013. She is a familiar face to Wall Street, regularly appearing at conferences and discussing the intricacies of the company’s sprawling operations.
By sonabinu · nbcnews.com
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