Shillong: Jensen Huang resigned as President, Chief Executive Officer, and board member of NVIDIA Corp. on Thursday. The departure follows pressure regarding an affair with a woman suspected of ties to Chinese intelligence. Huang's exit is effective immediately.
The company board tapped Colette Kress to serve as interim Chief Executive Officer. Kress will hold the position while maintaining her duties as Executive Vice President and Chief Financial Officer. She joined the firm in September 2013 and previously held finance roles at Cisco and Microsoft.
The board launched a search for a permanent leader. They plan to vet both internal and external candidates. "NVIDIA Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately," the company stated.
Harvey C. Jones steps in as the first-ever Chair of the Board. A former CEO of Synopsys, Jones brings experience in venture investment. Jones claims the leadership team remains stable. He expects operations and product roadmaps to continue without any interruptions. Investors reacted sharply to the shakeup. NVIDIA shares slid more than 10 percent during Thursday pre-market trading.
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