Jensen Huang resigns as Nvidia chief executive
Nvidia's CEO Jensen Huang is out, and the company's chief financial officer Colette Kress is taking over as interim CEO.
- It comes after a whirlwind week, which saw the company head and co-founder, Jensen Huang, resign amid multiple allegations of extramarital affairs, including one that involved an alleged Chinese spy and two with company employees.
- Nvidia’s board has debated whether, as part of its potential replacement of Huang, to introduce a chief operating officer to serve alongside the interim chief executive, some of the people said.
- Chief financial officer, reportedly disparaged by Huang during summer meeting, to take over on short-term basis The hunt is on for a new Nvidia CEO.
Driving the news: Nvidia's board named longtime CFO Colette Kress interim CEO, while launching a search for a permanent replacement.
Nvidia's Jensen Huang has resigned as CEO of the company, following the revelation of his affair with a woman suspected of being a Chinese spy and reports of a relationship with another woman who was a company employee.
- Names that have been floated include Ian Buck, who manages Nvidia’s AI hardware and software products, and Rene Haas, a former Nvidia employee and the current CEO of Arm Holdings, a UK-based chipmaker.
- Chief financial officer Colette Kress in in charge of Nvidia for now, but several others are in the frame as potential successors.
- They also asked Commerce Secretary Howard Lutnick, Secretary of State Marco Rubio, and White House chief of staff Stephen Miller to preserve documents and communications concerning Huang and the suspected Chinese operative he had an affair with, as well as the correspondence between Huang and Trump.
- One person being considered for the top job is Apple hardware chief Johny Srouji, who was among the executives considered for Intel CEO in 2019, according to another person familiar with the matter.
- The $4 trillion company’s long-tenured board announced a Wachtell Lipton-led probe into whether Huang may have divulged corporate secrets or endangered US national security.
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