Downloaded  Save to Library  Preview Crop  Find Similar   File #:  393402738 Nvidia logo and sign on headquarters. Blurred foreground with green trees - Santa Clara, California, USA - 2020

Nvidia Names Colette Kress Interim CEO as Jensen Huang Resigns

Executive Vice President and CFO Colette Kress will lead the company while the board searches for a permanent chief executive.

Jensen Huang has resigned immediately as president, chief executive officer and a member of the board of directors at Nvidia after a 33-year tenure.

According to a Reuters report, Huang stepped down following revelations of two extramarital affairs. One relationship involved Kimberly Powell, Nvidia's vice president of healthcare, who reported directly to him. The other involved Alice Huang, a former executive at Singapore-based cloud partner Megaspeed whom U.S. intelligence officials suspect of acting on behalf of Chinese intelligence.

Reuters further stated that Nvidia's board had previously launched an independent probe into whether Huang was targeted by a foreign intelligence operation. U.S. authorities have also separately investigated Megaspeed and Alice Huang over potential violations of U.S. export controls, and Huang has agreed to testify before Congress ahead of Thanksgiving.

Executive Vice President and Chief Financial Officer Colette Kress has agreed to serve as interim chief executive officer while continuing her finance duties until a permanent successor is named. The board is initiating a search for a permanent CEO and will consider internal and external candidates.

Kress has led Nvidia's finance organization since joining the company in September 2013. Before Nvidia, she spent nearly 25 years in finance roles at technology companies including Cisco and Microsoft.

The board also appointed Harvey C. Jones as its first-ever chair. Jones has been an entrepreneur, technology executive and venture investor for more than 30 years, including serving as chief executive officer and executive chairman of Synopsys.

According to the board, company operations, customer commitments and product roadmaps are expected to continue without interruption. Nvidia will report its third-quarter fiscal 2027 financial results Tuesday at approximately 1:20 p.m. PT, followed by an earnings call at 2 p.m. PT.

About the Author

Jesse Jacobs is assistant editor of SecurityToday.com.

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