Nvidia CEO Jensen Huang resigns, tech giant appoints Colette Kress as Interim CEO: Report

Detailed summary

Nvidia CEO Jensen Huang has resigned from his position and the company appointed Colette Kress as Interim CEO, according to Reuters. For about a decade, Livemint—News Desk has…

Nvidia Corporation co-founder Jensen Huang has stepped down as president, chief executive officer (CEO) and board member, effective immediately, amid the controversy surrounding his relationship with Alice Huang, a former business executive suspected of having links to Chinese intelligence.

According to an official statement, issued on Thursday, Nvidia's chief financial officer (CFO), Colette Kress, has been appointed as the interim CEO while the technology giant considers its next leadership steps. Kress will continue to serve as the company's executive vice-president and CFO.

It also named former Synopsys chief executive and board member Harvey Jones as its first-ever board chairman.

Huang co-founded Nvidia in 1993 and is its fourth-largest investor with a stake of about 3.61%. Nvidia shares fell more than 10% in premarket trading, and weighed on the broader market.

Nvidia CFO Colette Kress has been appointed interim CEO while the company considers its next leadership steps. She will continue as executive vice-president and CFO.

Huang stepped down amid controversy over his reported relationship with Alice Huang, a former business executive suspected of links to Chinese intelligence. The related reports also describe an Nvidia board investigation into the matter.

Yes. The main article says Huang stepped down as Nvidia’s president, CEO and board member, effective immediately.

No permanent successor is named in the articles. Colette Kress is serving as interim CEO while Nvidia considers its next leadership steps.

Yes. Nvidia says Kress will continue to serve as executive vice-president and CFO alongside her interim CEO role.

Opening of the article, excerpted from Mint. To read the rest, open the article on the publisher's site.