Colette Kress, Nvidia finanace chief for over a decade, replaces Jensen Huang as interim CEO

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Colette Kress has served as Nvidia’s Executive Vice President and Chief Financial Officer (CFO) since joining the company in September 2013.

Colette Kress, Nvidia’s longtime finance chief, has been named interim CEO after Jensen Huang stepped down with immediate effect, bringing his 33-year tenure at the company to an end amid a widening scandal. Huang stepped down as president, CEO and board member following revelations that he had two extramarital affairs, one of which involved a woman accused of spying for China.

Kress’s appointment was announced on Thursday, following Huang’s resignation. The company’s board said it has initiated a search for a permanent CEO and will consider both internal and external candidates.

“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, Chair of the Nvidia Board of Directors.

“She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption,” he added.

(Also Read: Jensen Huang resigns as Nvidia CEO amid Alice Huang controversy)

Colette Kress has served as Nvidia’s Executive Vice President and Chief Financial Officer (CFO) since joining the company in September 2013. During her tenure, she has led the company’s finance organisation and played a key role in its growth and evolution, according to a press release announcing Jensen Huang’s resignation.

Before joining Nvidia, Kress spent nearly 25 years in finance roles at major technology companies, including Cisco, Microsoft and Texas Instruments.

According to Nvidia’s official site, Kress previously served for three years as senior vice president and CFO of Cisco’s Business Technology and Operations Finance organisation.

Prior to Cisco, Kress spent 13 years at Microsoft, including four years as CFO of its Server and Tools division.

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