Jensen Huang resigns as NVIDIA CEO amid affair and investigations

Detailed summary

MANILA, Philippines — NVIDIA CEO Jensen Huang has resigned after admitting to his affair, and investigations on Huang as a target by foreign intelligence efforts. Huang’s…

MANILA, Philippines — NVIDIA CEO Jensen Huang has resigned after admitting to his affair, and investigations on Huang as a target by foreign intelligence efforts.

Huang’s resignation as company president, CEO, and board member took effect immediately, ending his 33-year tenure at the company.

On November 8, Huang sent an email to NVIDIA employees, apologizing for his actions that have affected his family and the company’s reputation.

The same day, the NVIDIA Board of Directors revealed their own investigation on Huang and potential security concerns.

“The NVIDIA Board is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort,” wrote the release on the NVIDIA website.

Huang addressed this in his email, citing that he will fully cooperate with the board.

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Following Huang’s departure, NVIDIA Executive Vice President and Chief Financial Officer (CFO) Colette Kress will serve as interim CEO while retaining her finance position until a permanent successor is appointed.

Kress joined NVIDIA in September 2013 and has led the company’s finance organization throughout her tenure, contributing to its growth and development.

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