Jensen Huang resigns as Nvidia CEO following reports of two extramarital affairs
"Nvidia Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately," the board said in a statement. "Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive... Read Entire Article
Jensen Huang, the CEO of Nvidia, has resigned from his position following allegations of two extramarital affairs. The company's board announced his resignation effective immediately, with Colette Kress, the current Executive Vice President and CFO, taking over as interim CEO. The board is now searching for a permanent replacement.
Huang's troubles began with an affair with Alice Huang, a former executive at a Singapore-based data center company suspected of being a Chinese spy. This was followed by a second alleged affair with Nvidia's VP of Healthcare, Kimberly Powell. Shares of Nvidia fell almost 5% after the affair revelations, causing a $190 billion loss in market value.
Huang had admitted to the first affair on November 8 and apologized to his family and colleagues. Despite the scandal, President Trump defended Huang, praising him as an "honorable guy" who had done an "amazing job" for the country.
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- Jensen Huang resigns as Nvidia CEO after affair with suspected Chinese spy thenationalnews.com
- Nvidia’s Jensen Huang resigns, chipmaker names CFO Colette Kress as interim CEO techcrunch.com
- Nvidia CEO Jensen Huang set to be fired, with Johny Srouji listed among possible replacements 9to5mac.com
- A profile of interim Nvidia CEO Colette Kress, who joined in 2013 after working at Cisco and Microsoft; as CFO, Kress criticized US export controls on China (Adam Satariano/New York Times) nytimes.com
- Nvidia appoints ex-Synopsys CEO Harvey C. Jones as its first-ever board chair; the board's Jensen Huang exit press release does not include a quote from Huang (Hayden Field/The Verge) theverge.com
- AMD shares rose 4%+ after hours after closing up 7.3%, while Broadcom gained 2.4% after hours following a 4% gain, as Nvidia's board weighs ousting CEO Huang (Financial Times) ft.com
- Who could replace Jensen Huang as Nvidia's chief executive? bbc.co.uk
