Jensen Huang resigns, CFO Colette Kress appointed interim CEO at Nvidia
Company co-founder seemingly ousted following multiple affair scandals.
Jensen Huang, the co-founder of Nvidia, has resigned from his roles as CEO and president, effective immediately. The tech giant's Board of Directors announced the resignation, citing a series of scandals surrounding Huang. First, an affair he later admitted to, involving a datacenter company executive who was suspected of working for Chinese intelligence.
Secondly, an alleged affair with an Nvidia executive. Huang, who has led the company since its inception in 1993, has overseen its growth and success. Following the announcement, Nvidia's share price dropped to its lowest levels since June 2025, plunging around 12% in pre-market trading. Colette Kress, Nvidia's CFO and Executive Vice President, has been appointed as interim CEO to ease the transition.
Kress will continue to serve as CFO while also serving as Interim CEO until a permanent successor is named. The Board is currently conducting a search for a permanent CEO, considering both internal and external candidates. Huang has also resigned from his position as president and from the board of directors. The company is now left to find its next full-time CEO, a process that may take some time.
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