Nvidia CEO Jensen Huang resigns amid personal scandal
AgenciesJensen Huang resigned as chief executive of AI giant Nvidia on Thursday, the company said, after revelations he had two extramarital affairs, including one with a woman acc...
Nvidia CEO Jensen Huang has resigned from his position at the AI giant following allegations of extramarital affairs, including one with a woman accused of spying for China. Huang, 63, has been the company's founding leader since its inception in 1993. Former CFO Colette Kress will serve as interim CEO as the board searches for a permanent successor.
Shares of Nvidia plummeted over 10 percent in premarket trading after the announcement, dropping nearly 25 percent from its all-time high in early October. The scandal has sent shockwaves through the tech industry, with Nvidia's stock being dragged down by concerns over the leadership crisis. Beijing has denied the spying allegations against Alice Huang, the woman involved in the affair.
Chief Financial Officer Colette Kress, who has been with Nvidia since 2013, stated that she is committed to building on the foundation created by Huang over the past 33 years. The board appointed Harvey Jones, a former CEO of Synopsys, as its first-ever chair.
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