Why Nvidia turned to ‘strategic’ CFO Colette Kress to clean up Jensen Huang’s mess
Kress will become Nvidia's interim CEO after the shock resignation of Jensen Huang.
The leadership at Nvidia took a surprising turn as Colette Kress, the company's CFO, is set to serve as the interim CEO. This move comes amidst the controversy surrounding Nvidia's founder, Jensen Huang, who resigned amid allegations of affairs and potential Chinese espionage. Kress, who has been at the helm of Nvidia since 2013, has been instrumental in the company's growth and has been a frequent face representing the business to Wall Street.
As Nvidia's stock has surged over the years, Kress has been a key figure in the company's representation and success. In a statement, Harvey Jones, the newly-appointed chair of Nvidia's board of directors, emphasized Kress's role in leading the company through its extraordinary growth, and her deep understanding of their business.
Despite the controversy surrounding Huang, the board decided Kress, with her extensive experience and influence, can take over as interim CEO. Kress, who has ranked on Fortune's Most Powerful Women list for the past three years, expressed her deep belief in the company. She informed Nvidia's staff that the company would hold a meeting on Nov. 18 to discuss its future, following its third-quarter financial results.
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