Huang Resigns as Nvidia CEO

Jensen Huang has resigned from his roles as president, CEO, and board member of Nvidia, effective immediately. CFO Colette Kress has been designated as the interim chief executive, according to a company statement. The board of directors has appointed Harvey C. Jones to serve as the inaugural chair of the board.

The semiconductor manufacturer’s board convened following reports regarding Huang’s personal conduct, including an alleged affair with an individual accused of being a foreign operative and another relationship with a company executive. The sudden departure of one of the industry's most prominent leaders is a significant development for the head of a firm central to the global AI investment expansion. Huang had led Nvidia since co-founding the entity in 1993, overseeing its rapid growth over the last three decades.

Interim CEO Colette Kress has been a consistent presence during Nvidia’s financial presentations. She held executive positions at Cisco and Microsoft before joining Nvidia in 2013. "Colette has been instrumental in leading Nvidia through a period of historic growth and possesses a comprehensive understanding of our operations, clientele, and financial structure," Jones stated. "She is supported by a veteran leadership team that has been vital to executing Nvidia’s strategy and technological roadmap."