Jensen Huang resigns as Nvidia CEO, Kress named interim chief

Jensen Huang resigned as Nvidia's chief executive on Thursday, ending his 33-year tenure at the helm of the AI giant he co-founded, following revelations of two extramarital affairs, one of which allegedly involved a woman accused of spying for China.The company's board said Huang had stepped down as president, CEO and board member with immediate effect.The company will look for a permanent successor and Huang will not remain on the board, it said in a statement. "The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates," the statement read.
Colette Kress, who has served as Nvidia's executive vice-president and chief financial officer since joining the company in September 2013, will take over as interim CEO. The board of directors has also appointed Harvey C Jones as its first-ever chairperson. Jones brings more than 30 years of experience as an entrepreneur, technology executive and venture investor, including stints as CEO and executive chairman of Synopsys.
The board also acknowledged Huang's contributions, describing Nvidia as "one of the most consequential technology companies in the world" and thanking him for his "immeasurable contributions" to the company and the industry. Meanwhile, Nvidia's shares plunged 10 per cent in premarket trading on Thursday.