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Nvidia’s board of directors removed Jensen Huang as chief executive on Thursday, just three days after giving him a vote of confidence and less than a month after a national security scandal and an affair allegation began tearing through the company he founded in 1993.
The Nvidia board reached its decision after an hours-long meeting Wednesday at the roughly $4 trillion company. It capped a remarkable stretch even by the standards of a tech industry that has watched Nvidia become the linchpin of the artificial intelligence boom. Huang had been fighting to keep his job since October 29, when the media reported on a “close relationship” between him and a woman named Alice Huang, a Chinese citizen and executive at Megaspeed, the largest buyer of Nvidia chips in Southeast Asia, who U.S. intelligence suspects of spying for Beijing.
The company announced that CFO Colette Kress will serve as interim CEO as it searches for a permanent replacement:
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.
nypost.com
The Nvidia board reached its decision after an hours-long meeting Wednesday at the roughly $4 trillion company. It capped a remarkable stretch even by the standards of a tech industry that has watched Nvidia become the linchpin of the artificial intelligence boom. Huang had been fighting to keep his job since October 29, when the media reported on a “close relationship” between him and a woman named Alice Huang, a Chinese citizen and executive at Megaspeed, the largest buyer of Nvidia chips in Southeast Asia, who U.S. intelligence suspects of spying for Beijing.
The company announced that CFO Colette Kress will serve as interim CEO as it searches for a permanent replacement:
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.
Jensen Huang quits as Nvidia CEO in wake of Chinese ‘spy’ scandal and second alleged affair
Jensen Huang resigned as Nvidia CEO Thursday after the chipmaking giant was left reeling over the revelations that he allegedly had affairs with a suspected Chinese honeypot as well as a company ex…
nypost.com
