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Nvidia has removed Jensen Huang from the CEO position and he has left the company’s board of directors. The temporary leadership of the company has passed to CFO Colette Kress. The board has already started the search for a permanent successor and intends to consider both internal and external candidates. The cause of the resignation were scandals concerning Huang’s private life and an investigation into threats to US national security.
Nvidia announced the corporate changes on November 12. Kress will retain her position as executive vice president and CFO, combining it with the duties of interim CEO until a permanent executive is appointed. She has worked at Nvidia since September 2013 and previously held financial roles at large tech companies, including Cisco and Microsoft, for nearly 25 years.
For the first time in the company’s history, Harvey C. Jones has been appointed chairman of Nvidia’s board of directors. He has more than 30 years of experience in entrepreneurship, managing tech companies, and venture capital investing. Previously, Jones was CEO and executive chairman of Synopsys.
Nvidia emphasized relying on uninterrupted operations, honoring commitments to customers, and maintaining the product release schedule. Jones stated that the board has full confidence in Kress and the current management team. The interim CEO herself promised to continue implementing Nvidia’s strategy in accelerated computing and artificial intelligence. Huang founded Nvidia in 1993 and led the company for 33 years. The board thanked him for his contribution to the company’s development and the entire tech sector.
Nvidia also confirmed that it will present its fiscal third-quarter 2027 results on November 17, as previously scheduled. We recall that the scandal surrounding Huang erupted early this month after news about his relationship with Alice Huang, former executive of the Singaporean company Megaspeed. U.S. authorities suspect her of ties to Chinese intelligence services. Jensen Huang admitted an extramarital affair. Additionally, yesterday five former Nvidia employees told journalists of a possible romantic relationship between the company head and Kimberly Powell, Nvidia’s vice president for the health sector.
