From Business Insider · Geoff Weiss · · 1m 30s
Nvidia's interim CEO reassures staff after Huang's exit
Colette Kress takes over as interim CEO while the board searches for a permanent successor to Jensen Huang.
In brief
Colette Kress takes over as interim CEO while the board searches for a permanent successor to Jensen Huang. Jensen Huang resigned as Nvidia CEO and board member. CFO Colette Kress became interim CEO while the board searches for a permanent successor from internal and external candidates. Originally reported by…
Huang steps down as CEO
Jensen Huang resigned as CEO and board member of Nvidia, the company he cofounded more than three decades ago. The departure was described as abrupt.
Kress named interim CEO
Colette Kress, Nvidia's chief financial officer for over thirteen years, was asked by the board to serve as interim CEO while it searches for a permanent successor.
Board chair Harvey Jones appointed
Harvey Jones was appointed as the first-ever chair of Nvidia's board of directors. He emphasized Kress's deep understanding of the business and markets.
Kress's track record
As CFO for over thirteen years, Kress was described as a key architect of Nvidia's growth and capital strategy. The board expressed full confidence in her leadership.
“As CFO for over 13 years, Colette has been a key architect of NVIDIA's growth and capital strategy.”
Company meeting scheduled
Kress said leadership would host a company meeting on November eighteen at nine am PT to discuss Nvidia's future and next steps following the leadership change.
Search for permanent successor
The board is searching for a permanent CEO successor, considering both internal and external candidates. The search will continue while Kress leads as interim CEO.
Here's the gist
Jensen Huang resigned as Nvidia CEO and board member. CFO Colette Kress became interim CEO while the board searches for a permanent successor from internal and external candidates.
