Nvidia's CFO takes helm as Huang steps down

Huang steps down as Nvidia CEO

Jensen Huang resigned this morning as CEO of Nvidia, the chipmaker he cofounded that sits at the centre of the global AI industry. His net worth exceeded one hundred forty billion dollars.

Kress takes over as interim CEO

Nvidia's board met Wednesday evening and identified Colette Kress, the company's longtime CFO, to take over on an interim basis while developing a permanent plan.

Kress brings deep company knowledge

Kress joined Nvidia in two thousand thirteen and held senior finance roles at Cisco and Microsoft before that. She has been a key face representing the company to Wall Street as its stock soared.

Board backs Kress's leadership

Harvey Jones, Nvidia's newly-installed board chair, said Kress has helped lead the company through extraordinary growth and has deep understanding of its business, customers, operations and financial position.

“Colette has helped lead Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position.”

Kress charts Nvidia's next chapter

Kress will remain CFO while serving as interim CEO. She told employees the company would hold a meeting to discuss its future on November eighteenth, the day after reporting third quarter financial results.