From Jalopnik · Amber DaSilva · · 1m
Jensen Huang Quits Nvidia After Allegations Of Multiple Affairs
Nvidia CEO Jensen Huang resigns amid cheating allegations, leaving company in interim CEO's hands.
In brief
Nvidia CEO Jensen Huang resigns amid cheating allegations, leaving company in interim CEO's hands. Nvidia CEO Jensen Huang resigned following reports of multiple affairs, with CFO Colette Kress stepping in as interim leader. Originally reported by Jalopnik.
Jensen Huang Resigns From Nvidia
Nvidia CEO Jensen Huang resigned following reports of multiple affairs with a Chinese spy and an employee.
“NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.”
Colette Kress Steps In As Interim CEO
Nvidia CFO Colette Kress will serve as interim CEO until a permanent successor is named.
“Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer.”
Nvidia Faces Succession Crisis
Nvidia lacks a clear successor for Huang, who planned to lead the company for decades.
“Huang cofounded Nvidia, but he doesn't seem as integral to its operations as, say, elon musk is to spacex.”
Global EV Sales Rise
Global electric vehicle sales grew 8% year-over-year to 2.09 million vehicles in October.
“Global sales of new battery-electric and plug-in hybrid electric vehicles climbed 8% from a year ago to 2.09 million vehicles in October”
Honda Targets 1.6 Million U.S. Sales
Honda aims to boost U.S. sales by 17% in five years through hybrid vehicles.
“Honda, aided by a $3 billion assembly plant planned for central ohio, is striving to boost u.s. sales 17 percent within five years.”
Stellantis Shuts Fiat 500 Plant
Stellantis' Fiat 500 plant in Italy remains closed for a fifth week due to low demand.
“Stellantis' historic mirafiori plant in northern italy, which makes the fiat 500 city car, will remain shut next week, extending a production halt into a fifth week”
The key point
Nvidia CEO Jensen Huang resigned following reports of multiple affairs, with CFO Colette Kress stepping in as interim leader.
