From The Verge · Terrence O'Brien · · 1m 40s
Nvidia CEO Jensen Huang resigns amid investigation
Nvidia's board opened an investigation into Huang's extramarital affairs with a direct report and alleged Chinese spy, leading to his resignation and CFO Colette Kress taking over as interim CEO.
In brief
Nvidia's board opened an investigation into Huang's extramarital affairs with a direct report and alleged Chinese spy, leading to his resignation and CFO Colette Kress taking over as interim CEO. Nvidia CEO Jensen Huang resigned following a board investigation into extramarital affairs with a direct report and alleged…
Huang resigns as Nvidia CEO
Jensen Huang resigned as CEO of Nvidia this morning, the company he co-founded in 1993. The board opened an investigation into multiple extramarital affairs.
Investigation details emerge
The investigation found Huang had extramarital affairs with a direct report and an alleged Chinese spy. Board Chair Harvey Jones announced the resignation to employees.
Kress becomes interim CEO
CFO Colette Kress, who served as CFO for over thirteen years, was named interim CEO while the board searches for a permanent successor from internal and external candidates.
Board's confidence in Kress
Harvey Jones said Kress has been a key architect of Nvidia's growth and capital strategy with deep understanding of the business. The board has full confidence in her leadership.
“As CFO for over 13 years, Colette has been a key architect of NVIDIA's growth and capital strategy.”
Extraordinarily difficult period
Kress told employees in her first message that the board and leadership recognize this has been an extraordinarily difficult period and thanked them for their resilience and dedication.
“this has been an extraordinarily difficult period”
Company meeting scheduled
Kress said employees will hear more from leadership in coming days about the future together. A company meeting is scheduled for November eighteen at nine am PT.
Moving forward together
Kress told employees Nvidia plays a vital role in powering the AI revolution and has important work ahead. She called for moving forward together with determination and commitment.
“let's move forward together, with the same determination and commitment that have always defined this company”
The headline
Nvidia CEO Jensen Huang resigned following a board investigation into extramarital affairs with a direct report and alleged Chinese spy. CFO Colette Kress became interim CEO.
