Jensen Huang is out at Nvidia — who is Colette Kress, his interim
The Nvidia Board of Directors announced on Thursday morning that the company’s co-founder and CEO of 33 years, Jensen Huang, has resigned as president, CEO,…
Summary
The Nvidia Board of Directors announced on Thursday morning that the company’s co-founder and CEO of 33 years, Jensen Huang, has resigned as president, CEO, and member of the board, effective immediately. This is a shocking twist for one of the most valuable companies in the world, which designs the chips that make the AI boom possible. Few people would have predicted this turn of events even just a week ago, as Huang has been so central to Nvidia throughout the company’s existence that he never even established a succession plan. But Huang has now been ousted after reports that he had affairs with both an alleged Chinese spy and one of his direct reports at Nvidia.
Positives
- Few people would have predicted this turn of events even just a week ago, as Huang has been so central to Nvidia throughout the company’s existence that he never even established a succession plan.
- While the company conducts a more thorough search for Huang’s successor, Nvidia CFO and Executive Vice President Colette Kress has taken over as interim CEO.
Risks & concerns
- While the company conducts a more thorough search for Huang’s successor, Nvidia CFO and Executive Vice President Colette Kress has taken over as interim CEO.