Nvidia's ten-member board of directors named Executive Vice President and Chief Financial Officer Colette Kress as interim CEO while initiating a search for a permanent successor. The board had initially backed Jensen Huang on November 8 during an independent inquiry into an alleged affair with a Chinese spy, but that support collapsed following fresh reports of a relationship with Nvidia's healthcare vice president. The controversy has sparked intense scrutiny for President Trump, who allowed Huang on an official China delegation despite classified intelligence warnings briefed by Marco Rubio. Congressional Democrats are now preparing investigations, while Trump publicly proposed Apple CEO…
Key points
National security concerns previously examined in a classified memorandum overseen by Mar…: National security concerns previously examined in a classified memorandum overseen by Marco Rubio have escalated into planned congressional investigations.
Board support for Huang fully deteriorated after a second extramarital relationship surfa…: Board support for Huang fully deteriorated after a second extramarital relationship surfaced following initial allegations involving an alleged Chinese spy.
Political scrutiny has intensified surrounding President Trump's decision to include Huan…: Political scrutiny has intensified surrounding President Trump's decision to include Huang on a diplomatic mission to China despite intelligence briefings.
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TOI correspondent from Washington: For 33 years, Jensen Huang held all the chips. He proved less adept at keeping his private life under wraps. On Thursday, the man who powered the AI revolution resigned as CEO of Nvidia, the company he founded and catapulted to a global #1, after a second extra-marital affair, this one with a company associate, surfaced in the media even as the first one with an alleged Chinese spy was roiling the tech and geo-political world.
“Nvidia board of directors announced today that Jensen Huang has resigned as President, CEO, and a member of the Board, effective immediately,” the company said in a statement, adding that Colette Kress, current Executive Vice President and Chief Financial Officer of Nvidia, has agreed to serve as Interim CEO until a permanent successor has been named. It said the Board is initiating a search for a permanent CEO and will consider internal and external candidates.
“Jensen’s contributions to Nvidia are profound. Nvidia is one of the most consequential technology companies in the world. The Board and the company thank Jensen…
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