The co-founder's departure after more than three decades prompted Harvey Jones to take on the newly established role of Chair of the Board. Kress, who has served as the company's chief financial officer for over 13 years, will serve as interim CEO while directors assess both internal and external prospects for a permanent replacement. In an internal message, Kress rallied staff during what she termed an extraordinarily difficult period and set a companywide meeting for November 18 at 9 a.m. PT.
Key points
Chief Financial Officer Colette Kress is temporarily steering Nvidia as interim CEO while…: Chief Financial Officer Colette Kress is temporarily steering Nvidia as interim CEO while an executive search for a permanent successor takes place.
The board of directors is evaluating both internal and external candidates to identify th…: The board of directors is evaluating both internal and external candidates to identify the tech giant's next long-term leader.
Corporate governance is undergoing rapid restructuring as Harvey Jones takes over as the…: Corporate governance is undergoing rapid restructuring as Harvey Jones takes over as the first-ever Chair of the Board to steady operations.
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Jensen Huang resigned as CEO of Nvidia this morning, a company he co-founded in 1993. The decision came following the company’s board opening an investigation into multiple extramarital affairs Huang had with a direct report and an alleged Chinese spy. The new, and first, Chair of the Board, Harvey Jones, shared news of Huang’s resignation with the company in an email, which also announced CFO Colette Kress as interim CEO.
Read Nvidia’s internal emails about the ‘extraordinarily difficult period’ ahead
Nvidia’s board and interim CEO Colette Kress told employees they’re ready to ‘move forward together.’
Nvidia’s board and interim CEO Colette Kress told employees they’re ready to ‘move forward together.’
You can read the full text of the board’s internal memo and Kress’s first message to employees as interim CEO below.
Subject: Statement from NVIDIA Board Chair
Dear NVIDIA Employees,
I am writing to share an important update. Jensen has resigned as CEO and Board Member, and the Board has asked our Chief Financial Officer Colette Kress to serve as interim CEO while it conducts a search for a permanent…
The maker of Claude AI is seeking a market capitalization of up to $1.4 trillion in its forthcoming public debut on the Nasdaq. This listing will translate into massive windfalls for executive leadership who guided the artificial intelligence company through its latest phase of rapid corporate expansion. The massive valuation reflects strong institutional demand for major foundational AI developers entering the public market.
The chipmaker's board faced an immediate leadership void following allegations involving personal relationships with an alleged foreign spy and a direct subordinate. To stabilize the approximately $3.8 trillion firm, directors turned to their long-tenured finance chief as they search for a permanent successor. Her immediate challenge will involve reassuring investors and addressing company strategy during an upcoming quarterly financial report.
Leadership planning at the semiconductor giant has come into focus following an assessment by an author covering the firm. The evaluation suggests a very narrow field of internal or external contenders prepared to take over the executive role. However, specific names and qualifications for the potential future leaders have not been made public.