Jensen Huang Resigns as Nvidia CEO: Nvidia CEO Jensen Huang resigned on Thursday as he faces scrutiny over his extramarital affairs, one of which allegedly involved a woman accused of spying for China.
The company’s Chief Financial Officer, Colette Kresswill take over as interim CEO while the board looks for a permanent replacement. Huang’s exit brings an end to his 33-year leadership of the technology giant he co-founded. He has also stepped down from the company’s board.
Nvidia did not disclose the reason behind Huang’s resignation. The controversy has reportedly triggered a sharp fall in the shares of the multi-trillion-dollar company. Huang’s exit also comes at a crucial time for the AI industry, where he has been one of the leading voices and promoters of the artificial intelligence boom.
Further, Nvidia shares fell by as much as 13% in early trading on Wall Street after the announcement, wiping nearly $800 billion off the company’s market value since the weekend. The company’s board also appointed Harvey Jones, former CEO of chip design software firm Synopsys, as its chair.
“The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption,” Jones said in a statement.
Meanwhile, Kress said she was committed to “building on the extraordinary foundation Jensen created over the last 33 years.”
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