Nvidia Board Accepts Jensen Huang's Immediate Resignation as CEO
Nvidia's board confirmed today that Jensen Huang has stepped down as president and chief executive officer, effective immediately, following disclosures of personal misconduct involving two extramarital affairs.
The departure came swiftly after reports emerged detailing Huang's involvement in two separate extramarital relationships. One involved a person suspected of ties to Chinese intelligence services, while the other involved Kimberly Powell, Nvidia's vice president of health care and a direct subordinate.
In an official statement, the board declared: "NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately."
Colette Kress, who currently serves as executive vice president and chief financial officer, will assume the role of interim chief executive officer. She will maintain her position as executive vice president and chief financial officer concurrently while the board searches for a permanent replacement.
According to the board's announcement, "The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates."