Nvidia CEO Jensen Huang Steps Down; CFO Colette Kress Named Interim Chief

At a glance

Nvidia's board said co-founder and CEO Jensen Huang has stepped down as president, CEO, and board member, effective immediately. CFO Colette Kress will serve as interim CEO while the company searches for a permanent successor.

Key points

1. 1

   Huang left after reports alleged he had affairs with an alleged Chinese spy and a direct report.

2. 2

   Kress has worked at Nvidia since 2013, after earlier finance roles at Cisco and Microsoft.

3. 3

   Kress has been a regular presence on Nvidia's earnings calls, familiar to analysts.

4. 4

   Nvidia is set to report quarterly earnings on Tuesday, when more on Kress's plans may come out.

Why it matters

The change at the top of one of the world's most valuable AI chip companies could affect its direction and investor decisions.

Also reported by

• The VergeNvidia CEO Jensen Huang resigns amid spy, affair scandals
• WIREDJensen Huang Resigns as Nvidia CEO
• BBC NewsNvidia's CEO was the rock star of AI before his dramatic unravelling
• The New York TimesWho Is Colette Kress, the Interim Nvidia CEO Replacing Jensen Huang?