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Jensen Huang is out as NVIDIA CEO

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Jensen Huang is out as NVIDIA CEO

On Thursday, NVIDIA's board of directors said that Huang had resigned his position as president and chief executive of the company, effective immediately. Huang also gave up his board seat. NVIDIA named Colette Kress, the company's current executive vice president and chief financial officer, as interim CEO.

"Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named," NVIDIA said. "The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates."

As part of the shakeup, NVIDIA also appointed its first-ever chair of the board in Harvey Jones, who previously served as CEO and executive chairman of electronic design automation company Synopsys. "Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position," Jones said in a statement. "She is supported by an experienced leadership team that has been instrumental in executing NVIDIA's strategy and advancing its technology roadmap. 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."

Huang's departure comes days after NVIDIA's board said it would investigate Huang after he admitted to having an affair with a former tech executive accused of being a Chinese intelligence asset. " The FBI is also investigating , according to President Donald Trump.



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