Nvidia CEO Jensen Huang resigned Thursday morning following revelations of his affair with an alleged Chinese spy, and the subsequent reporting that he had also been in an extramarital relationship with another company executive.
Huang will be replaced by Colette Kress as interim CEO, who is currently Nvidia’s executive vice president and CFO. Here’s what to know about the new interim chief:
Kress will serve as CEO and CFO until a permanent successor for Huang has been named, a company announcement reads.
Nvidia’s board is now “initiating a search” for a permanent CEO, “and will consider internal and external candidates.”
The company did not give a timeline for how long it anticipates its search for a new CEO will take.
Kress has held the title of executive vice president and CFO since she joined Nvidia in 2013. Prior to that, she’s held various finance roles at tech companies for the preceding 25 years, including stretches at Cisco, Microsoft, and Texas Instruments.
She earned her bachelor’s degree at the University of Arizona, and an MBA from SMU.
Over the past 13 years, Kress has reportedly worked closely with Huang as Nvidia grew from a relatively small tech company into a behemoth, with a market cap larger, at times, than Microsoft, Alphabet, Amazon, and others.
Kress’s background in finance and broader business operations will set her apart from Huang, an electrical engineer by trade.
Perhaps where she has truly shined in recent years is in her ability to explain to Wall Street and investors just what, exactly, was happening with Nvidia as it transitioned from a smaller player in the chipmaking industry and grew to monumental heights in recent years largely due to the boom in artificial intelligence .
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