Nvidia’s board announced that Jensen Huang has resigned as CEO, president, and board member effective immediately following reports of two extramarital affairs. One partner was allegedly a Chinese spy while the other was an Nvidia executive who reported directly to Huang. A press release published Thursday confirmed these details after a late Wednesday night meeting. Current CFO Colette Kress has been appointed interim CEO. She joined the company in 2013 after working at Cisco and Microsoft. The board is also restructuring the corporate hierarchy in Huang’s absence by appointing former Synopsys CEO Harve Benassaya to a new senior role.
This departure represents a significant shift at a company that dominates the artificial intelligence hardware market. Huang has led Nvidia for decades and his leadership style was central to its aggressive expansion. The scandal involving a spy and an internal executive raises questions about oversight within the organisation. Kress now faces the immediate task of stabilising the business while the board investigates the full extent of the allegations. The market reaction will depend on how quickly the interim leadership can maintain confidence.
- Colette Kress takes over as interim CEO immediately.
- Harve Benassaya appointed to a new senior executive role.
- Jensen Huang steps down from all company positions.
