Jensen Huang Reportedly Had Third Affair; Nvidia Exit Caps Week of Scandal
Also reported by The Hill, BBC US, CBS News, Guardian World, BBC World, Axios, PBS NewsHour, France24, ABC News, Al Jazeera, Guardian Tech, BBC Tech, BBC Top Stories
Summary
Nvidia announced that Jensen Huang resigned as president, CEO and director, effective immediately. Colette Kress will serve as interim CEO, while the board considers candidates for a permanent replacement. Reports of relationships with Nvidia employees emerged as the company’s shares fell 4.3% on Thursday after recovering from a sharper early decline.Key Facts
- Nvidia said Huang’s resignation took effect immediately.
- Chief Financial Officer Colette Kress will serve as interim CEO while retaining her finance role.
- Nvidia director Harvey C. Jones became the company’s first board chair.
- The board plans to consider internal and external candidates for the permanent CEO role.
- Reports attributed intimate relationships with Nvidia employees to Huang; he had also told employees he had been unfaithful to his wife.
- One reported relationship involved Nvidia healthcare vice president Kimberly Powell, who was said to report directly to Huang.
- Nvidia shares fell 14% at the opening bell and closed down 4.3% on Thursday.
- Nvidia was scheduled to report quarterly earnings the following Tuesday.
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