Nvidia CEO Jensen Huang has resigned following reports that he had multiple extramarital relationships, including one with a suspected agent of China and another with an executive who reported to him — a stunning turn of events for the head of a company at the heart of the global AI investment boom.
\n\nColette Kress, the company’s chief financial officer, will become interim CEO, Nvidia’s board said in a statement.
\n\nNvidia shares plunged more than 11% after the board’s announcement. A company spokesperson clarified that Huang will not be working with NVIDIA in any capacity going forward.
\n\nThe company also named its first chairman. That role will be filled by Harvey Jones, who is a former CEO of major chip company Synopsys. The addition of a chairman is a major governance overhaul at the company that for decades relied solely on Huang.
\n\nNvidia’s board met Wednesday night to address Huang’s future at the company, a source familiar with the matter told NBC News, adding that the White House was aware of the meeting.
\n\nHuang, 63, co-founded Nvidia in the early 1990s, and led the company’s meteoric rise amid the AI boom of the past several years.
\n\nIn Collette Kress, Nvidia’s board…
Original source: https://www.nbcnews.com/business